Last week was one of the most exciting weeks Altum Technologies has had in its concise history. Our fouling cleaning technology and startup won the Slush100 pitching competition. Slush100 competition is part of the Slush 2017 Startup Event, one of the biggest in the world and gathers companies, investors, and attendees from more than 130 countries. It is crazy to think that we came top 1 from a list of more than 2600 startups!
On an interview to Slush right after the announcement of Slush100, our COO Bo Malmberg said: “I feel ecstatic, it is great to see technology like ours being recognized in the competition. We are in prime position to roll out into the rest of Europe now. This year’s Slush was an amazing experience altogether, and the feedback from the competition was valuable. I can recommend it to everyone!”
Let’s eliminate fouling from Earth
Fouling is one of the biggest problems in the world. It causes 2,5% of the global CO2 emissions per year. 2,5% of CO2 equals 272 power plant emissions or more than 200 million cars emissions (20% of the world’s total vehicles). Fouling occurs when industrial processes and equipment gets dirty.
As the equipment gets clogged of dirt, more energy is needed to continue the production, and this will incur in more CO2 emissions. On top of it, to clean the equipment, hazardous chemicals are required, which can contaminate our water resources and put the lives of industry workers in danger.
Expensive to economies and industries
Only in heat exchangers, fouling accounts for a loss of 0.25% to 30% of an industrialized country’s total value of goods produced and services provided during one year (GDP). Putting this into perspective, the GDP of the world’s 10 biggest economies is $49,4 trillion (source: World Economic Forum https://www.weforum.org/agenda/2017/03/worlds-biggest-economies-in-2017) meaning that the costs coming from fouling easily go above $123,5 billion and this is only in the top 10 economies.
As a company, we are aiming to remove fouling from the planet and help lower our carbon emissions, we need to act now, and that is where our efforts are going to. Last weekend was all Slush100 celebration, this week, we are all back in business and our engineers continue to work hard to develop a product that fits every single industrial equipment.
The ultimate prize for us is a healthy Earth without fouling while helping companies to save money.
We want to thank all of you who have called us, sent emails, website, and personal messages on LinkedIn, we will get back to all of you as soon as possible. The attention is overwhelming and this motivates us to continue growing.
Here you can watch our COO Bo Malmberg pitching in the Slush100 final: