G2O Water Technologies
G2O Water Technologies Limited (G2O) is a UK-based graphene innovation and application company whose patented technology is aimed at reducing the cost of water treatment and filtration. Using proven science, G2O is working with several industry and innovation partners to scale up the technology and bring it to the market, ultimately delivering this new and unique filtration capability to a wide range of global companies.
We are thrilled to have completed our series B funding round with the support of Maven and to have located our R&D facility in the North East. We have been particularly impressed with the support provided to G2O by locating at NETPark. The demand for clean water is enormous and we are now well placed to develop products to meet the market’s needs.
Chief Operations Officer of G2O Water Technologies
The total global market for managing produced water was worth $146.81 Billion in 2016. Within this the sub-market segment of industrial and waste water treatment is estimated to be worth $26.77 Billion with a growth rate of 5.8% per year. With an increasing need for high quality drinking water using affordable solutions in both industrialised nations and the developing world together with increasing regulatory and cost pressures, G2O has identified a major opportunity to provide high separation efficiency solutions to real world problems for a range of contaminants.
The Finance Durham funding will enable the business to increase its Research & Development facilities at its North East Technology Park (NETPark)-based laboratory including the recruitment of additional scientists to expand its work with key industrial development partners, including the Centre for Process Innovation (CPI), to commercialise and roll out its innovative technology.
Could Finance Durham help fund your growth journey?
If you’re running a business that’s looking to grow, we’d love to hear from you. Feel free to give us a call to find out more about our flexible funding solutions:
0191 731 8595
Subscribe to Maven North East news and updates
Keep up-to-date with all the latest news and insights from Maven, including new investments, events and our blog.