ThermoLift started as a conversation between friends, Dr. Peter Hofbauer and Paul Schwartz. The two met one day in early 2012 to discuss an HVAC technology that could change the way buildings use energy. Hofbauer said that “it was a crying shame the technology isn’t being developed!” With that, Paul stopped what he was doing and got to work in his Long Island basement on a plan to bring the technology to market.
Today, ThermoLift is based in the Advanced Energy Center at Stony Brook University, has an engineering center in Livonia, MI, and has raised over $21 million in funding, including grants from both the U.S. Department of Energy and the New York State Research and Development Authority. The ThermoLift system is a natural gas-driven air conditioner and cold-climate heat pump that can replace building heating, cooling, and hot-water systems with a single device. It can provide a 30-50% reduction in building heating and cooling energy consumption and costs, as well as associated reductions in greenhouse gas emissions.