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Author: Jonathan Chan

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Erklärung für eine demokratische und offene Gesellschaft

Erklärung für eine demokratische und offene Gesellschaft

Wir sind MAGNOTHERM. Ein internationales Team von Menschen aus verschiedenen Ländern, Kulturen und Hintergründen. Wir alle glauben, dass jeder Mensch, unabhängig von seiner Herkunft, Religion, sexuellen Orientierung oder Ähnliches das Recht auf ein friedliches und respektvolles Leben hat.

In Deutschland sind Fremdenhass, Extremismus und Gewalt ein wachsendes Problem.

Wir beziehen Stellung: Wir bekennen uns klar zu einer demokratischen und offenen Gesellschaft. Wir stehen ein für Vielfalt, Toleranz und Respekt. Wir sind gegen jede Form von Diskriminierung und Gewalt.

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A Statement for a Democratic and Open Society

We are MAGNOTHERM, an international team of people from different countries, cultures and backgrounds. We believe that everyone has the right to a peaceful and dignified life regardless of their origin, religion, sexual orientation or other characteristic or trait.

Xenophobia, extremism and violence are a growing problem in Germany.

We take a stand: we are strongly committed to a democratic and open society. We stand for diversity, tolerance and respect. We are against all forms of discrimination and violence.

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Just start somewhere.

July 20, 2022

Wie MAGNOTHERM und Gastro-Cool mit dem magnetischen Getränkekühler POLARIS eine über hundert Jahre alte Technologie auf das nächste Level heben.Wie bringt man Innovationen in die Gesellschaft? Wenn man MAGNOTHERM und Gastro-Cool fragt, lautet die Antwort: einfach mal machen – ohne alles zu „zerdenken“. Dank dieser Einstellung konnten die beiden Unternehmen

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POLARIS x MyMuesli Unveil POLARIS: The Future of Beverage Cooling

June 21, 2023

MAGNOTHERM, in collaboration with MyMuesli, proudly presented their latest creation, POLARIS, the magnetic beverage cooler, at an exclusive after-work event held in Munich on Friday. The evening was filled with excitement and anticipation as attendees got a firsthand look at this revolutionary cooling technology. Since its initial unveiling approximately a

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Funding

ENGIE New Ventures Invests in MAGNOTHERM, Raising Seed Financing to €6.8M

ENGIE New Ventures Invests in MAGNOTHERM, Raising Seed Financing to €6.8M

ENGIE New Ventures (ENV), the investment fund of ENGIE Research & Innovation for innovative start-ups that accelerate the energy transition, has invested in MAGNOTHERM.

Our disruptive technology, which can also be used for cold production (refrigerators, air conditioners), uses magnetic refrigeration to liquefy hydrogen, allowing it to be transported and stored in larger quantities. The process is based on the magnetocaloric effect (MCE), which changes the temperature of a magnetic material exposed to an external magnetic field.

MAGNOTHERM’s hydrogen liquefaction technology is currently in the development phase. With this investment, ENGIE aims to play an active development role by drawing on the knowledge and expertise of the Lab Crigen , ENGIE’s R&D centre for green gases (hydrogen, biogas, liquefied gases). ENGIE and MAGNOTHERM are also members of a European consortium as part of the EU-funded HyLICAL project, which aims to build Europe’s first magnetic liquefactor of hydrogen.

MAGNOTHERM’s technology will cut hydrogen liquefaction costs, making it economically viable. This paves the way for the emergence of a hydrogen transport supply chain for the development of the entire hydrogen sector. This ambition falls under ENGIE’s broader strategy of leading the energy transition with a strong decarbonisation policy, and of achieving carbon neutrality by 2045.

“ENGIE New Ventures’ investment in MAGNOTHERM is an important step for ENGIE in developing a renewable hydrogen supply chain ecosystem that aims to produce, liquefy, and transport this hydrogen throughout Europe. Their technology could constitute a breakthrough innovation for hydrogen liquefaction, and ENGIE will support its development for future industrialisation via its Research Centre,” says Valérie RUIZ DOMINGO, ENGIE’s Group Vice-President for Hydrogen.

“We are very happy about the valuable support from one of the world’s largest energy companies! Now, hopefully, we will be able to answer the question of how we can transport green hydrogen to or within Europe and use it more quickly much faster!” adds Timur SİRMAN , Co-CEO of MAGNOTHERM .

ENGIE and MAGNOTHERM are convinced: The green transformation requires not only green hydrogen, but also the associated infrastructure for safe and efficient transport. Industries such as aviation, shipping and other heavy-duty applications might benefit massively from hydrogen liquefaction based on magnetocaloric cooling technology and reach net zero faster. MAGNOTHERM’s goal is to offer a solution that is scalable for industrial scale. The construction of the prototype plant for the liquefaction of hydrogen on an industrial scale, mentioned at the beginning, is planned to take place as early as 2025.

This joint effort should help to meet the coming industrial needs in a more resilient way: Several studies¹ predict that by 2030, when the first magnetocaloric hydrogen liquefier will be at the industrial scale, the total demand for hydrogen amounts to 40 – 90 terawatt hours per year – corresponding to an electrolysis capacity of 22 to 37 gigawatts² which compares to around eighty times the currently installed global electrolysis capacity.

[1] Wietschel, M. et al., 2023: Price-elastic hydrogen demand in Germany – methodology and results. HYPAT Working Paper 01/2023. In: Global H2 Potential Atlas. Sustainable locations in the world for tomorrow’s green hydrogen economy: Technical, economic and social analyses for the development of a sustainable global hydrogen atlas, via https://www.hypat.de/hypat-wAssets/docs/new/publikationen/HyPAT_Working-Paper-01_2023_Preiselastische-Nachfrage.pdf

[1] To put this into perspective: 20 GW is around forty times the currently installed global electrolysis capacity; according to the Office of Energy Efficiency and Renewable Energy (EERE), U.S. Department of Energy, 1 GW is the amount of energy needed to power 100 Million LED Bulbs (https://www.energy.gov/eere/articles/how-much-power-1-gigawatt | retrieved 26.09.2023). In 2022, the installed wind power capacity throughout Europe was 255 GW (https://windeurope.org/intelligence-platform/product/wind-energy-in-europe-2022-statistics-and-the-outlook-for-2023-2027/

About ENGIE New Ventures ENGIE New Ventures (ENV) is the investment fund at ENGIE Research & Innovation, dedicated to innovative start-ups in the field of climate technologies. ENV makes minority investments in innovative start-ups, bringing strategic value to the Group, with a focus on future disruptive technologies. Since 2014, investments have been made in more than 50 solutions in the cleantech sector. Its investments are directed in particular at renewable energies, energy efficiency and flexibility solutions, and green gases including hydrogen. ENV’s offices are represented in Paris, San Francisco, and Tel Aviv. For more information: www.engieventures.com

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ENGIE New Ventures Invests in MAGNOTHERM, Raising Seed Financing to €6.8M

October 25, 2023

ENGIE New Ventures (ENV), the investment fund of ENGIE Research & Innovation for innovative start-ups that accelerate the energy transition, has invested in MAGNOTHERM. Our disruptive technology, which can also be used for cold production (refrigerators, air conditioners), uses magnetic refrigeration to liquefy hydrogen, allowing it to be transported and

Read more >
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POLARIS x MyMuesli Unveil POLARIS: The Future of Beverage Cooling

POLARIS x MyMuesli Unveil POLARIS: The Future of Beverage Cooling

MAGNOTHERM, in collaboration with MyMuesli, proudly presented their latest creation, POLARIS, the magnetic beverage cooler, at an exclusive after-work event held in Munich on Friday. The evening was filled with excitement and anticipation as attendees got a firsthand look at this revolutionary cooling technology.

Since its initial unveiling approximately a year ago, POLARIS has embarked on an incredible journey of development and refinement. The overwhelming support from our friends, family, and business partners has been instrumental in bringing us to this significant milestone. With its sleek design and impressive performance, POLARIS left a lasting impression on all those present.

The event provided a platform to showcase the immense potential of POLARIS and its ability to transform how we interact with the world around us. As an innovative magnetic beverage cooler, POLARIS opens new doors for efficient cooling while offering a unique and captivating experience.

With POLARIS, we aim to redefine the boundaries of conventional cooling methods and set new standards for efficiency, sustainability, and user experience. Our team is dedicated to driving innovation and making a positive impact on the way we interact with everyday objects.

As we celebrate this momentous occasion, we express our deepest gratitude to all those who have supported us throughout this journey. Your belief in our vision and unwavering support have been invaluable. We are excited to embark on the next chapter of our journey as we bring POLARIS to market and revolutionize the cooling industry.

Stay tuned for more updates and announcements as we continue to push the boundaries of what is possible in sustainable cooling technology. Together, we can create a greener and more innovative future.

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ENGIE New Ventures Invests in MAGNOTHERM, Raising Seed Financing to €6.8M

October 25, 2023

ENGIE New Ventures (ENV), the investment fund of ENGIE Research & Innovation for innovative start-ups that accelerate the energy transition, has invested in MAGNOTHERM. Our disruptive technology, which can also be used for cold production (refrigerators, air conditioners), uses magnetic refrigeration to liquefy hydrogen, allowing it to be transported and

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Funding

€6.3M Seed Round to Commercialize First Sustainable Refrigerator

€6.3M Seed Round to Commercialize First Sustainable Refrigerator

MAGNOTHERM closes €6.3 million seed funding round to mass produce first sustainable refrigerator

The climate tech startup MAGNOTHERM has successfully closed its seed financing of 6.3 million with lead investor Extantia, Revent, BMH Beteiligungs-Managementgesellschaft Hessen, LAUDA Dr. R. WOBSER Beteiligungs-mbH as well as Katrin Pucknat, Arne Stoschek, Willi Tscheschner,and Christoph Behn through the business angel club better ventures. The investment will be used for the series production of the world’s first sustainable refrigerator, which already has a paying clientele.

MAGNOTHERM develops and builds highly efficient and sustainable cooling systems based on magnetic materials. Instead of climate-damaging, explosive or toxic cooling gases, the climate tech startup uses a temperature-active metal that cools down a mixture of water. The founders have already received several awards for their work, including the Hessischer Gründerpreis.

MAGNOTHERM revolutionizes the climate-damaging cooling market

The energy saving potential in the cooling market is huge. Commercially available cooling systems cause about 10 percent of global greenhouse gas emissions. In addition, there are emissions from the refrigerants in these cooling systems, such as hydrofluorocarbons, which have up to 600 times the global warming potential of carbon dioxide and are regularly released when they are scrapped. Replacing these harmful refrigerants could avoid 1.3 gigatons of CO2e per year. This is exactly where MAGNOTHERM comes in. MAGNOTHERM’s revolutionary technology has many potential applications for any type of refrigeration – from refrigerators to air conditioners to hydrogen liquefaction.

With the new capital, the founders plan to go into mass production of their already commercially successful beverage refrigerator, introduce a 3kW refrigerated shelf for food retail, and have their magnetic hydrogen liquefaction validated in the lab with the Helmholtz-Zentrum Dresden-Rossendorf (HZDR). The startup’s big goal: to establish their solution as an industry standard to combat climate change.

MAGNOTHERM develops sustainable cooling systems thanks to magnetic cooling

“Our magnetic cooling is not only up to 40 percent more efficient than conventional solutions, but also produces no direct greenhouse gases. With POLARIS, we have developed the first magnetic beverage cooler, making us the world’s first commercial supplier of this technology at room-temperature. With the financing, we are pushing ahead with the series production of our beverage cooler and accelerating the market development for sustainable refrigerated shelves in food retail,” comments Timur SİRMAN, Co-CEO of MAGNOTHERM, on the financing round.

“We have been following the team at MAGNOTHERM for a long time and are really impressed with them! Their highly efficient and sustainable cooling systems are the result of years of research, and they are pioneering a technology that will be part of everyday life in the future – be it through the preservation of products or as a key element of the hydrogen economy. As true pioneers who have found a smart solution to an important climate problem, Timur and Maximilian are poised to accelerate their journey to commercialize a scientific breakthrough,” said Torben Schreiter, Partner at Extantia Capital.

“The issue of cooling will become more important in an increasingly warmer world. But conventional cooling systems consume too much energy to support this change in a sustainable way. We must now do everything we can to make cooling technology massively more energy efficient. MAGNOTHERM shows that this is possible using deep tech,” says Tina Dreimann, founder and managing director of better ventures.

“As the world market leader, we want to improve the world together with exact temperatures – that is our vision and we put it into practice every day. In the future, energy-efficient systems will be needed that conserve resources and minimize climate-damaging emissions. MAGNOTHERM is taking a decisive step forward here, which fits well with our technological competence as a world market leader. With our investment, we are laying the foundation for successful cooperation between start-up and industry and can benefit from each other,” states Managing Partner of LAUDA, Dr. Gunther Wobser.

“We are thrilled to have supported MAGNOTHERM as financial advisor with their successful seed round“, says Laurent Guyard, CEO of Proof of Concept Partners.

Multi-award-winning startup that combines science with practice

MAGNOTHERM develops and builds highly efficient and sustainable cooling solutions based on magnetic materials. Instead of gas-vapor refrigerants, the novel magnetic cooling technology uses the magnetocaloric effect in iron-based alloys. MAGNOTHERM was spun out of Technische Universität Darmstadt in 2019. With Co-CEOs Timur SİRMAN and Dr. Maximilian Fries, CTO Dimitri Benke, CPO Jeffrey Pickett, and Advisors Prof. Dr. Oliver Gutfleisch and Dr. Tino Gottschall, the six-member founding team is made up of scientists in physics and materials science. Together with their team, which combines special know-how from the fields of materials science and plant engineering, they want to revolutionize the cooling industry – and above all make it sustainable.

About Extantia Capital

Extantia Capital is a climate-first venture capital firm accelerating the path to a decarbonised world. Extantia unites mission-driven entrepreneurs, scientists, investors, and business leaders to advance the transition. The €300M platform includes Extantia Flagship, a fund backing scalable deep decarbonisation companies, Extantia Allstars, a fund-of-funds investing in climate venture capital funds, and Extantia Ignite, a sustainability hub advancing knowledge and competence in climate innovation and ESG practices.

About Revent VC

Revent is a 60M € Venture Capital Fund, headquartered in Berlin, investing across Europe, in mission-driven founders leveraging technology to drive systemic change across Climate, Healthcare, and Economic Empowerment.

About better ventures

better ventures is an angel club for impact-driven startups initiated by Tina Dreimann, Dr. Cedric Duvinage and Christoph Behn. More than 60 successful entrepreneurs have joined forces in the Angel Club to support ambitious founders with capital, network and know-how to sustainably improve the world with their business models.

About BMH

BMH Beteiligungs-Managementgesellschaft Hessen, based in Wiesbaden, was founded in 2001 and is a wholly owned subsidiary of Landesbank Hessen Thuringen Girozentrale (Helaba). Through Wirtschafts- und Infrastrukturbank Hessen (WIBank), BMH is actively involved in the economic development activities of the State of Hesse. As a medium-sized investment and venture capital company, BMH bundles public investment interests and financing instruments for early-stage, growth and medium-sized companies in Hesse. BMH currently manages seven investment funds with a total invested investment volume of around 125 million euros. Since its foundation, BMH has invested in a total of more than 500 companies. The investment focus is on the software & IT, life sciences, mechanical and plant engineering, industrial goods, professional services and e-commerce sectors, among others. More information about BMH and its funds: www.bmh-hessen.de

About Proof of Concept Partners

POC Partners founded in 2013 is providing coaching and advisory services to seed & early stage deep-tech startups in the Cleantech, Energy & Industrial Biotech industries across Europe.

