A Raleigh, North Carolina-based maker of thermoelectric coolers and generators, Phononic Devices, closed a $10 million series B investment from Venrock and Oak Investment Partners, the companies revealed today. Often explained as ?solid-state heat pumps,? thermoelectric technology (a.k.a. thermoelectrics) can capture wasted heat, and convert it into power. They can also displace heat and maintain a cool temperature in everything from laptops to refrigerators and lasers. The technology provides an environmental benefit versus compression-based refrigeration and other power generating technologies, because thermoelectric modules don?t use toxic coolants or burn fossil fuels, and generate no noise. They have no moving parts...
DIGITAL CHINA HOLDINGS HEWLETT-PACKARD LOGITECH INTERNATIONAL SAIC
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