LAVA News
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NGIF accelerator supports the development of the world’s first isothermal heat engine, turning waste heat into zero-emission electricity.
NGIF Accelerator has granted $370,000 to Luminescent Power for the development of its 200kW heat engine technology for waste heat recovery. The technology, which uses liquid instead of gas, is expected to increase gas turbine efficiency by 50–70% while reducing carbon emissions. The heat engine will be ready for pilot testing by the end of Q2 2024, with full-scale sales set to begin in 2025. Luminescent Power is collaborating with leading members of the Canadian natural gas market to leverage the industry’s strengths with their groundbreaking technology.
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Why we invested in Luminescent
TechEnergy Ventures has invested in Luminescent, an Israeli company that has developed a patented design to increase the efficiency of heat engines and convert industrial waste heat into electricity. Luminescents technology has been validated in the laboratory and is at technology readiness level four. The companys seed round was funded by Grove Ventures. TechEnergy Ventures sees a $10 billion market opportunity for Luminescent in distributed turbines and engines in the United States alone. Luminescent has also demonstrated in a pilot project that an isothermal expansion was possible.
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First Liquid-Heat Engine Can Upcycle 70% of the World's Waste Heat Into Clean Energy
Israeli startup Luminescent has developed a liquid-based, isothermal heat engine that can upcycle waste heat into zero-emission energy. The engine allows for liquid heat transfer via isothermal expansion of air bubbles, resulting in higher efficiency and lower costs compared to existing technologies. Luminescent has received $7 million in seed funding led by Grove Ventures and Extantia Capital. The company is currently involved in two pilot schemes and plans to roll out its first commercial product later this year. Luminescent aims to target the iron and steel industry and long-duration storage market.
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Capturing waste heat to turn it back into energy - ISRAEL21c
Israeli startup Luminescent has developed a technology to capture waste heat from industrial plants and convert it into electricity. This can either power the facility itself at a lower cost or be sold back to the electrical grid. Luminescent is the first to address small power generators, with its super-efficient waste heat engine expected to be available by mid-2023. The company recently raised a $7 million seed funding round led by Grove Ventures and is targeting industrial operations in the United States, Europe, Japan, China, and South Korea.
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Turning Industrial "Waste" Heat Into Clean Electricity
Israeli startup Luminescent is developing an isothermal heat engine that can generate zero-emission electricity from any source of heat, including waste heat, with double the efficiency and half the cost of standard heat engines. The process uses waste heat directly to spin turbines and fuel power generators to create electricity. The companys CEO, Doron Tamir, estimates that if small-scale industries across the US installed his heat engine, they could generate 12 to 20 gigawatts of electricity, enough to power 15 million homes. Luminescent plans to pilot its heat engine for the first time with two unnamed customers in 2024.
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Israeli startup Luminescent raises $7M from Grove Ventures, Extantia
Luminescent, a Tel Aviv-based provider of a liquid-based isothermal engine solution for waste heat upcycling, has raised $7M in Seed funding. The funding will be used to bring the companys solution to market. Luminescents solution generates zero-emission electricity from any source of waste heat, enabling businesses to utilize waste heat as an additional way to turn their sustainability commitments into clean energy cost-cutting decisions.
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Israeli startup Luminescent raises $7 million for zero emission heat engine | CTech
Luminescent, a company that has developed a liquid-based isothermal engine to capture, reuse, and store waste heat, has raised $7 million in a seed funding round. The round was led by Grove Ventures and saw participation from Extantia Capital. Luminescents technology aims to increase the efficiencies of power plants and large industrial factories by reducing the amount of waste heat they produce, thereby reducing greenhouse gas emissions. The companys engine can double efficiency compared to other operations and provide up to 70% more power. The funding will help Luminescent scale rapidly to meet demand.
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