World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom

Products

Keep up-to-date with the latest new products and technology

Features

General articles, applications and industry analysis

SkyCool firm secures $5m funding

USA: SkyCool Systems, the California-based manufacturer of radiative cooling panels, has secured $5m of funding to scale deployments of its patented technology. 

The SkyCool technology is focused on reducing energy use and improving comfort. SkyCool has two product lines: a thin film which can be applied to outdoor sky-facing surfaces and a panel product used to passively cool fluids. The thin film product, when applied to a roof, can keep it cooler than the ambient temperature, even under direct sunlight. The panel product can significantly improve the energy efficiency of commercial AC and refrigeration equipment.

Along with its fundraise, SkyCool has announced the appointment of Arjun Saroya as its new CEO. Saroya boasts 20 years experience leading engineering, product, business and corporate development within the clean energy sector. As executive vice president of innovation at Lime Energy, he helped build a $140ma year industry leader in energy efficiency solutions for commercial businesses and utility programmes.

Eli Goldstein, the co-founder of SkyCool, will assume the role of CTO, while co-founder Aaswath Raman, now associate professor of materials science and engineering at UCLA, will continue to lead SkyCool’s technical advisory board. Johannes Douma of Nadel and Gussman, the company which led the seed financing round, will join the company’s board of directors.

Development

The $5m seed financing will accelerate the development and commercialisation of SkyCool’s panel and film products. The company is currently focused on deploying panels with grocery stores, refrigerated warehouses, data centres, and other buildings with persistent cooling loads.

The company’s panels were recently installed at a Schnucks supermarket in Illinois in a project with energy company Ameren. The Fairview Heights store is the first of its kind in Illinois, and one of only 20 such systems installed around the world.  The system of panels integrates with the store’s existing cooling systems. Layered, radiative cooling films on the panels act like a mirror, reflecting up to 97% of sunlight back into the atmosphere and improves the operating efficiency of the air conditioning and refrigeration systems by as much as 40%.

Related stories:

$3.5m funding for radiative cooling technology9 February 2021
USA: SkyCool Systems, the manufacturer of radiative cooling panels, has been awarded $3.5m in funding from the US Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E). Read more…

Cooling without electricity – 5 September 2017
USA: Scientists at Stanford University claim to have developed radiative cooling panels that can reduce the temperature of flowing water to 5ºC below ambient. Read more…

New material could reduce air conditioning load – 27 November 2014
USA: Engineers at Stanford University, California, claim to have invented a new mirror-like material which could reduce the air conditioning load of buildings. Read more…

Latest News

20th February 2024

F-gas regulation published in Official Journal

EUROPE: The new F-gas regulation has now been published in the EU’s Official Journal, making it legally binding and entering into force in 20 days.
20th February 2024

Carrier Germany increases heat pump training

GERMANY: Carrier Germany is offering new hydraulics training courses  at its training centre on the IKKE campus in Duisburg to support the growing demand for heat pump expertise. 
20th February 2024

Oceanair acquired by builders’ merchant MKM

UK: Air conditioning and heat pump distributor Oceanair UK has been acquired by MKM, the independent builders’ merchant.
20th February 2024

Carrier to build factory and R&D facility in Saudi Arabia

SAUDI ARABIA: Carrier is to build an advanced manufacturing and R&D facility in Saudi Arabia in a partnership with Alat, a new Riyadh-based public investment fund company.
19th February 2024

BDN offers high level monitoring

IRELAND: The first installation of Bitzer’s Digital Network (BDN) in Ireland is providing high-level monitoring, system diagnostics and optimisation for an award-winning deli food specialist.
19th February 2024

Manchester receives heat pump training boost

UK: A partnership between Daikin UK, the Quantum Group and the Green Skills Academy will deliver heat pump training for college tutors and staff at nine Greater Manchester colleges.