NAVITASMAX awarded $1M program by U.S. Department of Energy - Ahwatukee Foothills News: Money

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NAVITASMAX awarded $1M program by U.S. Department of Energy

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Posted: Friday, October 7, 2011 1:30 pm

RESEARCH

NAVITASMAX, a renewable energy storage company in Chandler, has been awarded a $1 million program from the U.S. Department of Energy's Advanced Research Projects Agency-Energy (ARPA-E) for groundbreaking energy research.

NAVITASMAX will develop a novel heat storage method for solar and nuclear applications that will improve thermal energy density over existing systems by an order of magnitude. The project team will conduct a one year "proof-of-concept seedling" program, which will enable low cost efficient thermal energy storage.

NAVITASMAX is headquartered in Chandler, is part of the Chandler Innovations Science & Technology Incubator. The Incubator was developed by the city of Chandler and provides start-up companies space to work and grow.

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