Thermulon fundraise to support development of innovative thermal insulation product
by Startacus Admin
Thermulon launches CrowdCube campaign to help bring its innovative aerogel solution to the fast-growing global thermal insulation market.
A new crowdfunding campaign has been launched by Thermulon, a London-based startup to support the development and commercialisation of its innovative aerogel product, which aims to make buildings energy efficient without any compromises on fire safety.
Although aerogels are the most insulating materials available, the production costs of developing thermally efficient and fire safety-compliant products have been hugely challenging for the construction sector. Thermulon has addressed this directly by developing a production process which utilises new continuous chemical pathways to produce an affordable aerogel without any detrimental impact on either fire safety or thermal performance.
Thermulon, which was founded in 2019 by Chemistry PhD Dr Samuel Cryer; chemical and process engineering specialist Alexander Murdock and Rozalie Ryclova, a business development professional, hopes to use the investment raised via its CrowdCube campaign to further develop its production processes, expand its advisory team and support its route to commercialisation.
The company plans to target the UK retrofit market of solid-wall properties, the UK high-rise building market as well as extending its offering to the global thermal insulation market, which is set to grow substantially in the next few years. This growth will be driven by both the demand for better home insulation to reduce CO2 emissions as well as key safety factors including legislative requirements to replace the cladding on many residential buildings across the UK, following the Grenfell fire tragedy in 2017.
CEO, Dr Samuel Cryer, explains: “Through our innovative production methods, we are developing a means of producing an aerogel which is cost-effective, energy efficient and fire resistant. This is game-changing for the construction industry at a time when there is a major focus on enhancing energy efficiency in buildings and delivering high safety standards within cladding on residential developments.
“Our innovation has also been recognised for its significant potential by organisations including the Royal Society of Chemistry, the Royal Academy of Engineering and a number of grant funding bodies whose support is helping us develop and commercialise our proposition. The CrowdCube fundraise is a further key step in this process which will support Thermulon in bringing its product to the substantial and fast-growing thermal insulation market.”
If you’d like to find out a little more about supporting Thermulon’s game-changing innovation, simply check out its crowdfunding campaign.
Best of luck to the Thermulon Team!
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Published on: 8th September 2021
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