“There is a an almost uncanny fit between India’s needs in the urban water arena, and what Israeli companies are able to offer,” so says Abraham Tenne, VP Desalination at Israel’s Water Authority following a visit last week to India. The visit was one implementation of an agreement signed this past February between the two nations aimed at fostering cooperation, with a
“Whiskey is for drinking; water is for fighting over.” Often attributed to Mark Twain, whoever said that seemed to have quite a bit of foresight, something the mainstream cleantech community is only recently warming up to.
The fights over water use facing utility scale solar thermal projects in the desert Southwest may have a lot to do with opening the eyes of the clean-tech community, but the sector’s challenges and opportunities are much broader than that, as scores of Californians, Middle Easterners, and Australians will attest. So why, with the problems so immediate and demand remaining strong in the $58 billion annual market for water technologies, has water investment as a percentage of venture investment declined since 2005?