Start-up Choromasun said on Wednesday that it has raised its first round of funding from institutional investors which will allow it to bring its solar-power air conditioner to market.
The San Jose, Calif.-based company said that Danish investor VKR Holding led the $3 million investment, along with GoGreen Capital and two unnamed individuals in the U.S.
Using solar energy to cool buildings is enticing because the hottest times of the day coincide with the best times to harvest sunlight. Rather than use solar panels to make electricity, though, Chromasun's system converts heat into usable energy for cooling. … Read more