Startup GMZ Energy thinks solar hot water panels can pull double duty.
The company today announced it raised $14 million in series C funding to commercialize a product that will draw electricity from solar hot water collectors. It will also make small chips able to convert heat from car exhaust pipes and industrial machines into electricity.
GMZ Energy, which was spun out of the Massachusetts Institute of Technology and Boston College in 2008, has created an improved material for converting the energy in heat into electric power. The process works in reverse so an electric current will produce heat.
Thermoelectric … Read more