Kitchener-based clean-tech startup Evercloak has raised $2 million to accelerate the commercialization of its breakthrough HVAC technology that cuts the energy demands of air conditioning in half.
The company was co-founded in 2018 by Waterloo Engineering associate professor Dr. Michael Pope in the Department of Chemical Engineering.
The investment from Bioindustrial Innovation Canada, Greensoil Proptech Ventures, GroundBreak Ventures, Ontario Centre for Innovation (OCI) and angel investors will support Evercloak's plans to scale up production of its membrane technology to enable energy efficient building cooling.
Due to the membranes’ unique properties, water vapour can be removed from the air without having to condense it — unlike today's refrigerant-based technology — making cooling more efficient.
Evercloak will use the funding to increase production and distribution of its membranes. By developing a way to manufacture graphene composite membranes at scale, the company has turned the theoretical potential of membrane-based dehumidification into a viable commercial option. In summer 2023, field trials of two demonstration units proved how well they perform. Now, the company is preparing to bring their solution to the market.
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