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Stock impact report

Momentum Builds For Subsea Desalination Technology [Forbes]

TKO Group Holdings, Inc. Class A (TKO) 
Company Research Source: Forbes
have been especially attentive to news about the desalination industry. This week, Flocean , a company I have covered in this column before, made two big announcements —a tie-up with a Norwegian municipality to explore Flocean's subsea desalination system for the town's water supplies and an extension to the company's Series A fundraising round that more than doubles the amount raised in the A1 round and brings in a strategic corporate investor. I am encouraged by this momentum, as water scarcity is an immediate threat and subsea desalination shows great potential to reduce the economic and environmental costs of desalination. The gap between water supply and demand will only increase According to a recent Bank of America industry report, 57% of the world's natural aquifers have already passed a critical tipping point. We rely on these aquifers for drinking water and food production; an enormous expanse of U.S. grain-producing regions draws water from the Ogallala Aquifer, which f Show less Read more
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