WALTHAM, Mass. — GMZ Energy, a developer of high temperature thermoelectric generation (TEG) technology, has announced the appointment of Scott Rackey as vice president of business development. In his new role, Rackey is responsible for scaling GMZ’s business model and developing strategic partnerships to help the company continue on its path towards commercialization.
TEG directly converts waste heat into electricity. GMZ Energy uses patented processes to manufacture thermoelectric materials that the company says can be used across multiple applications, including natural gas-fired home heating equipment, to improve performance and increase efficiency.
Rackey has more than 13 years of experience managing early-stage technology teams. Previously, he was CEO of four energy startups where he raised over $20 million in venture capital and gained strategic and technical understanding of various energy and manufacturing businesses.
Cheryl A. Diuguid, CEO of GMZ Energy, said, “I am pleased to welcome Scott to GMZ’s leadership team at such a critical time in the company’s history. His technical expertise and entrepreneurial background will be crucial in helping us better communicate GMZ’s value to current and potential OEM partners.”
Rackey said, “I’m excited to join GMZ, a true leader in the growing thermoelectrics industry. The company’s patented solutions provide unparalleled benefits to OEMs in many industries, and I look forward to helping GMZ commercialize its high-efficiency TEG modules.”
For more information, visit www.gmzenergy.com.
Publication date: 9/1/2014