The company intends to use the funds to commercialize its electrochromic thin film technology that automatically controls light and thermal transmission through windows.
According to a written statement, the technology, which was created at the Department of Energy’s National Renewable Energy Laboratory (NREL), has the potential to dramatically decrease energy consumption in commercial and residential structures. It can be used to retrofit the 19.5B sq./ft. of existing windows in commercial and residential structures in the US and convert them into highly energy efficient smart windows.
The company is led by CEO Loren Burnett, a serial entrepreneur, who is also a Venture Advisor of Amplifier Ventures.