Allegiant H2O

Allegiant H2O (also presented as H2O Allegiant) operates Hydrous Flow, an agentic-AI platform for industrial water and wastewater projects. The platform is organized around four user groups that the company says normally operate separately: end users (facilities that generate water or wastewater), water technology and solutions providers, field partners and operators, and investors. Facilities begin with a free audit in which an agentic AI workflow reads facility data and returns a directional diagnosis; subsequent steps include a deeper technical and operational assessment, a curated match that pairs conceptual engineering suggestions, compliance and regulatory review and ROI analysis with vendors from a curated technology portfolio, then financing visibility plus installation and O&M through qualified operators, with a field partner managing the engagement to close. The company states that conceptual engineering is provided as a suggestion rather than stamped engineering, with formal engineering referred to a third-party professional engineer or Ibyma LLC.

The curated portfolio is described as exclusive rather than an open marketplace, with one selected partner per process category. Categories span separation and removal (oil and organics removal, oil/water separation, heavy metal removal), filtration and purification (ceramic ultrafiltration/microfiltration, reverse osmosis, demineralization and polishing, oxidation and disinfection), and intelligence and infrastructure (water monitoring IoT, atmospheric water generation described as adjacent and early-stage, leak detection and repair, engineering and integration, and water benefits certification using the VWBA 2.0 methodology). The stated end goal for client facilities is "water positive" status — returning more water to the environment than is consumed — reached by drawing less freshwater, discharging less waste and lowering operating cost.

A separate public listing describes Allegiant H2O as building a global network connecting investors with water projects and bridging the gap between the technology those projects require and financing solutions, with the aim of accelerating development of water projects worldwide.

Founding story

The company cites a 15-year operating track record originating with Ibyma S.A. de C.V., founded in Mexico in 2010 by Juan Pablo Rivero, an industrial engineer from Universidad Iberoamericana with more than 15 years leading water, energy and environmental project development. Ibyma is described as having delivered more than 50 projects across six countries and raised over $20M in equity and project finance, with clients including PPG Industries, Coca-Cola, Spring Air and Procter & Gamble. Rivero is credited with three corporate exits: the sale of Propela Capital to Encore Capital Group (2015), the sale of Enerxico to TecMed/Urbaser (2017) and a stake sale in Continental Water Recycling (2025).

Business model

The platform intermediates between facilities with water problems and the parties needed to solve them. Facilities enter through a free, no-commitment audit and progress through in-depth assessment, a curated technology match and financing; technology and solutions providers receive pre-qualified deal flow, applied engineering support and financing visibility; field partners and operators manage client projects, installation, service and maintenance; investors receive deal flow with due diligence built in.

Traction

The company site lists selected engagements with project names withheld: a powder-membrane system treating produced water in Midland, Texas to under 1 mg/L TSS, under 1 NTU turbidity and under 1 ppm oil, described as helping secure $9M in funding for broader deployment; a zero-discharge wastewater and sludge project in the State of Mexico that cut sludge moisture from 95% to 32% with a 12.7-month payback; an electrochlorination-based on-site disinfection retrofit at a Riviera Maya resort's reverse osmosis system; and a new wastewater recycling plant in Puebla recycling nearly 4,000 gallons per day for vehicle washing and irrigation while reusing sludge as bio-fertilizer.

Latest developments

The company presents Hydrous Flow as its current product, offering free facility audits for end users, applications to join the curated technology portfolio or to become a field partner, and access to the full financial model and deck for investors.