LAVA utilizes a proprietary liquid-based isothermal technology to convert heat into zero-emission electricity and vice versa with 70-80% efficiency, significantly outperforming traditional fossil fuel systems. This technology addresses the need for economically viable clean energy solutions by providing rapid payback and high returns on investment for industrial applications.
Funding
$21.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
CTFounders
Product
Problem
Many industrial processes and geothermal plants generate significant waste heat, which is often released into the environment without being utilized. Existing heat-to-electricity conversion technologies are either inefficient, expensive, or both, hindering the economic viability of waste heat recovery. Renewable energy sources like solar and wind also face challenges related to intermittency and the need for long-duration energy storage.
Solution
LAVA has developed a liquid-based isothermal technology that converts heat into zero-emission electricity and vice versa with 70-80% of Carnot efficiency. This technology enables efficient waste heat recovery from industrial processes and enhanced geothermal systems, turning previously lost energy into a valuable electricity source. LAVA's solution also includes a Carnot Battery, which integrates the heat engine and heat pump with a thermal storage tank for long-duration energy storage, enabling solar and wind installations to provide dispatchable baseload power. The modular design and simple components contribute to low CAPEX and a rapid return on investment, making clean energy a profitable choice for industrial customers.
Target Audience
The primary target audience includes industrial facilities seeking to recover waste heat, geothermal power plants aiming to enhance electricity generation, and renewable energy developers requiring long-duration energy storage solutions.
Features
- Liquid-based isothermal heat engine for zero-emission electricity generation
- Isothermal heat pump for cooling and heating in industrial applications
- Carnot Battery for long-duration energy storage of renewable electricity
- 70-80% Carnot efficiency across a broad temperature range
- Modular design for simple, plug-and-play setup and scalability
- Rapid payback period of 1-3 years due to minimal CAPEX
- Compatibility with industrial waste heat and enhanced geothermal systems
- Electricity-as-a-service and direct purchase financing models available