$688 million
Average annual impact of SCRA on South Carolina
“If it weren’t for SCRA’s SC Launch program, we wouldn’t be where we are today. The funding and support really helped and gave us a lot of credibility for future rounds of financing.” Jerry Callahan, CEO, Heatworks
4,099 Yearly average SC-based jobs supported by SCRA
$71,245
Average salary of jobs created by SC Launch companies
1.3 million
Total square footage of research, lab, collaboration and office space managed by SCRA
$48 million
Grants and investments funded to fuel innovation in South Carolina
HEATWORKS
Region: Coastal Industry: Advanced Manufacturing and Materials Funding Received: SC Launch, Inc. Investment
Heatworks is reinventing the way the world heats and uses water. Using their patented Ohmic Array Technology, Heatwork’s products do not use traditional heating elements. Instead, through graphite electrodes and advanced electronic controls, the naturally occurring minerals in water are excited, directly and efficiently heating the water. Nothing gets hotter than the water itself, resulting in zero scaling and corrosion. The company’s focus is on the three P’s: purity, precision and performance. Heatworks is located in Mt. Pleasant, SC and was accepted as an SC Launch Client Company in 2011. They received a $200,000 investment in 2011 and a second, $250,000 investment in 2012.