IN2 Profile: Reducing Energy Consumption through Thermolift’s Heating and Cooling System
Through the Wells Fargo Innovation Incubator (IN²) program, Thermolift will have the opportunity to take their natural gas based air conditioning and heat pump technology and apply it to commercial and residential applications, and reduce fuel consumption between 30-50% while helping to balance the energy grid demand. The IN² program launched in October 2014 and is part of Wells Fargo’s 2020 Environmental Commitment to provide $100 million to environmentally-focused nonprofits and universities. The goal is to create an ecosystem that fosters and accelerates the commercialization of promising commercial buildings technologies that can provide scalable solutions to reduce the energy impact of buildings. According to the Department of Energy, nearly 40 percent of energy consumption in the U.S. today comes from buildings at an estimated cost of $413 billion.
- Research Organization:
- National Renewable Energy Lab. (NREL), Golden, CO (United States)
- Sponsoring Organization:
- USDOE; Wells Fargo, San Francisco, CA (United States); ThermoLift, Inc., Stony Brook, NY (United States)
- OSTI ID:
- 1349807
- Country of Publication:
- United States
- Language:
- English
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