NEW YORK – Fluence Corporation has officially launched following the merger between US firm RWL Water and Israeli firm Emefcy Group.
Announced earlier in May (read article), the merge was subject to shareholders’ approval, which has been passed with the resulting company now trading on the Australian Securities Exchange (ASX) as Fluence (FLC).
The merger has brought together the much more established RWL Water - with 7000 installations across 70 countries –with industry newcomer Emefcy to deliver its proprietary Membrane Aerated Biofilm Reactor (MABR) technology.
The new company plans to go after both sides of the water market, from desalination to wastewater treatment and waste-to-energy with a particular focus on the rural China market.
In a launch video, the company said “China is Fluence’s top priority” with the government’s plan to add rural wastewater treatment for 440 million people. This is worth $15 billion over the next five years, according to the firm.
Emefcy has made headway in the country after signing a partnership with China Gezhouba Group Investment Holding to start a 20 m3/day demonstration project – its first in Asia (read article).
Management of Fluence will be split between the two companies.
Henry Charrabé, president and CEO of RWL Water, and Philippe Laval, chief operating officer of RWL Water, will take up the roles CEO and COO of Fluence, respectively.
Meanwhile, Eytan Levy, co-Founder and CEO of Emefcy, and Ronen Schechter, co-founder of Emefcy, are appointed as president – products & innovation and chief technology officer of Fluence, respectively.
Bob Wowk, currently CFO of RWL Water, is appointed chief financial officer of Fluence. Ross Kennedy is continuing as company secretary.
Henry Charrabé, CEO of Fluence, said: “The combination of complementary decentralized and packaged water and wastewater treatment options is paving the way for Fluence to emerge as the leading global provider of innovative water and wastewater solutions serving municipal, industrial and commercial markets.”
Richard Irving, executive chairman of Fluence, said: “The distributed treatment model grants rural and remote communities in developing regions the access to clean water and sanitation they deserve, at a price they can afford, while also offering a compelling model to the developed world.”
###
Read more
Ethiopia MABR wastewater deal marks international expansion for Emefcy
Emefcy’s MABR China roll out helps push up share price
RWL water granted 5.8MGD seawater desalination project in California, Mexico
