Phase Change Energy Solutions
Leader in the development of innovative energy-efficiency and thermal storage solutions that harness the power of phase change materials.
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| - | investor investor investor | €0.0 | round |
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| Total Funding | 000k | ||
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Established in 2011, Phase Change Energy Solutions (PCS) operates as a smart materials company focused on thermal energy management. The company was co-founded by Dr. Reyad Sawafta and Byron Owens and is headquartered in Asheboro, North Carolina, with a 130,000 sq. ft. R&D and manufacturing facility. The firm has secured a total of $27.5M in funding across 10 rounds, with its latest Series C round in August 2022 led by GAF, North America's largest roofing manufacturer. This strategic partnership with GAF aims to integrate PCS's technology into building and construction materials to enhance energy efficiency.
The core of the company's business is its proprietary BioPCM® technology, a patented family of plant-based, non-toxic phase change materials (PCMs). These materials are engineered to absorb and release large amounts of thermal energy at specific, predetermined temperatures, typically ranging from -75°C to 175°C. Unlike traditional PCMs that shift from solid to liquid, BioPCM® transitions from solid-to-gel or solid-to-solid, storing latent heat in the process. This process helps stabilize indoor temperatures, reducing the operational load and energy consumption of HVAC systems by up to 35%. The material, certified by the USDA as 100% biobased, is designed for a long lifespan and numerous phase change cycles without performance degradation.
PCS serves a diverse client base across several industries, including building and construction, cold chain logistics for pharmaceuticals and food, data centers, and telecommunications. The business model involves manufacturing and selling BioPCM® products, such as the ENRG Blanket, which is a sheeting material containing pockets of the phase change material. These products are installed in building envelopes, like above ceiling tiles, to absorb and release heat, thereby moderating temperature fluctuations. The company has completed over 20,000 projects and has received recognition for its contributions to sustainable technology, including being named a 2020 Global Cleantech 100 company.
Keywords: phase change materials, thermal energy management, BioPCM, energy efficiency, sustainable materials, building insulation, cold chain logistics, HVAC reduction, decarbonization, smart materials