KITCHENER-WATERLOO, ON, July 10,
2024 /CNW/ - Evercloak's ground-breaking HVAC
technology recently received another boost, with $1.1 million in funding from Natural Resources
Canada's Energy Innovation Program (EIP).
The EIP funding supports a $1.8M
project enabling Evercloak to accelerate the development of their
membrane-based system, which can cut the energy required for air
conditioning and dehumidification by up to 50%. According to the
company's founder and CEO, Evelyn
Allen, those reductions will be crucial as global
temperatures rise.
"Air conditioning already accounts for 10 percent of the world's
electricity consumption and associated greenhouse gas emissions,
and we know demand is going to triple by 2050," she says.
"Evercloak's technology offers a huge opportunity to cut energy use
and curb greenhouse gas emissions by efficiently dehumidifying air
prior to cooling."
Traditional cooling systems chill the air until the water vapour
is condensed – a very energy-intensive process. In contrast,
Evercloak's system uses graphene-composite membranes designed to
let water molecules pass through while keeping out the air.
To date, Evercloak is the only company in the world to have
achieved the level of membrane performance and scalability required
to create commercially viable membrane-based dehumidification
systems. This innovative solution can improve the energy efficiency
of HVAC systems without significant changes to infrastructure.
"Evercloak's dehumidification system is an excellent example of
how Canadian innovation is playing a significant role in bringing
the country towards a net-zero economy by 2050," says the
Honourable Jonathan Wilkinson, Minister of Energy and Natural
Resources of Natural Resources Canada. "Companies that invest in
clean technologies are helping to decarbonize industry, limit
greenhouse gas emissions, grow greener communities, and make home
heating more reliable and affordable. I am pleased that NRCan is
supporting projects that support clean innovation, reliable energy,
and economic growth in the Kitchener-Waterloo area."
About Evercloak
Evercloak is revolutionizing how buildings are cooled. As an
award-winning start-up, our aim is to improve indoor air comfort
without further warming the planet. Our refrigerant-free
dehumidification systems, powered by Evercloak's graphene-oxide
proprietary membrane technology can improve building cooling
efficiency by up to 50%. Evercloak is actively partnering with HVAC
manufacturers to rapidly deploy our systems globally. Join us in
shaping a cooler, greener future. To learn more, please visit
https://www.evercloak.com/.
About the Energy Innovation Program
The Government of Canada's
Department of Natural Resources Energy Innovation Program (EIP)
advances clean energy technologies that will help Canada meet its climate change targets, while
supporting the transition to a low-carbon economy. It funds
research, development and demonstration projects, and other related
scientific activities. Managed by the Office of Energy Research and
Development, EIP has an annual grants and contributions budget and
runs targeted calls, and other strategic collaboration and
investments programs. To learn more, please visit
https://natural-resources.canada.ca/science-and-data/funding-partnerships/opportunities/grants-incentives/energy-innovation-program/18876.
SOURCE Evercloak