Partners and Supporters

Partners and Supporters

Investors

topspin

Topspin Partners is a private equity firm that focuses on control investments in lower middle-market companies with $2 million to $10 million of EBITDA. They seek to acquire companies that are both defensible and differentiated – that is, (1) the business has characteristics that enable it to compete in the marketplace other than by simply lowering price and (2) its products or services provide a different and, in many cases, unique approach to addressing an existing market need. Topspin was founded on Long Island in 2000 by Leo Guthart, who ran Ademco for 36 years, one of the largest manufacturers and distributors of security alarm products, and Jim Simons, a preeminent quantitative hedge fund manager and founder of Renaissance Technologies.

lian 2

Long Island Angel Network (LIAN) provides access to seed-stage funding for start-ups and early-stage businesses having or willing to make a Long Island home. They provide means for its members – who are accredited investors – to evaluate, exchange information, and participate in investment opportunities. In the past four years alone, LIAN has reviewed 600+ applications for financing from start-up ventures and early-stage companies located on Long Island or potentially willing to relocate to the region; six investments have been closed since 2009. The closed investments, as well as those that have attracted interest, characterize the overwhelming majority of deals reviewed by LIAN.  They are typically in Web-based and information technologies, medical diagnostics, and cleantech sectors.

Development Partners

NYSERDA-Supported

New York State Energy Research & Development Authority (NYSERDA) provided ThermoLift with $482,000 of grant funding through the Advanced Buildings Program. They are focused on supporting companies based in New York with development and manufacturing.

Stony Brook University 3

Stony Brook University provides valuable resources including the experience of their distinguished faculty in thermodynamics, mechanical engineering, and materials science. Together, ThermoLift is working to address the critical technical aspects of combustion, heat transfer, and mechatronic design and control.

US DOE2

U.S. Department of Energy (DOE) provided ThermoLift with $750,000 of grant funding through the Building Energy Efficiency Frontiers and Innovation Technologies (BENEFIT) Program. The DOE is a strong advocate of development and commercialization of this technology.

Supporters

national grid

National Grid provided a support letter and cost share for ThermoLift’s successful DOE grant proposal. They have worked with our engineers on data collection and analysis, as well as gave general advisement relevant to their Energy Efficiency program.

gti

Gas Technology Institute (GTI) provided a support letter for commercialization of ThermoLift’s natural gas driven heating and air conditioning system. Currently, they are developing a Statement of Work for collaboration on prototype projects for combustion and high temperature materials.

Linamar_Logo_Colour

Linamar is a publicly traded manufacturing company which operates worldwide. It is Canada’s second-largest automobile parts HVAC manufacturer, valued at a $8 billion company. Linamar manufactures and supplies automotive and industrial markets with factories across North America, Europe, and Asia.

CPC

Composite Prototyping Center (CPC) provided a support letter and a proposed Statement of Work for the development and incorporation of composite materials into the ThermoLift prototype to decrease cost and weight, and improve durability and manufacturability.

aertc

Advanced Energy Research and Technology Center (AERTC) is home to ThermoLift’s New York office. The Center’s mission is innovative energy research, education and technology deployment with a focus on efficiency, conservation, renewable energy, and nanotechnology applications for new and novel sources of energy.

ehpa

European Heat Pump Association (EHPA) represents the majority of the European heat pump industry. Its key goal is to promote awareness and proper deployment of heat pump technology in the European market for residential, commercial, and industrial applications.

Print

Clean Energy Business Incubator Program (CEBIP) provides assistance and resources for developers of renewable and clean energy technologies. By mentoring entrepreneurs, CEBIP helps them establish successful enterprises to bring their technologies to market.

petro

Petro is one of the largest local home heating oil providers in America, with over 100 years of experience helping customers keep comfortable at home and save on energy costs. Their support will be instrumental when ThermoLift enters the commercialization stage.

wsgr

Wilson Sonsini Goodrich & Rosati (WSGR) is a premier legal advisor to technology, life sciences, and other growth enterprises worldwide. They represent companies at every stage of development, from entrepreneurial start-ups to multibillion-dollar global corporations.

