Intellihot’s Electron Series of the world’s first tankless heat pump water heaters was recently recognized as one of the winners of the Sustainability Product of the Year Award 2023 by Business Intelligence Group. The victory proudly puts Intellihot in an elite list of businesses like IBM and Mastercard.
The Electron is the world’s first tankless heat pump water heater. It absorbs energy from the air around it and uses that energy to heat water – like a reverse air conditioner. It heats water on-demand without storing it in a tank – the world’s first heat pump water heater to do so.
With an efficiency of 420%, the Electron effectively moves more heat energy than it consumes. Using a CO2-based refrigerant, the product has zero Ozone Depleting Potential and the lowest-possible Global Warming Potential of 1. Designed to meet commercial applications of any size, the Electron marks a giant stride towards the reduction of reliance on natural gas for water heating.
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.
