Why air conditioning is more power hungry than chilled and filled with industrial espionage

Air conditioning is doesn't sound like a sexy startup problem, but Conry Tech cofounder Sam Ringwaldt knows more than most how profound its impact on us and the planet will be as climate change takes hold. "It's a really vicious irony that the main solution that we're relying on to mitigate the change is also accelerating the change faster than nearly anything else," he explained on the Startup 360 podcast. "I mean, there's 864,000 new air conditioners being installed every day from now until 2050." Forget AI data centres or any other power consumer on the planet, air conditioning, something we don't think about because we mostly don't see it, is the only game in town, he explained. "Air conditioning is actually the sector that's expected to drive most of the growth of demand of electricity," Sam explained. "In fact, 50% of the growth of electricity over the next 30 years is all going to be air conditioning. And we're talking about comfort here. We're not even talking about food chains, pharmaceuticals, or the other applications." Startup 360 this week makes air conditioning sexy again as a major climate tech issue. Sam and his eponymous cofounder, 60-year industry veteran Ron Conry, raised $3 million in venture funding this week for their latest revolution, BullAnt, an air-conditioning system that has completely rethought how cooling is delivered, with the potential to save up to 50% of consumption and power bills for users. And if you think it all sounds sedate, Sam recounts the time their engineers were followed home and robbed and factories in Melbourne and Canada were ram-raided, with files and computers stolen in moments that sound like a spy thriller. Sam and Ron were responsible for the last great innovation in air conditioning 25 years ago - back when the Nokia 3310 was the world's best-selling phone, so HVAC (heating, ventilation, air conditioning) is overdue for disruption and if anyone's going to do it, it's these two with Sam's wife, Brenda, alongside as Conry Tech cofounder. Also on the show this week, cohosts Majella Campbell and Simon Thomsen talk about the latest Cut Through Venture funding report for the September quarter. Startup 360 is more founder fund than founder mode. It’s all about finding out what makes people tick and staying human. Subscribe to the show on Apple, Spotify, and YouTube, and don't forget to read StartupDaily.net for all the ANZ tech news for free! Startup360 is a SmartCo Media production. This episode is supported by Vanta, helping startups unlock market opportunities through automated compliance.