Bill Gates venture backs effort to bring aircon startup to market
A fund founded by Bill Gates is leading a $20 million investment round into an aircon startup which promises to slash the carbon impact of keeping people cool on a heating planet.
The cash is designed to get to market aircon units from Blue Frontier, which bases its approach on removing moisture from the air and doing the most work when electricity is cheap and more likely green at source. The company claims to reduce the greenhouse gas emissions from aircon by 85 per cent. Gates' Breakthrough Energy Ventures is joined by 2150 Urban Tech Sustainability Fund and VoLo Earth Ventures in investing in Modern Niagara, the commercialization partner backing Blue Frontier in the hopes of bringing the technology to market.
The problems of aircon in terms of climate change are two-fold. Not only is the electricity needed for air cooling a major source of carbon emissions –– as carbon emissions warm the planet, but at the same time, more people also require aircon and installed aircon is worked harder, more often. To try to crack this spiralling impact, Blue Frontier has developed a technology which relies on liquid desiccants – substances which remove moisture from the air. The air is subsequently cooled by indirect evaporative cooling.
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