2022 Water Innovation Prizes Announced
School of Management.
The company plans to start in the U.S. geothermal space, where Mesophase estimates its technology is worth about $800 million a year.
“Much of the geothermal capacity in the U.S. was built in the ’50s and ’60s,” Gangemi said. “That means most of these plants are operating way below capacity, and they invest frequently in technology like ours just to maintain their power output.”
The company will use the prize money, in part, to begin testing in a real power plant environment.
“We are excited about these developments, but we know that they are only first steps as we move toward broader energy applications,” Gangemi said.
MIT’s Water Innovation Prize helps translate water-related research and ideas into businesses and impact. Each year, student-led finalist teams pitch their innovations to students, faculty, investors, and people working in various water-related industries.
This year’s event, held in a virtual hybrid format in MIT’s Media Lab, included five finalist teams. The second-place $15,000 award was given to Livingwater Systems, which provides portable rainwater collection and filtration systems to displaced and off-grid communities.
The company’s product consists of a low-cost mesh that goes on roofs to collect the water and a collapsible storage unit that incorporates a sediment filter. The water becomes drinkable after applying chlorine tablets to the storage unit.
“Perhaps the single greatest attraction of our units is their elegance and simplicity,” Livingwater CEO Joshua Kao said in the company’s pitch. “Anyone can take advantage of their easy, do-it-yourself setup without any preexisting knowhow.”
The company says the system works on the pitched roofs used in many off-grid settlements, refugee camps, and slums. The entire unit fits inside a backpack.
The team also notes existing collection systems cost thousands of dollars, require expert installation, and can’t be attached to surfaces like tents. Livingwater is aiming to partner with nongovernmental organizations and nonprofit entities to sell its systems for $60 each, which would represent significant cost savings when compared to alternatives like busing water into settlements.
The company will be running a paid pilot with the World Food Program this fall.
“Support from MIT will be crucial for building the core team on the ground,” said Livingwater’s Gabriela Saade, a master’s student in public policy at the University of Chicago. “Let’s begin to realize a new era of water security in Latin America and across the globe.”
The third-place $10,000 prize went to Algeon Materials, which is creating sustainable and environmentally friendly bioplastics from kelp. Algeon also won the $5,000 audience choice award for its system, which doesn’t require water, fertilizer, or land to produce.
The other finalists were:
· Flowless, which uses artificial intelligence and an internet of things (IoT) platform to detect leaks and optimize water-related processes to reduce waste;
· Hydrologistics Africa Ltd, a platform to help consumers and utilities manage their water consumption; and
· Watabot, which is developing autonomous, artificial intelligence-powered systems to monitor harmful algae in real time and predict algae activity.
Each year the Water Innovation Prize, hosted by the MIT Water Club, awards up to $50,000 in grants to teams from around the world. This year’s program received over 50 applications. A group of 20 semifinalist teams spent one month working with mentors to refine their pitches and business plans, and the final field of finalists received another month of mentorship.
The Water Innovation Prize started in 2015 and has awarded more than $275,000 to 24 different teams to date.
Zach Winn is a writer at the Massachusetts Institute of Technology. This article is reprinted with permission of MIT News.
