ClimateWell®, who is the company and legal entity that owns the SaltX Technology including all patents and trademarks, was founded in 2002 when the inventor and entrepreneur Mr. Göran Bolin acquired a patent from a scientist in Åland, Finland – Mr. Ray Olsson. Mr. Bolin had during the 90’s successfully built his company Solsam Energy to become the pioneer and leading company in solar industry in Sweden and Scandinavia. Bolin as the CTO and Olsson as the chief chemist, both are still very much active in the Company.
With the financial backing from Swedish Industrial Growth Fund (“Industrifonden”) and others venture capital firms, Solsam Energy changed names to ClimateWell® and Mr. Bolin started to develop a solar-driven air conditioning product called SolarChiller. The SolarChiller was launched in 2007 and manufactured in a proprietary factory in Spain for the sales and distribution to residential buildings.
In the wake of the financial crisis in 2009 and the collapse of the Spanish construction market, ClimateWell® decided to focus on its core technology and integrate it to various OEM products instead of selling its own products. In 2010, ClimateWell® won General Electric’s global innovation challenge – the GE “Ecomagination Award” – in competition with over other 70,000 applicants. Shortly thereafter ClimateWell signed a joint development contract for GE’s next generation and energy efficient water heating appliance.
Ever since the Company changed its strategy and divested the SolarChiller product, ClimateWell® has secured a handful of prestigious brands and OEM customers such as Dometic, Rheem, Alfa Laval, Caterpillar, Mobile Climate Control and Vaillant.