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Stock impact report

Karman Industries hopes its SpaceX-inspired heat pumps will replace industrial boilers [TechCrunch]

HELIOGEN INC (HLGN) 
Company Research Source: TechCrunch
After all, it's pretty hard to beat a flame when you need to heat something up. But recently, a slew of startups have started exploring ways to make heat using electricity. Some, like Rondo, Antora, and Fourth Power , rely on cheap wind and solar to heat specialized bricks to thousands of degrees, storing the thermal energy for later use. Others, like Skyven Technologies, have developed industrial-scale heat pumps that use a series of compressors to achieve the desired temperature. Heat pumps are particularly suited to supplying the not-quite-searing heat used by food and beverage manufacturers. New Belgium Brewing, for example, agreed last year to install a 650-kilowatt heat pump boiler from AtmosZero at its Colorado headquarters. That's exactly the sort of installation targeted by Karman Industries , a heat pump startup which until now had operated in stealth. To replace industrial boilers, the company draws inspiration from SpaceX's rockets, co-founder and CEO David Tearse to Show less Read more
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