Canada-based Evercloak's HVAC technology recently received a funding boost, with CAD$1.1 million (over USD$807,000) in funding from Natural Resources Canada's Energy Innovation Program (EIP).
The EIP funding supports a $1.8M project enabling Evercloak to accelerate the development of their membrane-based system, which can cut the energy required for air conditioning and dehumidification by up to 50%. According to the Company's founder and CEO, Evelyn Allen, those reductions will be crucial as global temperatures rise.
"Air conditioning already accounts for 10 percent of the world's electricity consumption and associated greenhouse gas emissions, and we know demand is going to triple by 2050," she says. "Evercloak's technology offers a huge opportunity to cut energy use and curb greenhouse gas emissions by efficiently dehumidifying air prior to cooling."
Traditional cooling systems chill the air until the water vapor is condensed – a very energy-intensive process. In contrast, Evercloak's system uses graphene-composite membranes designed to let water molecules pass through while keeping out the air.