Rather than burning stuff to make electricity, a handful of thermoelectric-technology companies are trying to tap waste heat as an energy source.
Phononic Devices yesterday said that it raised $10 million to further develop and commercialize its semiconductor material for converting heat into electricity and efficient cooling. Investors in the series B round were Venrock and Oak Investment Partners.
The Raleigh, N.C.-based company is improving on technology originally developed at the University of Oklahoma that can be embedded in small chips. Initially, the company plans to make modules for refrigeration or cooling electronic equipment.
On Thursday, another thermoelectric … Read more