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Pascal Secures Additional $9.3M to Advance Initial Commercial Deployments of its Next-Generation Cooling Technology

3M

The only American company developing solid refrigerants, Pascal has proved its technology is on par with conventional vapor-compression systems and signed a multinational beverage manufacturer as its first commercial partner.

WATERTOWN, Mass., October 21, 2026--Pascal, a developer of solid refrigerant technology for next-generation cooling systems, today announced it has raised an additional $8.5 million in venture funding co-led by Sazze Partners and LB Investment, with KDB Silicon Valley also participating. The company has also secured $839,000 in grant funding, including a $500,000 ARPA-E grant from the U.S. Department of Energy, and $239,000 InnovateMass and $100,000 Climatetech Tax Incentives Program grants from Mass Clean Energy Center, bringing its total funding to date to $17.3 million. The fresh capital will be used to support Pascal's initial deployments with a multinational beverage manufacturer as it advances its technology toward industrial-scale applications.

With global temperatures rising and AI driving demand for energy-intensive data centers, cooling systems have never been more critical. However, today's HVAC technologies rely on hydrofluorocarbons (HFCs), a group of synthetic gasses that leak into the atmosphere and contribute to ~2% of total greenhouse gas emissions – more than the entire aviation industry. HFCs are also flammable and newer versions contain PFAS. Pascal develops solid refrigerants that are non-flammable, PFAS-free and achieve cost parity with conventional systems. These solids operate in the same pressure range as typical gas refrigerants and can be used across a range of HVAC applications.

Delivering Energy and Cost Savings with First Customer Agreement

Pascal recently completed a working prototype of its pilot refrigerator and is preparing to deploy the system at a leading, multinational beverage manufacturer. The company expects this initial deployment to validate energy-efficiency and cost improvements, and progress to the next phase of the project in early 2027. Pascal's current commercial work is focused on beverage cooling applications, however its solid refrigerant technology can scale up to offer cooling solutions for large buildings, including data centers.

"Pascal is reimagining cooling without the climate cost, because the centuries-old vapor compression systems humanity relies on are long overdue for an upgrade," said Adam Slavney, co-founder and CEO of Pascal. "We've now proved that solid refrigerant systems are just as efficient as a conventional vapor-compression system doing the same job and are expecting further improvements in the near future. With this new funding, we gain the resources to bring Pascal's cooling technology to more commercial partners seeking lower costs, higher efficiency and reduced emissions. This is the next step in turning years of technology development into a product that can scale."

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