Existing investors including
According to the
However, the majority of motors today waste energy because they operate at a single speed. Since thirty percent of the growth in global electricity demand by 2040 is expected to come from industrial motors as the sector expands and shifts to electrification, according to Deloitte, adoption of higher-efficiency, variable speed motors in industrial applications is therefore critical for reducing energy and emissions.
Infinitum's advanced motors meet this challenge through a built-in variable frequency drive (VFD) that reduces energy usage by running the motor at lower speeds when possible. The motor is 50 percent smaller and lighter, uses 66 percent less copper and no iron in the stator, and consumes 10 percent less energy1 than traditional motors. Infinitum's air-core motors, so named because the stator does not have an iron core, replace the copper-wound iron core found in traditional motors with a lightweight printed circuit board stator that is 10x more reliable. Manufacturing and servicing Infinitum motors is less carbon intensive than traditional motors and the motor's modular design allows components to be reused multiple times.
'We believe replacing millions of outdated, single-speed motors with higher-efficiency, variable speed motors is key to helping the industrial sector meet sustainability objectives and solving the net zero challenge,' said Benoit Grobon, a director at Just Climate. 'Infinitum's motors are a disruptive, high-impact solution that can be produced at scale and easily implemented to benefit industry through reduced energy consumption and waste. We're pleased to welcome Infinitum's team to our portfolio of climate-focused companies and be a part of their growth journey.'
The implementation of advanced motor technology in the US industrial and commercial sectors has the potential to save 127 terawatt-hours per year (TWh/yr), translating into cost savings of
To accelerate the adoption of high-efficiency, variable speed motors across the global industrial sector,
'We recognize the vast opportunity that Infinitum's motors can have across numerous applications to make the industrial sector more productive and sustainable,' said
'Partnering with Just Climate, Galvanize Climate Solutions, NGP,
Advisors
Evercore acted as the exclusive placement agent for Infinitum in connection with this capital raise.
About
About Just Climate
Just Climate is an investment business dedicated to climate-led investing to address the net-zero challenge at scale. Our ambition is to identify and invest in high-impact solutions for climate mitigation, as well as to catalyse and multiply capital to scale them. We seek to harness the power of institutional capital to accelerate, and to set a new standard for, climate-led investing.
About Infinitum
Infinitum has raised the bar for a new generation of motor that is better for the planet and people. The company's patented air core motors offer superior performance in half the weight and size, at a fraction of the carbon footprint of traditional motors, making them pound for pound the most efficient in the world. Infinitum motors open up sustainable design possibilities for the machines we rely on to be smaller, lighter and quieter, improving our quality of life while also saving energy and reducing waste. Based in
Energy savings depends on several factors and may range from a few percentage points when compared to other premium efficiency motors to upwards of 65% when compared to older generation motors with no variable frequency drive or control systems.
Contact:
Tel: 512-466-4559
Email: egilmore@activateprmktg.com
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