Radiator Labs developed an insulated radiator enclosure with a thermostatically controlled fan that releases heat from the radiator only when the thermostat requires it. The enclosures address the common issue of wasted heat in apartment buildings, where boilers are oversized and radiators lack a means of controlling heat, causing residents to open windows to cool off overheated rooms in the winter. Radiator Labs’ solution is called the “Cozy”.
NYCEEC provided a full recourse loan that enabled Radiator Labs to cover manufacturing and installation costs. Radiator Labs would pay off the loan to NYCEEC after the host buildings and NYSERDA released payment.
- Project type: Energy efficiency
- Total project cost: $317,000
- Financial product: Equipment loan
- NYCEEC role: $239,000 loan