LONDON Nanofreeze Technologies Lund AB, a startup company that claims to have developed cooling technology that is 10 to 15 times more efficient than Peltier coolers, has won 300.000 Swedish krone (about $40,000) in a competition organized by Vinnova in conjunction with Energimyndigheten.
"In 5 years you will own a refrigerator cooled by Nanofreeze," the company asserted at its Website although the company expects to start with less demanding applications such as mobile phones.
Nanofreeze (Lund, Sweden) was founded in September 2005 to develop research in the field of thermoelectrics originally performed at Lund University. The Vinnova competition is a way for the Swedish government to promote startup companies, Nanofreeze said.
Nanofreeze's technology consists of different semiconductor materials built using nanotechnology. The company claimed it has advantages over other technologies because it is small, environmentally friendly and its direction can be switched instantly from cooling to heating. The cool chip technology is being aimed at compact and portable applications initially such as computers, cell phones and lasers, although the company said that ultimately the technology could replace compressor-based heat exchangers in refrigerators.
The company continues to work with Lund University, as well as with overseas research groups. The company did not provide details of its research partnerships.