Blue Frontier , Inc ., the innovator in ultraefficient sustainable air conditioning technology , announced that it has raised a USD 20M Series A equity investment led by Bill Gates-founded Breakthrough Energy Ventures , 2150 Urban Tech Sustainability Fund and VoLo Earth Ventures . Blue Frontier ’ s commercialization partner , Modern Niagara , also participated in the funding round . The Series A financing will accelerate Blue |
Frontier ’ s ability to bring its product to market , thereby helping to propel the company towards its goal of creating gigaton reductions in greenhouse gas emissions by decarbonizing building cooling . Climate change and extreme heat conditions have led to increased demand for air conditioning , with AC systems becoming the fastest-growing use of electricity in buildings across the world . |
In fact , electricity use for air conditioning currently exceeds the world ’ s capacity to deploy renewable energy and storage systems , and yet , no meaningful changes or improvements to air conditioning technology have been made in more than 100 years , until now . Blue Frontier ’ s AC system reduces electricity use by up to 90 % by combining dew-point-style sensible cooling with liquid desiccant dehumidification . The |
desiccant is recharged and stored when electricity is the cleanest or lowest cost , and later used to deliver cooling when electricity is dirty or costly . Blue Frontier ’ s systems address every major issue associated with presentday air conditioning with a groundbreaking replacement for Packaged Rooftop Units that dominate the commercial buildings air conditioning market . |