Nick Johns-Wickberg
Heating and cooling start-up Conry Tech has announced the closure of a pre-seed round of funding that brings its total capital raised to $8.7m. The company’s founders – Ron Conry, M.AIRAH, Sam Ringwaldt, M.AIRAH, and Brenda Ringwaldt – aim to eliminate a billion tonnes of air conditioning-related CO2 emissions.
Conry Tech has developed the Bull Ant, a modular air conditioning unit that the company describes as small, powerful, highly efficient, and designed for commercial buildings and data centres. With the latest Cold Hard Facts report estimating that Australian refrigeration and air conditioning used around 25 per cent of all electricity generated in Australia in 2022, the company is looking to use its funding to speed up the roll-out of the Bull Ants.
Conry Tech says its Bull Ants can cut the energy use and emissions of a commercial building’s air conditioning by 40 per cent. The company describes its Bull Ant units as different to traditional commercial air conditioning units that take up lots of space, are expensive to maintain, and consume significant power.
“As we approach another record-breaking summer, the Bull Ant could be Australia’s answer to one of the biggest, yet most easily ignored polluters on the planet,” says Sam Ringwaldt. “We started with a blank piece of paper, with a mission to revolutionise air conditioning, knowing that approximately 10 new air conditioners will be installed every second for the next three decades.
“The result is a modular system that cuts AC electricity use by 40 per cent, which is an essential step for countries like Australia as they transition to renewables and focus more efforts on removing excess energy from the grid. It is also designed to appeal to emerging nations which have never used much AC, where adoption is accelerating exponentially now. We want to build a Bull Ant army, and we will begin installing our first units in Australian commercial spaces this year.”
Conry Tech was established in 2020 and is based in Melbourne.
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