Development and Demonstration

  • DOE and  NYSERDA have provided nearly $1.4M in funding for the continued advancement of TCHP. This collaboration represents a unique relationship that has coupled the expertise and knowledge that exists in federal and state research with the resources and efficiency of the private sector. As a result, ThermoLift is able to tap into a highly specialized resource network of experts that are assisting in making TCHP a success.

  • Composite Prototyping Center (CPC), a local New York facility specializing in the field of composites fabrication for consumer products, has assisted ThermoLift with access to composite prototyping equipment and facility infrastructure for initial experimentation with composite materials. These materials will greatly reduce TCHP system cost and improve durability of system components for commercialization.

  • Stony Brook University (SBU) provides academic engineering resources including access to faculty and student personnel from the College of Engineering and Applied Science. As part of this partnership, ThermoLift and SBU collaborate on research with significant state-subsidized cost-share, providing economical engineering assistance to ThermoLift’s senior level engineers. ThermoLift has a successful history of engagement with SBU including hiring Masters and Ph.D. engineers to assist in thermodynamic analysis and computational simulation. Through the engineering program we have engaged mechanical engineering, electrical engineering, and high-speed computing resources.

  • Hofstra University and ThermoLift formed the Center for Innovation, a strategic research partnership for advanced mechatronic control. The goal is to create collaborative programs that help companies solve their business challenges while exposing Hofstra’s engineering students to real-world applications.  The partnership provides ThermoLift access to expertise in mechatronic system design and control adding to the depth of the team’s capabilities.

  • DOE and  NYSERDA have provided nearly $1.4M in funding for the continued advancement of TCHP. This collaboration represents a unique relationship that has coupled the expertise and knowledge that exists in federal and state research with the resources and efficiency of the private sector. As a result, ThermoLift is able to tap into a highly specialized resource network of experts that are assisting in making TCHP a success.

  • Linamar Corp. is ThermoLift’s manufacturing partner. An $8 billion global manufacturing firm, it provides manufacturing services and expertise through its subsidiary McLaren Engineering. Linamar will be instrumental in the manufacturing of TCHP and ThermoLift will take advantage of their existing facilities and manufacturing capacity for initial production.

  • Gas Technology Institute (GTI), a well-established industry leader with extensive knowledge and expertise in gas combustion systems, is assisting burner system integration and the design of a low-cost combustion system. For 75 years, GTI has been developing solutions for industry, government, and consumers. GTI have provided over $150K in match funding and ThermoLift will look to continue this partnership as we enter commercial burner design.

  • Clean Energy Business Incubator Program (CEBIP), an SBU-affiliated incubator for small start-up companies, provides entrepreneurial mentorship, guidance and direction on strategic plans in addition to assistance in preparing for and locating funding opportunities. Funded by NYSERDA, CEBIP has been in operation since October 2011 and provides assistance and resources to at least ten other renewable and clean-energy technology companies.

National Laboratories

  • Oak Ridge National Laboratory (ORNL) provided third-party validation of the TCHP system as part of ThermoLift’s active DOE grant program in which $200K in funding has been allocated. As part of this program, the generation 3 prototype was delivered to ORNL facilities for laboratory testing and energy performance benchmarking. Results are available in Appendix II. ThermoLift expects to expand on this relationship further as it progresses into later stages of development and commercial implementation.

  • National Renewable Energy Laboratory (NREL) assisted ThermoLift with benchmarking the TCHP system as part of the IN2 Innovation Incubator program in which $250K in funding has been provided by Wells Fargo. ThermoLift worked with NREL personnel to develop a framework for what will be a complete HVAC system model that will take into account environmental factors and system characteristics related to the field operation of TCHP and use it to create a full-system building energy model of TCHP operation.

Domestic and International Utility

  • National Grid, the largest distributor of natural gas in the northeast and a major international utility with more than 11M customers worldwide, represents a key utility partner that can provide a point of access to both the domestic and international natural gas markets, especially with residential customers. National Grid contributed cost-share under the DOE and NYSERDA funding grants.

