EPISODE SUMMARY: In Episode 106 of The Business Equation, I'm joined by Riggs Eckelberry, CEO of OriginClear, for a great conversation about how Riggs and his company are using innovation and cutting-edge technology to execute their operations AND pay their investors. We also dig into Riggs' professional history and learn about how he arrived at OriginClear.
ABOUT RIGGS: Riggs Eckelberry, a tech pioneer at the intersection of water & crypto. He is the founder and CEO of the innovative water technology company, OriginClear, which is delivering water solutions for industrial customers worldwide. OriginClear has developed and licensed an invention that treats industrial and agricultural waste water with very little energy, and no chemicals. And now, industrial users can treat their water right where they use it, using prepackaged “point of use” water treatment systems that have an amazing life cycle of up to 100 years or more.
Washington is frantically allocating billions upon billions to water infrastructure funding. But, says Riggs Eckelberry, fast-growing inflation will kill all these massive programs. Sure, they’ll add the cost overruns. But you can't keep up with a runaway train. Riggs has the solution: direct, local, decentralized action. His prefab, modular water systems can be delivered directly to industry with no money upfront, just pay by the gallon, on long- term contracts that are indexed for inflation.
Here’s the twist: Riggs intends to pay investors their continuing profit shares in Non-Fungible Tokens (NFTs). Given the 50-year plus lifecycles of these systems, he expects a huge premium on these NFTs, and they will be tradeable. Riggs predicts this could scale up into the first global water marketplace, potentially supporting subsidized projects in poverty-stricken areas. Is this science fiction? Ask Riggs and find out.
Riggs was once a happy tech executive. In 2005, he helped take a security software company public as its president. Then, he pitched a fund and─long story short─Riggs ended up as CEO of a small public company working to disrupt industrial water, a huge, but slow-moving trillion- dollar global market. Riggs is uniquely qualified to disrupt this industry, having learned management in the nonprofit space, captained oceangoing ships, and achieved several tech exits during the dot-com boom.
Connect with Riggs and learn more about OriginClear at originclear.com
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MUSIC CREDIT: Theme music for The Business Equation Podcast - Never Forget by Gareth Johnson & Chris Bussey, via www.audionetwork.com