Our Story

Our Story

  • 2012

    ThermoLift founded by Peter Hofbauer and Paul Schwartz.
    The company was founded by Paul Schwartz, and Prof. Dr.-Ing. Peter Hofbauer in 2012 when informal discussions led to the realization that there was a tremendous unmet need in the HVAC industry.
  • June 2013

    Work begins on Gen 1 – TCHP™ prototype, which would demonstrate the fundamental thermodynamics and unique thermal compression concepts of the system.
  • August 2013

    ▪ DOE and NYSERDA funding $1.3 million
    ▪ Series A investor funding $1.7 million
  • October 2015

    Work begins on Gen 2 – TCHP™ prototype, with thermodynamic concepts validated, the 2nd generation prototype focused on component optimization, improved system design, and utilization of low-cost production.
  • February 2016

    Wells Fargo funding grant $250,000.
  • October 2016

    ORNL and NREL visit ThermoLift
    ORNL and NREL visit ThermoLift for inhouse testing of the Gen 2 TCHP prototype.
  • December 2016

    Series A-1 investor funding $5.9 million.
  • January 2017

    gen 3 croped
    Work begins on Gen 3 TCHP™ prototype, this generation focused on system, burner and mechatronic strategies to improve power and load response.
  • March 2018

    Series B investor funding $8.2 million.
  • July 2018

    Machine Freezing Over at ORNL
    Demonstration test at ORNL achieved heating COP of 1.5 at 8˚C and natural gas driven cooling to -100°C (approximately -150°F).
  • October 2018

    Work begins on Gen 4 TCHP™ prototype.

    Work begins on Gen 4 TCHP™ prototype.