  • British Gas, UK’s largest gas utility with its own dedicated installer and sales network, can enable ThermoLift to access multiple business streams needed for implementation in a significant export market. ThermoLift maintained discussions with British Gas and was personally invited for a site visit to its Technology Lab in Leicester in 2014. British Gas provided a letter of support for the development of TCHP and is interested in testing the system as well as assisting with U.K. commercial implementation strategy.

  • Par Group, a sizable HVAC installation company servicing mostly commercial buildings in New York City, represents a point of entry into a well-established local commercial market. Accessing the commercial market will be an important milestone in the initial commercialization of TCHP. ThermoLift plans to maintain a close relationship with Par Group to get a better understanding of the HVAC market environment and incentives that exist for commercial consumers.

  • SoCalGas, the primary provider of natural gas to Southern California with a total service area of approximately 21M customers, provided a support letter expressing its interest in TCHP and the advantages it provides. SoCalGas also expressed its interest in hosting a demonstration program at one of its California facilities with potential for more formal collaboration under its RD&D program.

  • FortisBC is an electric power and gas distribution company in British Columbia and a subsidiary of Newfoundland-based Fortis Inc., Canada’s largest private utility company. It provides natural gas, electricity, alternative energy and related services directly to approximately 111,500 customers in BC and approximately 48,500 customers through wholesale supply of power to municipal distributors.

  • ATCO Gas has a presence in most of the Canadian market but is an international mover in the natural gas industry. Based in Alberta, it is that province’s largest distributor of natural gas and serves more than 1.1 million customers.

  • Northwest Energy Efficiency Alliance, is a Utility Consortium based out of the U.S. Northwest, representing more than 140 utilities and energy efficiency organizations working on behalf of more than 13 million energy consumers.  The Consortium is the first regional effort to drive natural gas market transformation in the country and ThermoLift has initiated discussions with it to demonstate TCHP units at its member utilities.

  • ConEdison, one of the largest investor-owned energy companies in the U.S. with approximately $13B in annual revenue and major operations in New York, represents a utility network that can provide access to the local customer base during initial phases of commercialization. ConEdison provided a letter of support and encouraged ThermoLift to pursue its Reforming Energy Vision (REV) initiative supporting the development and funding of technologies that have the potential to reduce electric load during peak periods of consumption. ConEdison also expressed interest in hosting a demonstration project at either a local company facility or customer site.

  • PSEG-LI, an energy company with annual revenues of $10B, represents another utility network that can provide access to the local customer base. As both a natural gas and electric utility, PSEG-LI is interested in the capability of TCHP to offer load balancing during peak times of consumption, which has become an important issue in dense suburban areas the company serves. To date, ThermoLift as had multiple high-level discussions with PSEG-LI officials and plans to continue to develop this relationship as it enters initial commercialization including small scale deployment.

  • Petro (Star Gas) is a major HVAC service provider in the U.S. that routinely performs over 10,000 heating system installations per year including many oil-to-gas conversions. Petro represents a major network installer that can assist ThermoLift in accessing the local residential market including on-site system installations. Petro provided a letter of support for future research, development, and testing of TCHP. ThermoLift anticipates engaging with Petro in a more formal partnership for the installation of its product in the customer network it services.

  • DTE Energy, a utility located in Michigan comprised of 2.1M electric and 1.2M natural gas customers, supplied a letter of support highlighting the company’s interest to assist ThermoLift in the testing and commercialization of TCHP. DTE Energy invited ThermoLift to its headquarters on multiple occasions and ThermoLift plans to pursue this relationship further in the future during later stages of development and commercial deployment as a potential access point to the Midwest market.

  • Enbridge is a Canadian multinational energy transportation company based in Calgary, Alberta focusing on the transportation, distribution and generation of energy, primarily in North America. The company serves about 3.7 million retail natural gas customers in Ontario, Quebec, New Brunswick and New York. It is regularly ranked on the Global 100 Most Sustainable Corporations index.