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.
Work begins on Gen 1 – TCHP™ prototype, which would demonstrate the fundamental thermodynamics and unique thermal compression concepts of the system.
▪ DOE and NYSERDA funding $1.3 million
▪ Series A investor funding $1.7 million
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.
Wells Fargo funding grant $250,000.
ORNL and NREL visit ThermoLift for inhouse testing of the Gen 2 TCHP prototype.
Series A-1 investor funding $5.9 million.
Work begins on Gen 3 TCHP™ prototype, this generation focused on system, burner and mechatronic strategies to improve power and load response.
Series B investor funding $8.2 million.
Demonstration test at ORNL achieved heating COP of 1.5 at 8˚C and natural gas driven cooling to -100°C (approximately -150°F).