LAT Water Limited (LATW), the Berkshire based wastewater treatment company, has signed
a £5 million investment agreement with environmental fund manager, Earthworm. The
investment follows recent contract wins for LATW in China and the UK, and will finance the
next stage of its expansion plans, developing as a global player in this high growth sector.
Earthworm only backs projects that have a positive social or environmental impact in the
sectors of power, waste, food and the built environment. Members of the Earthworm
community contribute to a circular economy, sharing expertise and best practice to support
each other and achieve the best return for investors.
LATW mission is to deliver sustainable solutions to the water crisis facing the planet. It has
developed proprietary, cutting-edge, low-cost green solutions for the treatment of industrial
wastewater. The Water Machine is a desalination or wastewater treatment facility powered by
renewable energy or low-grade waste heat. This provides fresh water at a lower cost than any
existing technology, as well as with a low carbon footprint.
LATW CEO, Mark Hardiman, commented:
“This is a truly transformational development for LAT Water and we are excited that
Earthworm has shown the confidence in our company and technology. The investment
allows us rapidly to expand the business to deliver water treatment solutions in the UK
and the rest of the world. At the same time the partnership also allows us to draw on
the market leading environmental expertise of Earthworm. We are looking forward to a
long and fruitful partnership.”
Will Brocklebank, Head of Projects and Partnerships at Earthworm will take a seat on the
LATW board. He commented:
“We see a tremendous opportunity in the wastewater treatment sector. At the moment
landfill leachate is tankered around the country for processing which is a good example
of the treatment of one pollutant causing an increase in others. LAT Water’s
technologies treat leachate on site which fits well with our broad aim to process waste
near its source, and to create value and reduce environmental damage in doing so.
We’re delighted they’re joining our community.”