Phononic raises a cool $40 million to make quiet, spacious refrigerators

Published November 16, 2016

Arctic sea ice from NOAA's At The Ends of the Earth Collection. Refrigeration and air conditioning used to require vapor compressors, chemicals like Freon, fans, water chillers or passive heat sinks. But a North Carolina company called Phononic has developed solid-state refrigeration technology instead.
Phononic, which employs about 110 full-time today, just raised an additional $40 million in equity funding to rapidly expand manufacturing of its… Read More