(Originally published on Teknovation.biz)
By Tom Ballard, Chief Alliance Officer, PYA
It’s always good to see progress being made at start-ups that we have followed since launching teknovation.biz in January 2012, and that was the case at last week’s annual “Opportunities in Energy” forum hosted by the Tennessee Advanced Energy Business Council (TAEBC).
Michael Garrabrant, Chief Executive Officer of Stone Mountain Technologies Inc. (SMTI), told attendees that the 10-year old company now has 16 engineers and technicians on the staff, has produced 30 prototypes, and will have a dozen of its thermal compressors deployed as a key component of gas heat pumps for space, water and pool heating made by the end of the year.
“Everyone likes to come home to a nice warm house and hot shower,” the Johnson City-based Entrepreneur said. SMTI is one of the participants in TAEBC’s “Energy Mentor Network,” a program funded by Launch Tennessee.
Garrabrant says the technology that he has been developing since founding the company in 2008 is relevant for residential and light commercial. The thermal compressors will be manufactured by SMTI but deployed as part of a heat pump or other device produced by an original equipment manufacturer (OEM).
Read more here.