Intelligent Energy Storage
NETenergy is a thermal energy storage company, based in Chicago. NETenergy has created a thermal battery using its Black Ice technology, that works much like an electrical battery, except it stores thermal energy. By utilizing NETenergy’s thermal battery to store cold energy, building owners can save 30% or more on their energy usage and reduce carbon emissions by 50%.
What we do
Hybrid Air Conditioner + Thermal Energy Storage TM
Thermal Energy Storage
Thermal Energy Storage addresses the problem with on-peak energy consumption. On-peak energy prices are typically 2 – 6 times higher than off-peak energy prices and NETenergy allows customers to save 50% or more on their cooling costs by shifting consumption from on-peak to off-peak. Additionally, this technology can save utilities from spending billions of dollars per year building and maintaining “peaker” power plants that are only used a few times per year.
Recent Success
NETenergy has been busy for the last year!
Here is some of our recent success!
Wells Fargo Innovation Incubator
NETenergy is a proud participant in the Wells Fargo Innovation Incubator where we have been awarded $500,000 in funding. As a member of the incubator we will also work with the National Renewable Energy Laboratory (NREL) on developing our technology.
You can read more about our participation in the Wells Fargo Innovation Incubator at the following Chicago Tribune and official press release links below.
Clean Energy Trust Challenge Winner
NETenergy is the proud recipient of the $100,000 Pritzker prize!
The Clean Energy Challenge is a proven launching pad for Midwest clean energy startups. As the flagship accelerator program of Clean Energy Trust, the Clean Energy Challenge offers finalists industry-leading mentorship, national exposure and the chance to compete for $1 million in investments.
Ready about our success @ Clean Energy Challenge Winners
University of Chicago
New Venture Challenge 2nd Place
NETenergy is excited to be the 2nd place winner of the University of Chicago New Venture Challenge where we walked away with $40,000 in funding!
See the story - NVC Winners!
The New Venture Challenge is the premier start-up program at the
University of Chicago Booth School of Business, helping students turn entrepreneurial ideas into viable businesses. The New Venture Challenge has been voted the #4 startup accelerator in the US!See the story - Top US Start-up Accelerators
Chicago Innovation Exchange
NETenergy is excited to be hosted at the Chicago Innovation Exchange!
The Chicago Innovation Exchange is University of Chicago’s new hub for multidisciplinary collaborations. The CIE supports business start-up activities and entrepreneurs converting research and ideas into solutions benefiting society.
Clean Tech Open
NETenergy is a proud graduate of the Midwest Clean Tech Open startup accelerator.
The Cleantech Open is a not-for-profit organization that runs the world’s largest accelerator for cleantech startups. Their mission is to find, fundand foster entrepreneurs with big ideas that address today’s most urgent energy, environmental and economic challenges.
International Copper Association
NETenergy is partnered with the International Copper Association to help commercialize thermal energy storage technology using phase change composites.
Latest News
March 2021
NETenergy executes exclusive license to commercialize thermal energy storage technology developed by the National Renewable Energy Laboratory
Researchers at the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) have developed a thermal energy storage (TES) technology using phase-change material for heating, ventilation, and air-conditioning (HVAC) applications. NREL has granted NETenergy an exclusive field limited license to develop and commercialize a hybrid HVAC-TES system that utilizes NREL’s intellectual property. The hybrid HVAC-TES technology commercialization project is a close collaboration effort between NETenergy, NREL, and OEM partners as part of the second cohort of the Wells Fargo Innovation Incubator (IN2) and DOE’s Technology Commercialization Fund.Analysis by NREL’s researchers show that the hybrid HVAC-TES technology can improve commercial rooftop air conditioning unit (RTU) efficiency by 10% and reduce peak-demand by 40%. The analysis used performance data from laboratory experiments, conducted at NREL, of a 5-ton air conditioner that was integrated with 6 ton-hr of NETenergy TES modules.“Thermal energy storage will play a critical role in the ongoing global effort to reduce harmful emissions and accelerate the deployment of clean energy,” said NETenergy CEO and founder Said Al-Hallaj. “It has been a great privilege to work with NREL and our OEM partners on this project and we look forward to continuing our collaboration to commercialize the hybrid HVAC-TES technology.”“Onsite thermal energy storage, such as the technology being developed with NETenergy modules, has great potential as an alternative to onsite electric batteries. Building owners are often charged high electrical prices for the use of their air conditioners. This technology can not only lower these costs, but also assist electric utilities to meet demands during hot summer days,” said Eric Kozubal, senior researcher at NREL.“NETenergy was part of the Wells Fargo Innovation Incubator’s (IN2) second cohort of companies and has established a strong relationship with NREL,” said Trish Cozart IN2 program manager. “This innovative HVAC technology is a shining example of the effectiveness of our tech incubation model, matching startup ideation and expertise with NREL research capability.”February 2019
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