OxyMem Ranked as Top 30 in Global Cleantech Cluster

OxyMem  is proud to announce its inclusion in the Global Top 30 for the Global Cleantech Cluster Association (GCCA) 2014 Later Stage Awards. The prestigious Top 30 consist of mid-to late-stage companies that originate from a variety of cleantech industries and have a proven track record in their home market, with the goal to expand internationally. Using the Keystone Compact Method, each company was evaluated based on their position for value capture in their industry, and investment grade. The Global Top 10 winners and one Grand Prize winner will be determined by a panel of investors and announced at the 5th annual CleanTech Investing Seminar in Lausanne, Switzerland on December 3, 2014.

The full list of 2014 Later Stage Award Nominations can be found at: http://www.globalcleantech.org/awards/2014-awards/

“The 2014 Global Top 30 companies exhibit market strength, breakthrough innovation, and a competitive position for growth,” said Dr. Peter Adriaens, Head Judge of the GCCA Later Stage Awards, developer of the Keystone Compact™ and associated scoring method, and CEO of the KeyStone Compact Group Ltd, a global strategy and investment-level business analytics company. “

Determining the nominations from over 100 to 30 follows a competitive and robust analytic process, the Top 30 represents some of the world’s most esteemed cleantech companies based on potential ‘investability’ in their various cleantech industry sectors.”

OxyMem, a rising star within the Irish cleantech sector, has commercialised an innovative solution for wastewater aeration – the Membrane Aerated Biofilm Reactor (MABR). The Greenway, which runs Dublin’s cleantech cluster, has championed the sector since 2010 and has been a great advocate of OxyMem since it spun out from University College Dublin. OxyMem were put forward for the GCCA accolade by Executive Director of The Greenway, Aideen O’Hora, earlier this year.

The OxyMem MABR is a bubbleless aeration system which dramatically reduces the biggest consumable of the water industry – energy. With over 2% of the planets electricity used for wastewater, aeration is one of the largest operational costs for water companies.

OxyMem MABR exploits gas permeable membrane technology, oxygen is delivered directly to pollutant degrading microorganisms, eliminating the need for bubbles and reducing the energy consumption by 75%.

Wayne Byrne, Managing Director of OxyMem highlighted the significance of the Top 30 listing, saying: “The prestigious nature of the recognition for MABR technology by the GCCA independent assessors validates our view that MABR is fast becoming a technology consideration for anyone seeking to achieve energy neutral wastewater treatment. We believe MABR offers one of the most promising developments within the wastewater cleantech industry since Activated Sludge, 100 years ago.”

The Top 30 semi-finalists will now be evaluated by an extensive list of venture capital and cleantech judges who ultimately select the winners for the Later Stage Award. With more than $3.5 billion invested in clean technology, the GCCA judges include SJF Ventures, Blue Hill Partners, Spring Capital, Sofinnova Partners and many more.

The GCCA Later Stage Awards ceremony will be held on December 3, 2014 at the CleanTech Investing Seminar in Lausanne, Switzerland. This event brings together the very best game-changing technologies and entrepreneurs with a wide range of cleantech investors, corporate investors and family offices. The GCCA portions of the agenda are organized by GCCA Chairman Christian Hauselmann, and co-founder of swisscleantech.