Fortistar leading funding round for Breakthrough Technologies

In New York state, Fortistar announced that it is leading a growth round of capital for Boston-based Breakthrough Technologies, a company that builds innovative industrial products that improve water and energy sustainability and drive better business performance.

Breakthrough Technologies’ first commercial solution, Aqua Liquefaction with Ionization (ALI), which recovers up to 90% of water loss during normal cooling tower operations, is poised for substantial growth and will have a major impact on water sustainability issues. According to the U.S. Geological Survey (USGS), 14.8 billion gallons of water per day is used for industrial use. With an estimated two million cooling towers in the U.S. and one mid-sized tower losing up to 100,000,000 gallons of water each year, Breakthrough Technologies estimates that 10,000 mid-size cooling towers with ALI technology can save up to 1 trillion gallons of water and create $5 billion in water cost-savings. Using U.S. Environmental Protection Agency consumption figures (83 gallons per person, per day), 1 trillion gallons is enough to provide water for 33 million people every year.  

Opal Fuels, another Fortistar investment, recently invested in Bio Town Biogas, one of the most environmentally-friendly RNG production facilities in the country.