NanoFLUX SIGNED

Project "NanoFLUX" data sheet

The following table provides information about the project.

 Partnership

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 Project objective

Heat exchangers are core components of many energy intensive applications in heating and cooling. They have not benefited from much improvement in performance for many decades. However, European legislation to limit greenhouse gas emissions and the prospect of bans on refrigerants (and the side effect of rising refrigerant prices) is driving change. Oxford nanoSystems is uniquely positioned to help manufacturers and system integrators meet the ambitious timetable of regulations, while saving them money and resources. Oxford NanoSystems has devised NanoFLUX, a novel process for the application of nanostructured heat transfer coatings, which greatly improves the efficiency of heat exchangers. Heat exchangers, and by extension systems such as air conditioning or refrigeration units, are made more efficient (-40% energy), more compact (-50% size and weight), with and require -70% less refrigerant – which both cuts costs and reducing greenhouse gas emissions. The cost effective NanoFLUX process treats pre-manufactured components, so the innovation can be easily integrated into existing volume plant lines with low upfront investment, achieving scale quickly. The company aims to penetrate a servicable market of over €2.2bn, within an overall €26bn heat exchanger market, growing at CAGR 8.2%. The innovation has already gained significant market interest: NanoFLUX has achieved step-change improvements in tests on the most efficient devices of manufacturers such as SWEP and Alfa Laval. The team includes experienced entrepreneurs, first class engineers, and decades of commercial experience in heat transfer industries. Oxford NanoSystems aims to build from existing R&D revenues, reaching scale commercial contracts by 2021, achieving €30 million revenue and over 200 job creation by 2024. It will contribute to boosting the declining EU leadership position in sustainable and innovative heat transfer technologies.