Continuous in-place measurement of organic chemicals in water
Category: Agriculture–Waste–Water — Region: Rocky Mountain
www.optienzsensors.com — @optienz
Steve Witt, CEO
Elevator pitch: OptiEnz Sensors has developed an in-place monitoring system that continuously measures the concentration of toxic organic chemicals in water. The sensing system enables oil and gas companies to more efficiently and sustainably treat and recycle water from fracking. The product consists of a sensing unit connected via a fiber-optic cable to a patented enzymatic sensor tip.
How we make a difference: Produced water treatment facilities in the oil and gas fracking industry currently have no methods for continuously measuring toxic contaminants in water. These facilities send samples to external laboratories for analysis, which takes a week for results. OptiEnz low-cost sensors continuously and quantitatively measure the concentration of hydrocarbons, methanol, and other chemicals, enabling produced water treatment facilities to comply with government standards and operate more efficiently and sustainably.
If we win? Winning at the Global Forum will benefit OptiEnz Sensors in three ways. First, it will provide tremendous visibility within the cleantech community and will create valuable networking connections within the target markets, including oil and gas produced water treatment and groundwater monitoring. Second, it will provide much-needed exposure to investors at a time when OptiEnz is striving to raise a Series A round. Third, the money and in-kind services will accelerate the current round of fundraising, enabling the company to invest in crucial business development efforts.
Cleantech Open anecdote: The most interesting and helpful part of the Cleantech Open process has been the Academy session with Steve Blank. His whole approach of getting out of the office and pursuing “customer discovery” continues to significantly impact our business plan, business model, and go-to-market strategy.