ThermoLift Secures $1.5 Million in Financing

ThermoLift, Inc - Stony Brook, NY

May 06, 2013

ThermoLift, an incubator tenant at the NYSERDA-sponsored Clean Energy Buisness Incubator Program (CEBIP), raised a $1.5 million seed round from Long Island investors, including the Long Island Angel Network. ThermoLift's highly efficient natural gas-driven thermal air conditioner and heat pump has the potential to revolutionize the HVAC industry by reducing carbon footprint at competitively low costs, resulting in a 30% to 50% reduction in fuel consumption in residential and commercial heating and cooling systems. In 2014, the company won the Future Energy Pitching Session at the ARPA-E Energy Innovation Summit.

For more information, read:

• Heat pump firm poised to get up to $1.5M from LI investors

ThermoLift, Inc
209 Advanced Energy Center
1000 Innovation Rd.
Stony Brook, NY 11794-6044