FRESNO, Calif. – On March 26, 2021, the California Energy Commission (CEC) awarded Stasis Energy Group, a Water, Energy and Technology (WET) Center Member, just over $1.6M for their thermal energy storage system (TESS) for packaged HVAC systems. The award is the result of “BRIDGE 2020: Bringing Rapid Innovation Development to Green Energy” (GFO-20-201), a competitive solicitation to fund continued technology development in either applied research or demonstration and deployment for the most promising energy technologies. The grant award includes significant matching funds that brings the total amount for the project to just under $3 million.
“We are beyond ecstatic and grateful to the CEC for recognizing our potential!” said Rob Morton, CEO of Stasis Energy Group. “With this award, we plan to deploy our HVAC technology into disadvantaged communities across California, specifically in the Central Valley. Installing our system, in partnership with real estate owners, HVAC tradespeople and energy bill payers, we are reducing HVAC energy capacity charges by 75% and energy usage by 25% from thermal storage cooling. While California continues to work towards its ambitious goals of 100% renewable and zero-carbon energy resources by 2045, our hope is that we can help meet that need through load reduction while also creating good-paying HVAC retrofit jobs in California and assisting disadvantaged communities to reduce their energy bills without sacrificing temperature control in their buildings.”
In 2020, California suffered Public Safety Shut Offs, due to high temperatures driving air cooling usage up and energy supply not meeting the energy need. Stasis provides unique HVAC technology with the ability to lower peak demand from HVAC load, increase resilience and reduce public risk while bringing down energy costs to customers.
Since 2017, Stasis has been tuning its machine learning platform, perfecting its bio-based phase change material (PCM) and optimizing the entire system in test installations across California. Some of these efforts were made possible by generous funding from the California Energy Commission’s CalSEED program, where Stasis won Concept ($150k) and Prototype ($450k) funding and is currently performing validation testing at UC Riverside under a grant voucher provided by a CalTestBed award. Stasis has also partnered with Pure Temp in Minnesota for patented materials and investment. The company is not currently raising capital but may look to add investor partners, both strategic and financial, towards the end of 2022. With these new HVAC installations - made possible by CEC’s BRIDGE grant - performing as expected, Stasis will be in high-speed growth mode.
Startup companies that had previously received an award from an eligible California Energy Commission program or United States federal agency were eligible to submit proposals for BRIDGE funding.
To learn more about Stasis Energy Group, visit https://stasisenergygroup.com/
To learn more about WET Center memberships, visit https://www.wetcenter.org/wet-memberships
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