As per ESG Today, heat pumps are quickly emerging as more sustainable solutions for heating and air conditioning, since they reduce the reliance on fossil fuels and generate fewer greenhouse gas emissions. Experts at the International Energy Agency (IEA) believe that heat pumps have the ability to cut pollution by as much as 500 million tons of CO2 by 2030.

Heat pumps are devices that use a technology similar to that found within our refrigerators, meaning that it extracts heat from a source, such as air, geothermal energy or water. Using that heat, it amplifies it and sends it through pipes within a building.

New Hampshire-based Evari, previously known as MTT, creates supersonic, pocket-sized, turbocompressors that can be used to power heat pumps in applications such as electric vehicles or residential and commercial refrigeration devices. By design, the company's turbocompressors are said to be 50% more energy efficient, while also having a lower cost of production compared to others on the market.

Evari CEO Steve Walker said that "this tiny, palm-of-your-hand-sized compressor will help lead the globe into a greener era. As we enter our next stage of rapid growth, our team is grateful to have the support of mission-driven investors and scale-up experts who can guide our go-to-market strategies."