Tucson, Arizona-based Tempronics, a company developing solid state electronics to convert heat into electricity and vice versa, has raised $2.7 million in a Series A financing, led by San Francisco venture capital firm Nth Power.
Concurrent with the funding, Matt Jones and Brian Walsh from Nth Power will join the Tempronics board of directors.
Tempronics is commercializing a solid state thermoelectric technology that it says can boost performance. The company is currently talking with several design and integration companies around end applications that include: solid state cooling and freezing, and solid state waste heat recovery and renewable power generation.
“Thermoelectric devices have the potential to be lower cost, more reliable, lighter, smaller and more environmentally friendly than many of today’s rotating machines used for cooling and power generation, including: compressors, gas turbines, steam turbines and electrical generators,” said Tarek Makansi, CEO of Tempronics.
Today, most thermoelectric research efforts focus on creating new materials that have incrementally better thermoelectric properties. Over the past ten years, these efforts have yielded only modest improvements in performance and, many times have resulted in higher costs due to complex manufacturing requirements. In contrast, “we found Tempronics’ approach to be both exciting and unique because it dramatically improves the thermoelectric performance of a wide range of proven materials while leveraging existing high volume semiconductor processes,” said Brian Walsh, Senior Associate, Nth Power.
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