Australian-Singaporean water and wastewater treatment company De.mem Limited (ASX:DEM) announced yesterday that it has signed a $550,000 contract with AGL Energy (ASX:AGL) for the delivery of waster treatment equipment to an Australian power station.
AGL Energy will be provisioning De.mem’s water treatment technology, which produces high quality treated water for use in hydrogen production, an emerging sub-segment of the energy sector.
Commenting on the new contract, De.mem CEO Andreas Kroell said: “We are delighted to be growing our presence in the highly attractive Australian power generation segment with high quality institutional clients.
“The power generation industry is an important target market for De.mem as it requires large volumes of the highest quality treated water for use in boilers, turbines and cooling towers. We look forward to continuing to grow our presence within this segment.”
The new contract adds to De.mem’s growing momentum in the energy sector.
In September 2020, De.mem won a $400,000 contract from the Australian power generation sector for the generation of ultra-pure de-ionized water.
