GMZ Energy applies an advanced nanotechnology process to produce high-performance, low-cost thermoelectric material that converts heat directly into electricity. The company’s material can harvest primary heat sources like solar thermal collectors and waste heat such as automotive exhaust to add electrical generation to existing products. GMZ is moving into production of a new class of renewable technologies and plans to expand engineering and go-to-market capabilities with fresh capital. Its first product targets the $8 billion residential, commercial and industrial solar thermal water market and is expected to launch next year, integrating electricity generation into conventional solar hot water collectors. The company is also pursuing waste heat recovery applications for automotive and industrial process markets. GMZ received recognition and an investment through the GE ecomagination Challenge as part of its commercialization path.

Total raised

$14M

Funding rounds

1

Latest round

Series C

Latest activity

Dec 2011