Dublin’s Exergyn pulls in $35M Series A for solution which replaces GHG-causing refrigerants

Dublin-based Exergyn replaces refrigerants with solid materials. The technology could be used in data centers.

Mercuria, an energy and commodities company, and Lacerta Partners, a family office-backed fund, led a $35 million Series A round for the cleantech company. McWin is a venture capital firm based in the Czech Republic.

Exergyn claims that it can lower carbon emissions in industries such as heating, ventilating, air-conditioning, refrigeration, automotive, and aerospace by using a product called a solid-state shape memory alloy. More than 10% of the global CO2 emissions are accounted for by the heating, ventilating, and air conditioning industry.

SMAs contract and relax as they absorb and release heat.

According to the Montreal Protocol, the number one solution to global warming is to remove gases.

Commercial entities operating in the same space as the University of Maryland and the University of Ljubljana are thin. SMA is considered to be too expensive.
Co-Founder and Managing Director Dr. Kevin O'Toole commented on the Series A announcement.

We can expand our offering into multiple new and exciting sectors by joining forces with thought leaders.