Funds affiliated with Pennybacker Capital Management have made an investment into Cambrian Innovation, a turnkey wastewater treatment, water reuse and energy recovery-as-a-service company, and committed up to $200 million to support Cambrian's growth.
Cambrian has developed innovative technology to address wastewater treatment problems. Based in Boston, the company's flagship water energy purchase agreement model allows commercial and industrial customers to pay only by the gallon treated, or kilowatt hour generated, capturing the economic savings and sustainability benefits of efficient water reuse while focusing on their core businesses.
Cambrian has implemented solutions with world renowned brands in food, beverage and lifestyle resort industries, including Anheuser-Busch, Sapporo, Keurig Dr. Pepper, Louis Vuitton Moet Hennessy and Discovery Land.
“Across the U.S. and internationally, the need for sustainable water treatment, water reuse and clean energy ha