NAM Technology specializes in energy-efficient technologies for the HVAC and refrigeration industries. The company developed a heat pump prototype based on a multi-cascade concept invented by NAM Technology for its cooling solution.
NAM Technology's pump, Homeham, has high energy efficiency even in negative Fahrenheit temperatures. Homeham can heat water to 167 F (75 C) when the outside temperature is -4 F (-20 C).
Homeham is suitable for heating water in hospitals, hotels, and nursing homes. It could also help to address the problem of energy insecurity in Europe and other regions while reducing dependence on fossil fuels, decreasing GHG emissions, and saving billions of dollars.
NAM Technology's second product, Ecokor is a device installed in cooling systems in plants, warehouses, or supermarkets to save energy. Ecokor also can be used to reduce fuel consumption of transport refrigeration trucks.
Cumulative Funding Raised Over Time ($)
Employees Over Time
Nam Technology Climate Tech relevance
Globally, heating accounts for nearly half of all energy consumption and 40% of energy-related carbon dioxide emissions, and refrigeration accounts for 15% of greenhouse gases emitted. Nam Technology aims to combat this by using its novel and patented multi-cascade technology to increase energy efficiency and thus to decrease the heat pump and refrigerator's energy requirements. Nam Technology's new thermodynamic algorithm means that three kilowatts of heat can be obtained from one Kw of electricity, decreasing the energy requirement by 67%. Indeed, the start-up's aim is to reduce carbon dioxide (CO2) emissions by 5.1 million tons per year after five years and 63.6 million tons per year after ten years.