HeatVentors started out as a university research project, only to be launched in 2017 as a thermal energy storage tank based on phase change material technology called HeatTANK. The novel tank can save between 20 – 40%o f energy, store heat energy between 100 and 600 degrees Celsius, reduce greenhouse gas emissions by half, all that with an average ROI of 3-4 years. More importantly, compared to the water storage HeatTank is 90% smaller in size, making it perfect for both family and industrial use. The startup closed a seed round in 2018, and received H2020 funding in 2019, to boost its operations.
Heat storage, Energy, HeatTANK, HeatVentors, Budapest