UConn VC Invests in Climate Tech Company
Hillside Ventures, the early-stage venture fund of the University of Connecticut, has announced a minority investment in Enviro Power, a climate technology company.
Enviro Power focuses on transforming the heating industry with its innovative SmartWatt Boiler. The investment from Hillside Ventures will support Enviro Power in expanding its marketing and sales efforts to reach a broader audience and advance its goal of decarbonizing the built environment. “We are excited to partner with Hillside Ventures in our mission to promote sustainable energy solutions,” said Dan Nadav, CEO of Enviro Power. “Our goal is to make it easy for everyone to implement clean energy programs with an efficient and attainable solution. ”
The SmartWatt Boiler replaces aging heating equipment with a cost-effective solution that generates clean energy at high efficiency. It captures and converts heat and steam lost in traditional boilers into free electricity.