The Stash Energy Storage system works with conventional heat pumps to thermally store energy for later use, which prevents usage during peak times.
Peak times are the most costly for utility companies, causing heavy demands on generating stations. Peak times affect both operating costs and C02 emissions.
The technology will show significant savings to utility companies, which in turn can reduce customer home heating costs by 30-50%. The thermal energy is stored in affordable and environmentally friendly materials.
Stash was founded by 3 engineering students from the University of New Brunswick: Jordan Kennie CEO, Daniel Larson COO, and Erik Hatfield CTO. The team has been involved in numerous accelerator programs, including the Master’s in Technology, Management and Entrepreneurship Program at UNB, UNB’s Summer Institute, and have formed the first cohort of Energia Ventures, a cleantech focused accelerator program run in collaboration with UNB, NB Power, and Siemens. They were also a competitor in the NBIF’s 2017 Breakthru competition.