T
Thermoelectric Conversion Systems
Thermoelectric power generation and solid-state cooling systems
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 dataAt 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
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| GRANT✓Other financing | Nov 2024 | $66K | — | UK Research and Innovation | — |
| GRANT✓Other financing | Mar 2023 | $198K | — | Undisclosed | — |
Growth signals
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.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
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
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
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