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Wells Fargo was an early investor in Turntide Technologies, which makes switched reluctance motors that drive down energy consumption for HVAC systems by an average of 64%.
Share this article Share this article SUNNYVALE, Calif., March 1, 2021 /PRNewswire/ -- Turntide Technologies (Turntide), the company responsible for the Smart Motor System, the world's most sustainable electric motor with digital DNA, announced today that it has signed a definitive agreement to purchase Riptide, a next-generation building automation company whose software is driving the transition to smart, cloud-managed buildings. The operation of buildings is responsible for 40% of CO2 emissions worldwide. According to the U.S. Department of Energy (DOE), one-third of energy used in comme...