Federal grant · cooperative agreement (b)
The Objective of This Project Is to Develop a Modular, Plug-and-play, Load-flexible Heat Pump With Low-cost Thermal Energy Storage (TES) for Space Conditioning and Water Heating, Capable of Improving the Performance of a Typical Residential Heat Pump by: 1) a 40% Reduction in Installation Cost and 50% Reduction in Installation Time 2) 4-HOUR Peak-load Reduction: 50% in Summer; 40% in Winter 3) a Tes Module Cost of Less Than $40/KWHTH, (including Connecting Hardware) 4) 25% Lower Electricity Use, Including That Used for Charging. 5) Payback Period of 2-3 Years Based on Significant Energy and Demand Savings.
Committed
$767,141
Paid out
$196.0K
26%
Committed, not yet paid
$571.2K
74%
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