Danfoss, a global provider of energy-efficient power systems, has invested in Nelumbo, an innovator of heat transfer surfaces. The companies are working together to develop an improved heat exchanger platform with better efficiency and corrosion resistance in HVAC systems.
“We are excited about the potential Nelumbo holds for heat exchangers and the broader HVAC market," says Jürgen Fischer, president of Danfoss Cooling Segment.
Cyclotron Road Cohort Three fellows Lance Brockway and Dave Walther co-founded Nelumbo in 2015, along with Liam Berryman. Nelumbo is poised to markedly improve energy performance and prevent corrosion in HVAC-R systems—contributing to significant reductions in carbon emissions and energy use worldwide.
"Nelumbo and Danfoss are breaking through the fundamental challenges that heat exchangers face today. Together, we can deliver unique functionality to customers and significantly raise the bar for what these products can do. I am very excited to see our partnership make a lasting impact on the HVAC market,” says Berryman, Nelumbo CEO.
Nelumbo has won numerous awards, including a $1M dollar DOE NETL grant, the $100K Cleantech University Prize, the 2016 Western Regional Cleantech Open, and the National Cleantech Open Emerging Technology Award. The company is also a Prospect Silicon Valley portfolio company and a Kairos K50 company.
Nelumbo recently closed a $5.5M Series A financing round and opened an 8000 sq. ft. production and development facility in Hayward, Calif. This facility will allow the company to operate a full-scale pilot plant and grow the team for continued development into other markets. Nelumbo has also added a scientist and two engineers to the team in the last month with plans to add four more employees before the end of the year.
Photos by Paul Mueller