What is Water Resource Technologies?
Established in 1994, Water Resource Technologies, Inc. (WRT) offers professional services focused on the removal of underground heating oil tanks and subsequent site remediation. The company serves a diverse clientele, including consultants, contractors, regulatory agencies, fuel oil distributors, and insurers, providing innovative and technically sound remedial solutions. WRT's team comprises scientists, engineers, and skilled operators, many of whom are OSHA-certified and possess extensive experience, including collaboration with the New Jersey Department of Environmental Protection (NJDEP). They specialize in evaluating contaminated sites to determine cost-effective remedial approaches that comply with state and local regulations while leveraging current technologies. WRT is a fully insured corporation, NJDEP certified for Closure and Subsurface Evaluation of underground storage tanks, and assists clients in securing state funding for remediation projects. Their services extend to excavation, disposal, soil vapor extraction, in-situ bio-remediation, and groundwater treatment.
How much funding has Water Resource Technologies raised?
Water Resource Technologies has raised a total of $305K across 2 funding rounds:
Debt
$150K
Debt
$155K
Debt (2020): $150K with participation from PPP
Debt (2021): $155K led by PPP
Key Investors in Water Resource Technologies
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Water Resource Technologies?
The recent strategic investment in Water Resource Technologies, Inc. signals a period of significant growth and potential expansion for the company. Given the large-scale late-stage funding context, WRT is likely poised to enhance its operational capacity, invest in advanced remediation technologies, and potentially broaden its service offerings or geographic reach. This capital infusion will enable the company to further solidify its position as a leader in underground tank management and environmental remediation, addressing complex site challenges with its specialized expertise and client-focused solutions.
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