This startup provides engineered technology services and develops renewable energy projects that focus on decarbonizing heating and cooling systems in buildings. By utilizing proprietary technologies, the company aims to significantly reduce carbon emissions and lower energy costs for facility operators.
Funding
$73M 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.
Founders
Product
Problem
Conventional heating and cooling systems in buildings rely heavily on fossil fuels, contributing significantly to greenhouse gas emissions and operational costs. Transitioning to sustainable energy sources can be capital-intensive and disruptive to existing infrastructure.
Solution
Noventa Energy provides Wastewater Energy Transfer (WET™) systems that extract thermal energy from wastewater to supply heating and cooling for commercial, residential, and institutional buildings. The WET™ systems utilize HUBER ThermWin® technology to screen solids and transfer thermal energy from wastewater, while Trane heat pumps integrate the system with building HVAC systems. Noventa offers a full suite of services, including design, build, finance, operation, and maintenance, to deliver turn-key projects or engineered equipment sales. Their Energy-as-a-Service model eliminates upfront capital costs, allowing customers to achieve environmental goals while reducing operating expenses and mitigating commodity price volatility.
Target Audience
Target customers include building owners and managers, hospital networks, universities, and municipalities seeking to reduce carbon emissions and energy costs in their facilities.
Features
- Patented supplementary feedwater method to mitigate wastewater temperature fluctuations
- Underground distribution networks to transport thermally modified water and wastewater
- Integration with HUBER ThermWin® technology for solids removal and heat exchange
- Custom-built Trane heat pumps for seamless integration with existing HVAC systems
- Energy-as-a-Service model with performance guarantees
- Remote monitoring and control systems for optimized operation
- Patented Umbrella Bore System™ to leverage wetwell infrastructure for geo-exchange