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Phase Change Energy Solutions Announces Major Funding to Support Expansion

Decathlon Capital Partners makes multi-million dollar investment in thermal energy company
ASHEBORO, NORTH CAROLINA, Jan. 15, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Phase Change Energy Solutions announces a multi-million dollar investment from Decathlon Capital Partners to spur growth.The fresh funding will support expanded sales and marketing efforts along with additional product development. Phase Change designs and manufactures thermal energy management solutions for various markets, including cold chain, food delivery, and the built environment. These cost-effective technologies are engineered to precisely control temperature, reduce power consumption, manage operational expenses, and minimize environmental impact.Phase Change products are powered by BioPCMA, a patented and proprietary family of phase change materials. BioPCMA absorbs heat when temperature exceeds a desired target and releases heat when temperature drops below that target. Deploying BioPCMA solutions in the built environment can reduce HVAC power consumption by up to 35 percent. As a result, Phase Change systems effectively pay for themselves.

a??BioPCMA products install quickly without business disruption and require little or no maintenance,a?? said CEO Dr. Reyad Sawafta. a??They are non-toxic, non-corrosive, and have a demonstrated useful thermal lifespan of over 100 years. Now, with Decathlona??s commitment to our vision, we will be able to advance our research and development of these and other products, while extending our current market reach.a??a??At a time when rising energy costs capture almost as much attention as global warming, Phase Change continues to innovate with efficient, environmentally conscious solutions,a?? said Decathlon Capitala??s Chris Risey. a??We are pleased to make this investment in their growth plans.a??
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