Magnets and water net Magnotherm $6.9M seed round to kill hazardous refrigerants

A warming world is going to need a lot of cold drinks. Problem is, today’s refrigeration tech is anything but climate friendly.
The way we cool our food and drink has barely changed in a century and the technology is still reliant on environmentally harmful refrigerants. Now, a German startup thinks it can freeze those refrigerants out of the market using little more than magnets and water while consuming up to 40% less energy.
Magnotherm has been refining its technology, known as magnetocaloric refrigeration, since it was spun out of TU Darmstadt in 2019. Though it’s only a seed-stage company

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