Towngas backs i2Cool to boost product development and expansion

i2Cool’s products are being used in over 100 projects worldwide.

The Hong Kong and China Gas Company Limited (Towngas) announced its participation in the Series A funding round for i2Cool, which is an energy-saving new materials company behind the “electricity-free cooling technology.”

Towngas said the funding is expected to help i2Cool advance its technology and product development, and tap global markets.

The “electricity-free cooling technology” project was awarded the Gold Award in the second TERA-Award Competition.

i2Cool’s core products include electricity-free cooling coatings and films, which have been integrated in over 100 projects worldwide, including the Chinese mainland, Hong Kong, Macau, Southeast Asia, the Middle East, Europe, and the United States. These products have been used in different fields such as construction, chemical engineering, power-line communication, new energy, logistics, grain storage, and photovoltaics. 

The company is also building an electricity- free cooling ecosystem to accelerate the commercialisation of products such as cooling ceramics, temperature-controlled textiles, and automotive paints.

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“In the future, with the support of new and existing shareholders such as Towngas, i2Cool will continue to focus on the research, development, and application of the electricity-free cooling technology, providing efficient and energy saving comprehensive cooling solutions to contribute to the promotion of low-carbon development globally,” i2Cool co-founder and CEO Martina Zhu Yihao said.