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ENGIE New Ventures Invests in MAGNOTHERM, Raising Seed Financing to €6.8M

October 25, 2023

ENGIE New Ventures (ENV), the investment fund of ENGIE Research & Innovation for innovative start-ups that accelerate the energy transition, has invested in MAGNOTHERM. Our disruptive technology, which can also be used for cold production (refrigerators, air conditioners), uses magnetic refrigeration to liquefy hydrogen, allowing it to be transported and

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Awards

MAGNOTHERM is Frankfurt Forward Startup of the Year 2022

MAGNOTHERM is Frankfurt Forward Startup of the Year 2022

As part of yesterday’s tech day at the 25th EURO FINANCE WEEK we were invited to this year’s Startup of the Year Gala – hosted by Frankfurt Forward and supported by Wirtschaftsförderung Frankfurt GmbH as well as dfv Mediengruppe at Kap Europa.

After we’ve been Startup of the Month back in February, we made it into the final among five other highly-innovative startups located in the Rhine Main Area. The challenge: A Five-Minute-Pitch. Our CEO Timur Sirman convinced both voters from the panel as well as the public. One hour later, we held the Startup Bembel in our hands. Alongside this award, we won a huge Networking-Bundle.

With all the new incoming opportunities this high distinction will bring us, we are even more looking forward to 2023!

In case you missed the event, you can watch the live stream via https://www.youtube.com/watch?v=96UEK8NOH8Q

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ENGIE New Ventures Invests in MAGNOTHERM, Raising Seed Financing to €6.8M

October 25, 2023

ENGIE New Ventures (ENV), the investment fund of ENGIE Research & Innovation for innovative start-ups that accelerate the energy transition, has invested in MAGNOTHERM. Our disruptive technology, which can also be used for cold production (refrigerators, air conditioners), uses magnetic refrigeration to liquefy hydrogen, allowing it to be transported and

Read more >
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Just start somewhere.

Just start somewhere.

Wie MAGNOTHERM und Gastro-Cool mit dem magnetischen Getränkekühler POLARIS eine über hundert Jahre alte Technologie auf das nächste Level heben.

Wie bringt man Innovationen in die Gesellschaft? Wenn man MAGNOTHERM und Gastro-Cool fragt, lautet die Antwort: einfach mal machen – ohne alles zu „zerdenken“. Dank dieser Einstellung konnten die beiden Unternehmen kürzlich mit POLARIS den ersten käuflich erwerblichen magnetischen Getränkekühler der Welt vorstellen, der komplett ohne schädliche Kältemittel auskommt.

Über das Karriere-Netzwerk LinkedIn ist Christian Machers, Geschäftsführer der Gastro-Cool GmbH & Co. KG, auf das aufstrebende Start-up mit der neuartigen Kühltechnologie aufmerksam geworden. Kurzentschlossen hat er den Mitgründer und Geschäftsführer von MAGNOTHERM, Timur Sirman, kontaktiert. Denn der Unternehmer ist überzeugt:

„Magnetische Kühlung hat das Potenzial, eine über einhundert Jahre alte Industrie zu revolutionieren und den Gaskompressor obsolet zu machen.“

Der Getränkekühler POLARIS ist dabei der erste Schritt in Richtung nachhaltige und energieeffiziente Kühlung von Supermärkten, Gebäuden sowie der Verflüssigung von grünem Wasserstoff.

