Perhaps I’ve been in tech for too long but isn’t $75M peanuts in the scheme of things?
> Today, the U.S. Department of Energy (DOE) announced renewed funding for the National Alliance for Water Innovation (NAWI), DOE’s energy innovation hub for desalination. With $75 million over five years for this second phase of the Hub, NAWI will continue to bring together a team of industry and academic partners to examine the critical technical barriers and research needed to radically lower the cost and energy of water purification technologies.
Tech analogy: $75M is a massive angel round, small Series D.