Excell Partners Inc. has invested $50,000 in Microrganic Technologies Inc., and plans to place at least $100,000 more, company officials said. Microrganic, based in Albany, was founded in 2010. Its mission is delivering sustainable, organic waste-to-energy products through its microbial fuel-cell technology for industrial and municipal wastewater treatment, officials said.
The technology converts chemical energy in billions of gallons of wastewater to electrical energy while aerating the liquid, officials said. "Microrganic solves a big problem in waste treatment and offers a great opportunity to both help the environment and create a promising business," said Rami Katz, Excell chief operating officer, in a statement.
Excell Partners, formed in partnership with the University of Rochester and the State of New York, is a venture capital fund based at Eastman Business Park. Its investment strategy is focused on technology companies, including biotechnology, energy, agro-technology and information technology/software..