Genesis Systems LLC, an advanced technology company that aims to solve global water scarcity, will relocate its HQ from Kansas City to Tampa.
It plans to launch its first line of products in Tampa – products that create water out of thin air.
“Genesis vetted multiple cities across the country to answer which city would provide our unique mission to solve water scarcity with the best talent and the best lifestyle to support the talent we attract,” CEO Shannon Stuckenberg said in a news release. “Our people are heroes solving hard problems for all humanity. They deserve to live in a city that supports them. In the final analysis, there wasn’t even a close second. Tampa won hands down.”
Genesis Systems has developed a new atmospheric water generation (AWG) proprietary technology that produces tens of millions of gallons of fresh water per day while consuming far less energy per gallon than any current water purification system.
The technology, Genesis Systems’ WaterCube system, is roughly the size of a shipping container and can be deployed anywhere.
Its water system – running entirely on green energy and renewables – is the only technology in existence that can provide up to 10 million gallons of water per day with no access to a water source required, according to the company’s description.
The company has plans to fabricate the WaterCube in Tampa and is currently evaluating real estate options, according to the release.
The company is planning to raise a Series A funding round of about $200 million, which would value the company at more than $1 billion, according to multiple reports.
The company has 20 team members and plans to add 125 new jobs in Tampa over the next five years. The new positions include C-level executive roles, roles for engineers (civil, mechanical, chemical and design), technicians. assembly workers, project managers and others.
“With sustainability and resilience as one of our city’s strategic goals, which includes improving water resiliency, I am extremely excited to welcome Genesis Systems to Tampa,” Mayor Jane Castor stated in the release.