For New Mexico — could water be the new oil?

Posted on Dec 27, 2015

ALBUQUERQUE—T he water technology industry in New Mexico is emerging, with potential to position the state as a leader in solving some of the world’s most pressing H2O problems. John Freisinger says he’s got the numbers to prove it.

The president and CEO of Technology Ventures Corp., an economic development agency that receives partial funding from Lockheed Martin to help the U.S. Department of Energy commercialize technologies, recently assisted in a “Why Water?” survey to assess if there’s enough water technology going on in the region to make it an economic development pillar. The conclusion: there is.

“The indications right now are good,” Freisinger said. “It looks like this could be a center of excellence, as a state, for water research within a narrow band of water, and it probably has to do most with water conservation and treatment.”

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Like all the potential industries TVC looks into, it put water technology through a litmus test to determine how much research is being done by the universities and national labs and identify where the big customers, potential sources of investment capital, and talent are located.

TVC found that as of August, 256 patents were active for New Mexico companies and inventors in water technology. Sandia National Laboratories accounted for 86 of those patents; Los Alamos National Laboratory had 31; 14 are from STC.UNM; the other 22 were issued to two private companies — MIOX Corp. and nanoMR Inc.

Patent figures are strong, when considering that an industry typically shows significant viability at about 150 active patents.

watertechnology – Bing News