Dublin-based HT Materials Science is one of 15 start-ups which have been selected to take part in the Amazon Sustainability Accelerator this year.
Now in its third year, businesses will be able to pitch their technology for trials in Amazon's European operations for the first time, opening doors to future partnerships and a potential investment of up to £2m.
The 15 starts-ups from across Europe, including HT Materials Science, will benefit from a four-week programme featuring expert-led workshops, specialised mentorship, a tailored curriculum and access to a network of entrepreneurs in the sustainability sector.
Three start-ups will be selected to partake in an eight to ten week programme to scope their pilot with the intention to launch, earning them a potential contribution from Amazon of between €50,000 to €2m, depending on duration and scope.
Since launching in 2022, the Accelerator has supported more than 25 start-ups across the UK and Europe, provided over $1m in grants and credits, and helped participating businesses increase total sales on average by 700% and raise over €18.7m to date.
Founded in 2018, HT Materials Science has developed a simple retrofit solution that improves heating and cooling systems. The technology can be added to any existing commercial and industrial heating and cooling system, reducing energy consumption and enabling cost savings.
"Building operations pose one of the most vexing challenges in the fight against climate change. Between 1990 and 2020, energy used for cooling tripled and will continue to increase as global economies expand and temperatures rise," Thomas Grizzetti, CEO of HT Materials Science, said.
"Our Maxwell heat transfer fluids offer an immediate, cost-effective way to reduce the energy consumption of environmental and industrial cooling and heating systems by up to 15% while significantly reducing CO2 emissions," the CEO said.
"We believe Amazon's Sustainability Accelerator Program will help us expand our reach to more clients and facilities around the world that can benefit from Maxwell," he added.
