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Did you know that there is eight times as much water in the atmosphere as there is in all of the world’s rivers? I didn’t, but you probably do know that water is becoming an increasingly scarce commodity in many parts of the world.

Therefore, the answer to the world’s water problems could, quite literally, be pulled out of thin air. This, at least, is the hope behind an innovative new company, Element Four, which has manufactured the “WaterMill”—a device it hopes will become the first mainstream household appliance to have been invented since the microwave.

At $1200, the technology is still expensive—especially in these lean economic times—but it will undoubtedly drop and, as it does, it stands a realistic chance of becoming a household appliance in some regions of the world.

If the idea sounds crazy, ask yourself this: Twenty years ago would you ever have imagined people would willingly pay $3 for a bottle of water?

Interested in other articles about the future of the home by America’s leading futurist, Jack Uldrich? Check out these recent articles:

The Future of the Kitchen

Throw Out the Kitchen Sync

The Future of Construction is Three-Dimensional