Today, most of the world’s energy is produced from heat engines: heat is produced from gas, coal or nuclear reaction and converted into electricity. The problem is that most of the heat is emitted and wasted. The engine developed by Rothschild and Tamir absorbs the heat emitted from other engines with high efficiency and converts it into electricity.
Luminescent has already raised $7 million in a seed round from venture capital funds, and plans to develop a solution for storing renewable energies based on the technology.
