SeaWarm Secures £1M to Accelerate Clean Heating Tech in Scotland
SeaWarm, a Scottish cleantech startup, has secured £1.05 million in funding to accelerate its innovative renewable heating technology. The company aims to cut 20,000 tonnes of CO2 and save 10 MWh of electricity over the next five years in Scotland's coastal communities.
SeaWarm's modular heat exchanger system uses water to provide affordable heating and cooling, significantly reducing fossil fuel use and carbon emissions. Each unit can generate 13kW of heat from one litre of water per second, sufficient for most small to medium homes. Long-term targets include high-demand commercial facilities such as marinas, hotels, and community buildings.
The funding came from a variety of sources, including Equity Gap (£250,000), Scottish Enterprise (£250,000), and Old College Capital (£50,000). Professor Christopher McDermott, co-founder of SeaWarm, expressed gratitude for the support, stating it will accelerate growth and deliver cost-effective emission-cutting solutions. Fraser Lusty of Equity Gap praised the potential of SeaWarm's technology to make a measurable difference in heating and cooling costs and emissions.
SeaWarm's system can reduce CO2 emissions by up to 90% compared to oil and gas, and around 70% compared to electricity. Initial demonstration sites include Port Edgar Marina, LAR Housing Trust, Growforth Ltd, and the Museum of Lead Mining. With the secured funding, SeaWarm is poised to make a significant impact on Scotland's heating landscape.
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