„Wir streben an, nächstes Jahr bis zu 100 Getränkekühler zu produzieren, um die magnetische Kühltechnologie in die Supermärkte zu bringen“,

sagt Timur Sirman. „Damit haben wir uns ein ehrgeiziges Ziel gesetzt. Umso glücklicher sind wir, mit Gastro-Cool einen so flexiblen und offenen Partner gefunden zu haben.“

Während MAGNOTHERM den magnetischen Kompressor-Ersatz entwickelt, produziert Gastro-Cool individuell an die Technologie angepasste Gehäuse und bringt entsprechende Markterfahrung mit.
Denn Gastro-Cool ist einer der führenden Hersteller von Werbe-Kühlgeräten und vertreibt diese an namhafte Getränkehersteller wie Coca-Cola oder Heineken. In den Geräten werden bis jetzt Gaskompressoren verbaut, die mittels eines  Gas-Flüssigkeits-Gemischs (Kältemittel) die gewünschte Temperatur erzeugen.

Das Problem an konventionellen Kältemitteln ist jedoch, dass sie sehr klimaschädlich sind und einen Treibhauseffekt verursachen, der bis zu zehntausendmal stärker als der von CO2 sein kann.

Gastro-Cool hat die eigene Produktion bereits lange vor dem gesetzlichen Verbot auf das FCKW- und FKW-freie und energieeffizientere Kühlmittel Isobutan umgestellt. Gemeinsam mit MAGNOTHERM werden nun neue, noch innovativere Möglichkeiten der Kühltechnik erforscht. Denn entzündliche Mittel wie Isobutan oder Propan findet man noch in allen Kühlgeräten.

„Die erforderlichen Mengen von problematischen Kältemittelns bei kleinen und Haushaltsgeräten sind zwar sehr gering. Wenn man jedoch die Kühlung eines gesamten Supermarkts damit betreiben will, werden sie durchaus zu einem Problem“,

erklärt der Start-up-Manager Timur Sirman. Ferner strebt MAGNOTHERM, das sich 2019 aus der Technischen Universität Darmstadt heraus gegründet hat, langfristig danach, ihre magnetische Kühltechnologie in Klimaanlagen zu verbauen, da der Bedarf an diesen enorm steigen wird – nicht nur wegen der globalen Erderwärmung.

Zusätzlich zum Getränkekühler POLARIS vertreibt MAGNOTHERM bereits zwei
wissenschaftliche Geräte: den MS30 zur Demonstration des magnetokalorischen Effektes sowie den MS90, ein Messgerät zur Optimierung der magnetokalorischen Materialien.

Neben Anwendungen bei Raumtemperatur kann die Technologie auch bei
Tiefsttemperaturen eingesetzt werden, um Wasserstoff bei -253°C zu verflüssigen und diesen bei hoher Energiedichte energieeffizient zu transportieren und zu lagern.

Die Technologie der magnetischen Kühlung verwendet magnetokalorische Materialien, die temperaturaktiv auf Magnetfeldveränderungen reagieren, sowie Wasser anstatt klimaschädlicher oder problematischer Kühlmittel. Damit können Geräte gebaut werden, die bis zu 40 Prozent effizienter als ein herkömmlicher Gaskompressor sind.

Für mehr Informationen:

MAGNOTHERM
Timur Sirman
sirman@magnotherm.com
+49 (0) 171 626 0102

Gastro-Cool
Nic Oeldemann
n.oeldemann@gastro-cool.de
+49 (0) 2154 484 60 27
https://gastro-cool.com/de

english version

How MAGNOTHERM and Gastro-Cool are taking a more than one century-old technology to the next level with the POLARIS magnetic beverage cooler.

How do you bring innovation to the community? If you ask MAGNOTHERM and Gastro-Cool, the answer is: just start somewhere – without “thinking everything through”. Thanks to this attitude, the two companies were recently able to introduce POLARIS, the world’s first magnetic beverage cooler available for purchase that uses no harmful refrigerants at all.

