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Description of Company and Technology
Altela, Inc. is a high-technology company that has developed a new energy-reuse water desalination product that operates unattended at remote locations, such as oil and gas wells. Altela’s first product is in the field with 5 revenue-generating systems in operation at natural gas wells in the San Juan Basin. Through the use of its proprietary patented AltelaRainSM technology, Altela desalinates and decontaminates highly-challenged water using an evaporation/condensation process like nature’s own process: clean rain water from undrinkable ocean salt water. The technology is simple, elegant, and disruptive. Altela’s process makes 3 gallons of clean water from the heat energy that would usually only make 1 gallon – through 300% energy-reuse – thus making Altela both a clean-tech energy and water investment. The AltelaRainSM system operates on low-grade waste heat or waste well-head gas, which is free in many locations, thus further lowering Altela’s operating costs relative to competing high-pressure, high-electricity-cost technologies such as reverse osmosis (RO) and mechanical vacuum compression (MVC). The system is robust: using no pressure, high temperatures, filters, or membranes – allowing it to be manufactured from inexpensive plastics rather than exotic and expensive metals. Independent laboratory water quality tests validate the Altela process completely, and Altela has received numerous first-of-their-kind permits to discharge its resulting extremely clean water to surface applications. Significant investment returns are projected by attacking water clean-up in a fundamentally new way, especially in the oil and gas industry’s critical and production-limiting ability to dispose of its produced water. Leading Altela is an experienced Board of Directors, serial entrepreneur CEO, three strategic O&G partner/investors, Technical Advisory Board and three existing VC firms.
Market
Water desalination is one of the world’s great remaining problems in need of a low-cost solution. Altela’s initial target market is the oil and gas (O&G) industry’s produced water disposal problem, though the technology is applicable to any water remediation or desalination. The application of Altela’s new proprietary technology to produced water disposal cost reduction is projected to yield significant investment returns by solving this major problem for the O&G industry. Natural gas production is growing much faster than oil production in the U.S., and produced water from gas wells is the main waste cost and production-limitation they face, especially in new basins such as in northwest Colorado, Wyoming, Canada, etc. Altela differentiates itself by cleaning the produced water on-site, thereby reducing very high water hauling and disposal costs – and thus extending the life of present wells and increasing an operator’s economic known reserves by lowering their cost of production.
The O&G industry often spends 120 times as much, per gallon, to get rid of this dirty water – as residential users pay for clean water. Altela converts this liability of produced water into an asset of clean water, on-site, and its service-based business model allows early adopters to switch to the Altela solution with low risk. Present production and disposal wells can be extended in life, and otherwise non-economic reserves become economically-viable once the produced water liability is minimized or eliminated.
Financing
Altela has raised $10.0 million to date; $7.1M of that in a Series A investment in the 3rd quarter of 2007. The Company looks ahead towards market penetration and manufacturing expansion.
Are you interested in learning more about Altela and our potential to treat water naturally? Please read our FAQs and feel free to fill out our Request Investment Information form.
Altela, Inc. is a high-technology company that has developed a new energy-reuse water desalination product that operates unattended at remote locations, such as oil and gas wells. Altela’s first product is in the field with 5 revenue-generating systems in operation at natural gas wells in the San Juan Basin. Through the use of its proprietary patented AltelaRainSM technology, Altela desalinates and decontaminates highly-challenged water using an evaporation/condensation process like nature’s own process: clean rain water from undrinkable ocean salt water. The technology is simple, elegant, and disruptive. Altela’s process makes 3 gallons of clean water from the heat energy that would usually only make 1 gallon – through 300% energy-reuse – thus making Altela both a clean-tech energy and water investment. The AltelaRainSM system operates on low-grade waste heat or waste well-head gas, which is free in many locations, thus further lowering Altela’s operating costs relative to competing high-pressure, high-electricity-cost technologies such as reverse osmosis (RO) and mechanical vacuum compression (MVC). The system is robust: using no pressure, high temperatures, filters, or membranes – allowing it to be manufactured from inexpensive plastics rather than exotic and expensive metals. Independent laboratory water quality tests validate the Altela process completely, and Altela has received numerous first-of-their-kind permits to discharge its resulting extremely clean water to surface applications. Significant investment returns are projected by attacking water clean-up in a fundamentally new way, especially in the oil and gas industry’s critical and production-limiting ability to dispose of its produced water. Leading Altela is an experienced Board of Directors, serial entrepreneur CEO, three strategic O&G partner/investors, Technical Advisory Board and three existing VC firms.
Market
Water desalination is one of the world’s great remaining problems in need of a low-cost solution. Altela’s initial target market is the oil and gas (O&G) industry’s produced water disposal problem, though the technology is applicable to any water remediation or desalination. The application of Altela’s new proprietary technology to produced water disposal cost reduction is projected to yield significant investment returns by solving this major problem for the O&G industry. Natural gas production is growing much faster than oil production in the U.S., and produced water from gas wells is the main waste cost and production-limitation they face, especially in new basins such as in northwest Colorado, Wyoming, Canada, etc. Altela differentiates itself by cleaning the produced water on-site, thereby reducing very high water hauling and disposal costs – and thus extending the life of present wells and increasing an operator’s economic known reserves by lowering their cost of production.
The O&G industry often spends 120 times as much, per gallon, to get rid of this dirty water – as residential users pay for clean water. Altela converts this liability of produced water into an asset of clean water, on-site, and its service-based business model allows early adopters to switch to the Altela solution with low risk. Present production and disposal wells can be extended in life, and otherwise non-economic reserves become economically-viable once the produced water liability is minimized or eliminated.
Financing
Altela has raised $10.0 million to date; $7.1M of that in a Series A investment in the 3rd quarter of 2007. The Company looks ahead towards market penetration and manufacturing expansion.
Are you interested in learning more about Altela and our potential to treat water naturally? Please read our FAQs and feel free to fill out our Request Investment Information form.