After a rigorous selection process, ThermoLift is pleased to announce that we have been selected as a finalist to compete in the 6th annual Clean Energy Trust Challenge, the largest cleantech single-day pitch competition in the nation. The Clean Energy Trust is an impact investor that fuels innovation and launches, funds, and grows early-stage clean energy startups in the Midwest. Out of over sixty entries, we were chosen to compete against fifteen other cleantech startups on Tuesday, April 12 at the full-day event in Chicago. As finalists, we will present our business plan to top cleantech industry investors and venture capitalists for a chance to win up to $1 million in funding – a record amount for the Clean Energy Trust Challenge.
Wells Fargo & Co. (WFC) selected ThermoLift among six clean technology startup companies to join the Wells Fargo Innovation Incubator (IN2), a five-year, $10 million program which is helping accelerate innovative environmental technologies. The six early stage companies – two in California and one each in Illinois, Indiana, Massachusetts, and New York – are joining the Innovation Incubator to refine their potentially game-changing technologies for the commercial buildings marketplace. ThermoLift is excited to begin this venture with Wells Fargo to further the development of the Ultimate Heat Pump.
ThermoLift has been selected as a winner of the 2014 Defense Energy Technology Challenge, awarded at the Defense Energy Innovation Summit and Showcase. The Summit focuses on uniting emerging energy companies and defense leadership to discuss global innovation ideas. The mission is to help accelerate state-of-art technology solutions in support of national security and the warfighter.
At the 2015 Clean Tech Open Northeast Finals, ThermoLift was presented the Audience Choice Award, after receiving the most votes from the live audience. More than 300 people from across the region, including entrepreneurs, business leaders and public officials attended the event, which was held October 28th at the Boston University School of Management. The Clean Tech Open is a national competition aimed at connecting cleantech startups with the people and resources that will accelerate their success, and provide a national platform for public visibility.
ThermoLift was recently featured in American Gas Magazine, which is the monthly magazine of the American Gas Association. American Gas Magazine provides natural gas industry professionals with the information they need to enhance their effectiveness and that of their companies by publishing leading-edge reports on the industry and on American Gas Association activities that offer value to its members. The article, titled “A Cool New Market”, discusses our recent grant from the US Department of Energy as well as a brief synopsis of the history of our company.
ThermoLift recently won the Ultra-Light Startup’s Future Energy Competition held at the ARPA-E Energy Summit near Washington, D.C., beating out more than 200 competitors. The Future Energy Competition highlights clean-tech industries which are dedicated to providing solutions towards the world’s energy challenges. Possible investors include well-known corporations, such as Shell International, providing financing opportunities for funding for research and business start-ups.
ThermoLift is pleased to announce commitments of up to $1.5M in funding from Long Island investors. ThermoLift, based in the Advanced Energy Research and Technology Center at Stony Brook University, is refining the technology for a natural-gas-powered heat pump with the goal of sharply cutting home energy costs. The Angel funding will go toward developing a version with electronic controls and the ability to cool and heat homes using natural gas, as well as provide hot water.