SoCalGas joins the California Energy Commission in the demonstration of a new ultra-efficient water heater, space cooler developed by SMTI

Restaurants use a lot of energy to not only prepare and cook food, but to cool kitchens, dining rooms, and other spaces. A new high efficiency, ultra-low emissions commercial water heating and space cooling unit, which begins field demonstrations at two Southern California restaurants this week, could dish out energy savings, lower operating costs, and reduce greenhouse gas emissions for foodservice and hospitality facility operators.

The new technology uses a thermally driven heat pump fueled by natural gas or propane to capture ambient energy, achieving a heating efficiency of 140 percent or greater. It is projected to reduce energy use by 30 to 50 percent compared to standard natural gas water heaters. The highly-efficient heat pump also provides space cooling simultaneously, which reduces the need for air conditioning and can help lessen electricity use.

Stone Mountain Technologies, Inc. (SMTI) developed the new heat pump by redesigning heat pump technology traditionally used for cooling and focusing it on heating with cost-effectiveness and scalability in mind. GTI is leading the demonstration, and AO Smith Corporation is also providing support. Project funding was awarded by the California Energy Commission and Southern California Gas Company (SoCalGas) research and development funds authorized by the California Public Utilities Commission.

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TAEBC attends, sponsors 2nd annual Innovation & Entrepreneurship Week on the Hill

TAEBC attended and sponsored Launch Tennessee’s 2nd Annual Innovation & Entrepreneurship Week on the Hill in Nashville Feb. 19 to 20. This gathering was hosted by Launch Tennessee and several organizations across the state as an opportunity for entrepreneurs and innovators to speak with legislators and promote innovation in the statewide economy.

Policy makers, legislators, and key stakeholders kicked off Week on the Hill celebrations of entrepreneurship and innovation at a reception the evening of Feb. 19. The next morning, TAEBC and other sponsor organizations spoke to attendees before launching into a day of meetings.

Vice President of TAEBC Cortney Piper and CEO of Stone Mountain Technologies (SMTI) Michael Garrabrant attended and spoke with state legislators and policymakers about TAEBC’s mission and the benefits of advanced energy entrepreneurship and innovation for Tennessee’s economy.

In these meetings, they discussed TAEBC’s 2018 Tennessee Advanced Energy Economic Impact Report to provide further context for decision makers regarding the state’s advanced energy sector. Michael also emphasized the importance of the Energy Mentor Network as its second graduate and SMTI’s cost-effective, advanced heating technologies, along with his commitment to grow his manufacturing company in Northeast Tennessee. SMTI’s products seek to lower energy costs, improve comfort, and reduce CO2 emissions.

Throughout the day, they met with representatives Lt. Governor Randy McNally, Rep. John Holsclaw, Sen. Rusty Crowe, Rep. Rick Staples, Rep. John Ragan, and Sen. Becky Duncan Massey. They also met with Allen Borden, the deputy commissioner of business, community and rural development, and Tony Niknejad, the policy director for Governor Bill Lee.

EMN company Stone Mountain Technologies closes multi-million dollar Round-A investment

Energy Mentor Network company Stone Mountain Technologies Inc. (SMTI) has closed on a Round-A investment vehicle with a strategic investor.

The multi-million dollar capital infusion will allow SMTI to increase development velocity of its ultra-high efficiency space and water heating technology, supplementing the recently announced $2.7 million grant from the US Department of Energy.

“In addition to the capital investment, our new strategic partner brings high volume and quality HVAC component manufacturing expertise to the table, which will smooth our transition from R&D to manufacturing over the next 24 to 30 months,” said Michael Garrabrant, President & CEO of SMTI. “We have a shared vision the technology under development at SMTI will be a major player in the global space and water heating market in the near future.”

Stone Mountain Technologies, based in Johnson City, Tennessee, is an early-stage venture developing the next generation of high efficiency heating appliances for homes and businesses. SMTI’s technology, based on its gas absorption thermodynamic cycle, can be harnessed across a wide variety of applications, including space, water, and pool heating.

SMTI is developing partnerships with original equipment manufacturers that sell heating appliances such as furnaces, boilers, and water heaters. SMTI will manufacture its core enabling technology in Tennessee. This enables OEMs around the world to offer customized appliances to their customers with total fuel efficiencies of approximately 140% and outstanding economics.

EMN company Stone Mountain Technologies Inc. awarded DOE BENEFIT funding award

The Building Technologies Office (BTO) announced it is investing up to $15.8 million in 13 projects, including EMN Company Stone Mountain Technologies Inc.’s HVAC&R project, that will drive innovation in early-stage research and development for advanced building technologies.

These innovations will serve as a foundation for future technological developments and reductions in building energy consumption. DOE has said the outcomes and advancements of the selected technologies will ultimately result in improving the efficiency of our nation’s buildings and will help Americans save energy.

The Building Energy Efficiency Frontiers & Innovation Technologies (BENEFIT FOA) awards this year span the building technology innovation spectrum, from novel materials exploration that will lead to more efficient insulation and windows, to exploration and validation of both electric- and fuel-driven hybrid vapor compression technologies for more efficient heating, ventilation, air conditioning, and refrigeration (HVAC&R), as well as advanced control algorithms, modeling, and analytics for reducing the power consumption of miscellaneous electric loads (MELs).

Stone Mountain Technologies Inc. will validate and analyze a gas-fired absorption heat pump that uses an ammonia-water absorption cycle.

SMTI is a leading developer of cost effective, next generation heating technologies using sorption heat pump cycles. The company’s “thermal compressor” products enable a major leap forward in the way homes, businesses, and water are heated, reducing energy costs, improving comfort, and lowering CO2 emissions.

TAEBC is currently accepting applications from Tennessee advanced energy companies to apply for the Energy Mentor Network program. If you are interested in this opportunity, please visit the “For Startups” section of the Energy Mentor Network portion of TAEBC’s website.