A Raleigh, North Carolina-based maker of thermoelectric coolers and generators, Phononic Devices, closed a $10 million series B investment from Venrock and Oak Investment Partners, the companies revealed today.

Often explained as “solid-state heat pumps,” thermoelectric technology (a.k.a. thermoelectrics) can capture wasted heat, and convert it into power. They can also displace heat and… → Read More