Phononic raises a cool $40 million to make quiet, spacious refrigerators

 Refrigeration and air conditioning used to require vapor compressors, chemicals like Freon, fans, water chillers or passive heat sinks. But a North Carolina company called Phononic has developed solid state refrigeration technology instead.
Phononic, which employs about 110 full-time today, just raised an additional $40 million in equity funding to rapidly expand manufacturing of its… Read More