Via the career network LinkedIn, Christian Machers, Managing Director of Gastro-Cool GmbH & Co. KG, became aware of the up-and-coming start-up with the novel cooling technology. Without further ado, he contacted the Co-Founder and Co-CEO of MAGNOTHERM, Timur Sirman. Because Machers is convinced:

“Magnetic Cooling has the potential to revolutionize an industry that is over a hundred years old and make the gas compressor obsolete.”

In this regard, the POLARIS beverage cooler is the first step towards sustainable and energy-efficient cooling of supermarkets, buildings, as well as the liquefaction of green hydrogen.

“We aim to produce up to 100 beverage coolers next year to bring magnetic cooling technology to supermarkets,”

says Timur Sirman. “This is an ambitious goal we have set for ourselves. We are all the happier to have found such a flexible and open partner in Gastro-Cool.”

While MAGNOTHERM develops the magnetic compressor replacement, Gastro-Cool produces housings individually adapted to the technology and brings corresponding market experience.

After all, Gastro-Cool is one of the leading manufacturers of promotional refrigeration units and sells them to well-known beverage producers such as Coca-Cola and Heineken. Up to now, gas compressors have been installed in the devices, which generate the desired temperature by means of a gas-liquid mixture (refrigerant).

The problem with conventional refrigerants, however, is that they are very harmful to the climate and cause a greenhouse effect that can be up to ten thousand times stronger than that of CO2. Gastro-Cool switched its own production to the CFC- and HFC-free and more energy-efficient refrigerant isobutane long before the legal ban. Together with MAGNOTHERM, new, even more innovative possibilities for cooling technology are now being researched. This is because flammable agents such as isobutane or propane can still be found in all refrigeration equipment.

“The quantities required of problematic refrigerants in small and household appliances are indeed very small. But if you want to use them to refrigerate an entire supermarket, they definitely become a problem,”

explains start-up manager Timur Sirman. Furthermore, MAGNOTHERM, which was founded in 2019 out of the Technical University of Darmstadt, is aiming in the long term to incorporate their magnetic cooling technology into air conditioning systems, as the demand for these will increase enormously – and not just because of global warming.

In addition to the POLARIS beverage cooler, MAGNOTHERM already markets two scientific devices: the MS30 for demonstrating the magnetocaloric effect and the MS90, a measuring device for optimizing magnetocaloric materials.

In addition to room temperature applications, the technology can also be used at cryogenic temperatures to liquefy hydrogen at -253°C and transport and store it in an energy-efficient manner at high energy density.

Magnetic cooling technology uses water and magnetocaloric materials that are temperature-responsive to magnetic field changes instead of climate-damaging or problematic coolants. This can be used to build equipment that is up to 40 percent more efficient than a conventional gas compressor.

For more information:

MAGNOTHERM
Timur Sirman
sirman@magnotherm.com
+49 (0) 171 626 0102

Gastro-Cool
Nic Oeldemann
n.oeldemann@gastro-cool.de
+49 (0) 2154 484 60 27
https://gastro-cool.com/de

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ENGIE New Ventures Invests in MAGNOTHERM, Raising Seed Financing to €6.8M

October 25, 2023

ENGIE New Ventures (ENV), the investment fund of ENGIE Research & Innovation for innovative start-ups that accelerate the energy transition, has invested in MAGNOTHERM. Our disruptive technology, which can also be used for cold production (refrigerators, air conditioners), uses magnetic refrigeration to liquefy hydrogen, allowing it to be transported and

Read more >
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Awards

Pre-Seed Investment: MAGNOTHERM receives EXIST-Forschungstransfer

Pre-Seed Investment: MAGNOTHERM receives EXIST-Forschungstransfer

Berlin — In May, we pitched our business concept in front of a high-quality jury consisting of recommended professors, venture capitalists, entrepreneurs and politicians in Berlin. As one of few, we received an extensive pre-seed investment. With this investment, a prototype will be developed, certified and prepared for a small production series. The startup fund EXIST-Forschungstransfer of the German Ministry for Economic Affairs and Energy (BMWi) supports outstanding and promising business ideas based on university research in order to bring science to market.

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