Skip to content

Intellihot Blog: Case Study – Bringing Hot Water To New Heights

intellihot 340 on the park case study image

Share:

The second tallest luxury residential building in Chicago, 340 On the Park, eliminates over 2,000 gallons of storage and saves 27% gas cost annually without sacrificing comfort for its residents.

The Challenge

The previous water heating system consisted of two commercial 2 million BTU tank type heaters with over 2,000 gallons of storage. The units were located on the penthouse floor of the building and were in various stages of failure within 7 years. The labor and helicopter service necessary to replace the two boilers were not covered by their warranty.

The Intellihot Solution

Four iQ1001 units were installed and cascaded together, to create a combined capacity of 4 million BTUs. Intellihot’s ingenious method of masterless cascading ensures high reliability along with limited down-time. Intellihot’s plug and play set up ensured a rapid change out without a need to re-balance the entire building.

“We have been very pleased with the installation and performance of the system and proud to be at the forefront of demonstrating an energy-efficiency breakthrough in the building community. Any building that has a domestic hot water boiler capital project in the future should be considering Intellihot.”

– Amy Eickhoff, Building Manager 

About 340 On the Park – Chicago, Illinios

340 On the Park is a 68-storey luxury condominium tower located next to the Millennium Park in Chicago, and was completed in 2007. It is currently the second tallest all-residential building in Chicago, with 68 floors, which houses 344 residential units, and these are a combination of multi-bathroom and multi-bedroom units. The first residential tower in the Midwest to achieve Silver LEED Certification for its “green” design, it also boasts a large winter garden for its residents.

About Intellihot

Intellihot is an innovative designer/manufacturer of built-environment systems that challenge legacy approaches for sustainability. Under the leadership of founder and CEO Sridhar (Sri) Deivasigamani, today Intellihot offers a range of tankless water heaters designed and built for commercial applications with a focus on sustainability, cost savings, and water quality safety. Winner of an Edison Award for Best New Product in 2022, Intellihot serves the hospitality, restaurant, multi-family housing, senior living, commercial facility and plumbing industries. Intellihot has operations in suburban Chicago, Galesburg, Ill. and distributors across North America. Learn more at www.intellihot.com or by following the company on Twitter and LinkedIn.

About WAVE Equity Partners

WAVE Equity Partners (WAVE) is an independent sustainability-focused investment firm. We partner with early-growth companies whose proven clean technologies drive meaningful bottom-line impact and environmental benefits for large industrial manufacturers. Our industry knowledge and dedication to true partnership allow us to identify and support leaders whose innovative solutions are commercially accepted, deliver immediate impact and are poised to scale. WAVE is currently investing out of its third institutional fund and has approximately $440 million under management (AUM) as of June 30, 2023. For more information please visit https://waveep.com/ or by following the company on Twitter and LinkedIn.

Share:

WindESCo

WindESCo is a provider of wind turbine optimization systems intended to ensure that every wind turbine is optimized for maximum energy. The company’s systems maximize assets’ performance, energy production, and reliability to ultimately discover the hidden value of renewable energy plants, enabling clients to increase revenue by increasing annual energy production.

QiO

In a world where energy demand escalates alongside digital growth, QiO Technologies offers a beacon of innovation. Their DC+ software, powered by advanced machine learning, intelligently fine-tunes power management in data centers at the granular level of CPU operations. QiO technology is a testament to their capability to significantly enhance energy savings while ensuring peak performance.

Novolyze

Novolyze is a developer of a tech-enabled system designed to empower food and beverage companies to enhance food safety and quality performance. Their surrogate microorganisms technology specializes in food safety microbiology. It offers monitoring of steam pasteurizers, sterilizers, dryers, roasters, extruders, and ovens, enabling food companies to produce and provide clean food products to customers.

Micatu, Inc.

MICATU is a provider of next-generation optical sensing solutions for the measurement of voltage, current, vibration, and temperature for next generation grid intelligence solutions. Its solutions provide enhanced data fidelity, accuracy, precision, and the ability to sense harmonic disturbances in the grid before they become a problem for grid operators.

MayMaan Research Inc.

MayMaan is at the vanguard of addressing the 21st century’s critical global energy challenges. Their commitment to creating alternative energy solutions led them to develop an innovative engine/fuel combination. Their award-winning technology, running on a mix of 70% water and 30% ethanol, is set to replace traditional Internal Combustion Engines with a commercially viable, energetically superior, and less polluting alternative.

Living Greens Farm

Living Greens Farm has developed and commercialized an efficient semi‑automated system for indoor farming of leafy crops such as lettuce, spinach, kale and other crops. Like other indoor farms, LGF uses 98% less land, 95% less water than traditional farms, and eliminates pesticides, herbicides, and chemicals. In addition, it has been able to grow superior, robust, full sized plants at low cost.

Intellihot

Intellihot is a leading manufacturer of high-efficiency water heating systems for commercial and industrial markets. Their on-demand gas/propane-fired heaters operate at 95% efficiency, surpassing traditional products. Intellihot’s reliable and space-saving solutions reduce operating expenses by 30-60%, cut capital expenditures by 50%, and contribute to a sustainable future. 

Intelligent Fluids

Based in Leipzig, with a state-of-the-art manufacturing facility in Leuna, Intelligent Fluids employs and partners with top notch researchers to conduct cutting edge research and launch groundbreaking innovation. They have pioneered green impact chemistry for cleaning. A new era of professional cleaning materials for industrial applications that combine the highest performance with sustainability.

Gradiant

Gradiant is a water recycling company with broadly patented processes to purify and recycle toxic water with a global customer base in multiple industries, including desalination, power generation, textiles, oil and gas, leather tanning, and mining. After spinning out of MIT in 2013, the Company has quickly established a diverse business footprint while significantly impacting the world’s water supply.

Factorial Inc.

Factorial is a manufacturer of nano-engineered batteries designed for electric vehicles, homes, and critical applications. The company’s batteries increase energy density and improve capacity, have an extended life, and recharge faster than any other existing material, enabling battery manufacturers to use more environmentally friendly, safer, and less expensive materials.

CHASM Advanced Materials

CHASM produces a range of advanced materials, including carbon nanotubes, transparent conductive films, and nanometal inks, which are used in various applications, such as cement production, EV batteries, antennas, heaters, and flexible electronics. In addition to their advanced materials, CHASM also offers development and manufacturing services to help their customers bring their products to market quickly & efficiently.

Carbon Clean Solutions

Carbon Clean is a developer of carbon capture technology designed to help industries decarbonize and leverage the growing value of captured carbon. The company’s technology offers an energy-efficient process that provides improved capture rates and delivers industrial-quality carbon dioxide for reuse or sequestration, enabling clients to have easy, affordable, and scalable carbon capture.

AeroSafe Global

AeroSafe is a leading provider of ‘Cold Chain as a Service’ (CCaaS) to ensure safe, sustainable delivery and effective use of pharmaceuticals. Its reuse program includes high-tech reusable thermal packaging, outsourced supply chain services, and a temperature monitoring control tower, reducing carbon usage and landfill by 65% and 90%, respectively, compared to traditional Styrofoam containers.

Let us get to know a little bit about you

Please provide your pertinent details and we will send you a download link.

Subscribe to the
WAVE Newsletter

Keep in touch & stay up-to-date on the latest
news & insights from WAVE.