Dealflow | December 5, 2019

KKR Global Impact dives into wastewater treatment

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, Dec. 5 – Excessive nitrogen and phosphorus in waterways, largely from agricultural runoff, can lead to toxic algae blooms, which are harmful to humans and animals.

KKR is using its Global Impact fund to invest in nutrient monitoring, management and removal services for U.S. wastewater treatment facilities, in partnership with XPV Water Partners, a consulting and investment firm.

The partners’ first two investments are Massachusetts-based Environmental Operating Solutions (EOSi), which makes non-hazardous chemicals to remove nutrients, and Winnipeg-based Nexom, a biological water treatment and filtration tech company.

“We need better technology, more funding and broader-based implementation to tackle the problem,” KKR Global Impact’s Robert Antablin wrote in a guest post on ImpactAlpha.