ThermoLift and Gas Technology Institute (GTI) have engaged in a second contract for collaboration with sponsorship funding from Utilization Technology Development (UTD) – a collaborative partnership of 18 natural gas distribution companies serving 40 million gas customers in the Americas and Europe. GTI will work with ThermoLift to further enhance the combustion system of ThermoLift’s patented technology, a combined natural gas air conditioner and cold-climate heat pump system.
GTI is a leading research, development and training organization that has been addressing energy and environmental challenges for 75 years. “GTI is looking forward to continuing our relationship with ThermoLift to deliver an optimized combustion design for volume production,” said William Liss, GTI’s Managing Director of Energy Delivery & Utilization.
“This cooperation is paving the way for ThermoLift to move from development to commercial production by bringing the power of utilities into the equation,” remarked Bob Catell, former Chairman of National Grid U.S., CEO of KeySpan, and current chairman of the Advanced Energy Center at Stony Brook University. UTD is at the forefront of research, development, and deployment for end-use equipment and appliances and sponsors a wide-ranging program to enhance the use, reliability, and efficiency of natural gas technologies to benefit ratepayers, utilities, and the environment.
“The three-way collaboration of innovator, gas research institution, and utilities demonstrates the broad and diverse spectrum of interest in our cost-effective HVAC technology,” said Paul Schwartz, CEO and Co-Founder at ThermoLift. “Our engagement with utilities addresses an important piece of our market strategy and further highlights industry support for our HVAC solution to address issues such as peak demand and load balancing.”
ThermoLift is developing its patented Thermal Compression Cycle (TC-Cycle™) invented by company President and Co-Founder Prof. Dr.-Ing. Peter Hofbauer. The TC-Cycle™ technology is a natural gas air conditioner and cold-climate heat pump that combines heating, air conditioning, and water heating into a single appliance. The technology is anticipated to provide a 30-50% reduction in building HVAC costs while having relative reductions in associated greenhouse gas emissions.
ThermoLift is headquartered at the Advanced Energy Research and Technology Center (AERTC) in Stony Brook, New York and receives business development support from Stony Brook University's Clean Energy Business Incubator Program (CEBIP). ThermoLift has received grant funding from the DOE, New York State Energy Research and Development Authority (NYSERDA), the Wells Fargo IN2 Incubator and private capital from TopSpin Fund and the Long Island Angel Network.