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Thermoelectric Conversion Systems

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Thermoelectric power generation and solid-state cooling systems

Clydebank, United KingdomFounded 2014Energy
Headcount <100 Current team size
Total funding $0–10M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Thermoelectric Conversion Systems and the history behind them.

About Thermoelectric Conversion Systems

Thermoelectric Conversion Systems Ltd. (TCS) is a Scottish technology company specializing in thermoelectric applications for heating, cooling, and power generation. Founded in 2015 by Dr. Andrew Knox along with several of his former students, the company operates from Clydebank Business Park near Glasgow. Dr. Knox, the Technical Director, leads research and development, leveraging his extensive background in Electrical and Electronic Engineering and his time leading the Thermoelectrics Research Group at Glasgow University. Jonathan Siviter serves as the Managing Director, heading business development and marketing. Elaine Knox acts as the financial and administration manager and is also a director.

The firm designs and manufactures a wide range of thermoelectric products in-house, which it exports globally. Its offerings include power generation and conversion products, cooling systems, high-performance heat pumps, and associated technologies. The business serves a diverse client base across the electronics, automotive, medical, industrial, and academic sectors. A key focus for the company is the development of solid-state heating and cooling systems that do not use environmentally harmful refrigerant gases, aiming to decarbonize the sector. One of its notable projects involved developing a two-stage "smart" heat pump integrated with thermal storage to create a compact and efficient home energy system.

In addition to its standard product line, TCS provides comprehensive testing services, consultancy on thermal and electronic systems, and the design and manufacture of bespoke test equipment, heat pumps, and cooling systems. The company's business model includes the sale of its standard products as well as customized design and manufacturing services, with a flexible approach to customer engagement and rapid prototyping.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2014
Headquarters
Clydebank, United Kingdom
Employees
10
Open positions
None listed
Dealroom signal
69.9/100
Industry
Energy
Sub-industry
Energy Efficiency
Sector
Energy, Spinout, Sustainable Development Goals, Heat Pump, Climate Tech, Building Energy Efficiency, Efficient Air Cooling and Heating, uk is8 clean energy industries, UKSU, UKSU2010
Business model
Manufacturing
Client focus
b2b

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
GRANT✓Other financing Nov 2024 $66K — UK Research and Innovation —
GRANT✓Other financing Mar 2023 $198K — Undisclosed —
Showing the latest 2 of 5 recorded eventsBook a demo for the full funding history →

Growth signals

Thermoelectric Conversion Systems website traffic

Latest recorded traffic for Thermoelectric Conversion Systems is 360 monthly website visits, down 67.3% over the last three months. Thermoelectric Conversion Systems's team grew 11.1% over the past year.

Latest monthly visits360 3-month web change-67.3% 1-year team growth+11.1%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

3 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • UK Research and Innovation

Other known investors2 additional known investors

  • University of Glasgow
  • Scottish EDGE
Team profiled 1 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇬🇧 United Kingdom · Clydebank HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Thermoelectric Conversion Systems on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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