Xergy Inc, Wins GE Ecomagination Award

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Bamdad Bahar & Richard Williams, Founders of Xergy Inc (a company based in Georgetown, DE) receive GE's Ecomagination Award on 6/24/11

Founder, Bamdad Bahar, said: We believe this invention is disruptive for the refrigeration industry. We hope to be able to place Delaware on the leading edge of a new global industrial revolution creating a sustainable future for our planet.

Xergy Inc. a high technology company based in Georgetown Delaware is proud to announce that it has been selected as one of five winners of GE’s ecomagination global innovation award.

GE is driving a global energy transformation with a focus on innovation and R&D investment to accelerate the development and deployment of clean energy technology. Since its inception in 2005, 110 ecomagination-approved products have been brought to market with revenues reaching $18 billion in 2010. The company will invest $10 billion in R&D over five years and double operational energy efficiency while reducing greenhouse gas emissions and water consumption. As part of the initiative, GE launched “GE ecomagination Challenge: Powering the Grid”, a $200 million financial commitment challenging innovators to join in developing clean energy technologies. It is extending this Challenge with the “GE ecomagination Challenge: Powering Your Home,” to develop technologies that help households manage their energy usage. For more information, visit the ecomagination website at http://ge.ecomagination.com/index.html.

Bamdad Bahar, co-founder and inventor of Xergy’s technology visited New York on June 24rd to formally receive the award with co-founder Richard L. Williams. Bamdad made the following statement to industry media during the internationally televised event:
“I am very proud of our team, and GE’s recognition of our hard work. This has been a very long process for us of quietly doing our work while operating our other businesses. Quite frankly without an incredible business community in Delaware, it would have been impossible to get this far. First of all Delaware is home to the global leaders in the solid state ion exchange membrane technology with Dupont, Gore, and Ion-Power all based there. Secondly, it is also home to the University of Delaware that has one of the leading Chemical Engineering Departments in the world. It is astounding that we were able to access renowned Professors like Stanley Sandler with a simple phone call and ended up very quickly conducting very complex thermodynamic modeling that supported our development. It is important to note too, that without the opportunities afforded to us by many local companies such as Perdue Farms, who strongly believe in supporting local communities, we simply would not have been able to devote the resources to bring our inventions to this stage. The Delaware Economic Development Office was instrumental in assisting us with permitting for our labs; and our local community bank, County Bank of Rehoboth has been pivotal with further assistance to accelerate our programs. In truth, this really is a tribute not to us, but to the whole commercial infrastructure in Delaware. We hope to be able to place Delaware on the leading edge of a new global industrial revolution creating a sustainable future for our planet and transforming how the world creates, connects to and uses energy.”

Xergy Inc was founded in 2009 to commercialize a series of patents based on “electrochemical compression” to launch a new class of clean, green compressors for the refrigeration and cooling industry. Xergy’s technology is based on utilizing electrochemical compression of clean non-GHG (non-Green-House-Gas) depleting refrigerants. This technology provides for highly-efficient, noiseless, vibration free, modular and scalable Cooling Systems. This technology is potentially transformational and disruptive for the conventional refrigeration industry. It uses stable and well-understood technology from the Fuel-cell industry in a novel fashion that simply uses electricity to produce refrigeration without the need for motors or polluting refrigerants. Devices utilizing this technology could be deployed in any number of commercial, residential and automotive applications in a cost-effective, efficient and planet-friendly manner. It leverages existing proton-exchange-membrane technology with hydrogen’s excellent thermodynamic characteristics and ability to co-exist with other fluids, to operate a clean and efficient refrigeration cycle.

Funds from this award will be used to expand our facilities and hire additional scientists. For more information, please call Cassandra Asher at 302-856-3500. Xergy is based at 310 North Race Street, Georgetown, DE 19947.

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