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Tech Oct 13, 2020
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The Los Angeles Cleantech Incubator campus is located downtown. In many areas of the world, there may be no more precious commodity than water — and that’s especially true in Los Angeles. So, it’s probably not surprising that L.A. has become a font of activity for companies looking to tap the water market in myriad ways. “I think Los Angeles is definitely a hub of water innovation because we have to (be),” said Matt Petersen, president and chief executive at downtown-based Los Angeles Cleantech Incubator. “We are dependent on water imported from hundreds of miles away to make the life we enjoy here possible,” he added. Peterson said aggressive climate laws in California help incentivize the private sector to find innovative solutions for conserving water. From established companies to ambitious startups, water-focused businesses dot the landscape in a city that funnels in much of its water from outside sources. There are established players like downtown-based water infrastructure company Cadiz Inc., which was founded in 1983, and Gardena-based treatment company Clean Water Technology Inc. For the newer water companies in L.A., technology is a common thread. “I believe Los Angeles has been unique, because the city is very focused on […]
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