Dalrada Financial Corporation, the manufacturing, engineering and healthcare solutions company, announced this Thursday the launching of a new solution for water heating that has up to 300% of energy efficiency.
Firstly, the development is branded as Likido HOME, a residential water heater that uses top notch technology; significantly reducing energy costs as well as greenhouse gas emissions. The product was developed by Daladra’s portfolio company Likido Limited.
Secondly, the Likido HOME uses a high temperature supercritical CO₂ micro heat pump; which replaces natural gas or electricity to heat the water. It also has a patent-pending drop-in design which, overall, offers up to 80% of energy costs savings.
Thirdly, the Likido HOME by Dalrada has an initial market focus in the U.K, the European Union and the United States.
Moreover, the product intends to fill the gap of phased out conventional water heaters. In fact, gas boiler water heaters will be banned in the UK by 2025, in newly built homes. Also, by 2035, fossil fuel burning boiler water heaters will be phased out and replaced with heat pump technology and district heating.
Also recommended for you: Anvil Energy and Boomerang merge to create a $300M upstream fund for borrowers. Click here to read.
Dalrada and Likido HOME to fill a gap in industrial and residential heating
In addition, heating is the largest single source of carbon emissions in the U.K. Currently, only one million of the 27 million homes in the UK have a low-carbon solution for heating. On the other hand, in the United States, residential energy use accounts for 20% of greenhouse gas emissions.
Consequently, Likido HOME by Daladra would help customers to reduce their reliance on the combustion of fossil or biomass fuels. Indeed, the device works with a heat pump replacement and energy transfer method; for homes and businesses to align with industries in the global goal of achieving net zero by 2050.
In particular, the device uses a low-carbon, industrial, all-in-one heating and cooling pump; which uses supercritical CO2 as a “natural non-toxic; also, non-flammable and CFC/HFC-free working fluid” to heat and cool. According to the statement, based on an average 250-bed hotel, a single Likido Home module could save an average of $110,000 per year of energy costs.
Finally, Brian Bonar, CEO of Dalrada, states, “Likido HOME is a perfect example of how industries and consumers can improve quality of life, aid the environment, and work together to support climate change policy.”