Thermal Energy Systems raises £300K to cut CO2 from air conditioning

Investment

Thermal Energy Systems Ltd (TESL) has raised £300,000 funding from a consortium of investors for the further development its novel sorption cooling concepts to reduce the contributions of air conditioning and refrigeration to climate change.

The new systems replace hydrofluorocarbon refrigerants with CO2 in combination with various sorbents.

The £300,000 investment will support the development of a customer demonstration rig at the company’s base in Runcorn, UK.

The key benefit of TESL’s air conditioning and refrigeration equipment is that it utilises existing commercial components, allowing the industry to introduce units without the need for extensive retooling of production facilities and thus reducing both development costs and time to market.

The funding round comprised £125,000 from the national public UK fund Nesta, with the remainder coming from the Liverpool Seed Fund and Enterprise Ventures.

TESL Director, John Poole, said, “We are delighted to receive this funding at a critical stage in our product’s development.  This funding will allow us to take forward our cutting-edge idea and turn it into a physical demonstration model which is already receiving substantial interest from the industry.”