Economics
Israel Sewage-Eating Bacteria Lure GE Cash to Save Energy
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Israel’s water industry is attracting funds from General Electric Co. and ConocoPhillips as the country develops energy-saving technology to treat sewage, part of a $5 billion program to clean up water supplies by 2016.
Emefcy Ltd., building a fuel cell that uses bacteria to break down waste in water, has raised about $10 million from investors including GE, NRG Energy Inc. and ConocoPhillips, its Chief Executive Officer Eytan Levy said in a telephone interview. The process reduces the amount of energy required to treat sewage and generates electricity.