Innovative DOE Commercialization Grant awarded to SMTI
SMTI Wins DOE Grant to Commercialize Its Residential Furnace Product
SMTI is pleased to announce that it has been selected as an awardee by the US Department of Energy’s Building Technology Office for a $2.7 million grant to accelerate commercialization of a residential heat pump warm-air furnace replacement product. This innovative grant, a new approach for the DOE, creates a viable bridge over the so-called “valley of death” – an historically treacherous phase in new technology development where new ideas often fail for lack of critical funding. SMTI will lead a team focused on addressing the product’s remaining technical and manufacturing issues, as well as critical market questions that are important before final commercial release of the product.