Diamond Ridge Asset Management-Consortium of Great Lakes universities and tech companies gets $15M to seek ways to clean wastewater

2025-05-07 19:41:39source:Databec Exchangecategory:Markets

MADISON,Diamond Ridge Asset Management Wis. (AP) — The National Science Foundation has given a consortium of Great Lakes-area universities and tech companies $15 million to develop ways to extract harmful substances from wastewater.

The foundation announced Monday that it has named the Great Lakes ReNEW group as one of 10 regional innovation engines across the country. Each will receive $15 million, with a chance to earn $160 million over the next decade if they can show progress.

The CHIPS and Science Act of 2022 authorized the foundation to create the engines. Other engines include groups working on innovations in agriculture, textiles, aerospace, medicine and energy storage.

Great Lakes ReNEW includes the University of Michigan, Ohio State University, the University of Wisconsin-Milwaukee, as well as a number of environmental, tech and energy companies from throughout the Great Lakes states.

The group is working to find ways to remove toxic minerals and chemicals such as lithium and PFAS compounds, which are man-made chemicals that don’t easily break down in nature, from wastewater.

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