PCM briefing: BASF to spend $2.2 billion on R&D; Sunamp heat batteries qualify for Scottish loan program
Ben Welter - Monday, May 14, 2018
• Chemical & Engineering News reports that the top 50 U.S. chemical producers generated $285.4 billion in chemical revenues in 2017, a 9.4 percent increase over 2016.
• Under its new CEO, Martin Brüdermüller, BASF is planning to pour $2.2 billion into research and development, making BASF the second-highest investor in innovation in the chemicals sector after DuPont.
• Warmilu LLC founder Grace Hsia, right, is on Crain's 20 in Their 20s list honoring Michigan's rising young leaders. Warmilu makes a PCM-equipped infant warming blanket.
• Axiom Exergy of Richmond, Calif., has raised $7.6 million in Series A funding, for a total of $12.5 million raised to date. The round was co-led by GXP Investments and Shell Ventures. Axiom's PCM-based "refrigeration battery" is designed to reduce energy supermarket energy costs.
• Sunamp Ltd. is applauding the Scottish government's decision to include heat batteries to its Home Energy Scotland Loan program. Homeowners and private landlords are now eligible to apply for an interest-free loan of up to 6,000 pounds to install Sunamp's PCM-based heat battery systems.
• Albuquerque-based SAVSU Technologies is launching two new high-performance shipping containers branded as Evo Extreme. The containers are designed for the 2-8C and -80C temperature ranges.
• Georg Rodriguez, managing director at MUTZ Engineering mbH, will present a free lecture, presumably in German, on "phase change materials for temperature management and energy storage in buildings" on Tuesday, May 15, at the KEBAB lecture room in Berlin.