Barocal Secures $2.45M Grant to Power the Future of Energy-Efficient Cooling

Barocal is thrilled to announce a recent funding milestone, having raised $2,450,000 to further its breakthrough developments in solid-state cooling systems. This vital influx of capital comes at a time when the demand for ultra-high energy efficiency is soaring, and traditional cooling methods are facing increasing scrutiny over their environmental impact. Founded on 15 years of rigorous research at the University of Cambridge, Barocal has revolutionized the cooling sector with its novel caloric materials that deliver unparalleled energy efficiency while rendering polluting refrigerant gases obsolete. By tapping into this innovative technology, Barocal is poised to transform cooling applications across industries, addressing an estimated 40% of global energy consumption. The recently secured funds will be directed toward accelerating research and development initiatives, expanding the scalability and modularity of Barocal’s state-of-the-art solid-state systems, and bringing these cutting-edge solutions to market at an expedited pace. With backing from prominent investors such as Kiko Ventures, Cambridge Enterprise, Breakthrough Energy, and the European Innovation Council, Barocal is uniquely positioned to capitalize on its materials science breakthrough, ensuring that the new technology reaches critical mass. The company’s strategic vision emphasizes not only reducing energy consumption on a global scale but also pioneering sustainable alternatives that have the potential to reshape the future of cooling. As Barocal continues on its mission to replace harmful refrigerants with environmentally friendly solutions, this funding round marks a significant step toward a cleaner, more energy-efficient world.