HTMS Secures €2.3m in DTIF Funding
A DCU consortium led by HT Materials Science Ltd (HTMS) has secured €2.3m in funding from the Disruptive Technologies Innovation Fund (DTIF) in Ireland
02 October 2025
The project, DLCool, is a collaboration between three partners, two based at DCU:Innovate Hub, HTMS and Exergyn Ltd, and DCU. The DCU academic leads are Dr Lorna Fitzsimons (School of Mechanical and Manufacturing Engineering) and Dr Darren Fayne (School of Chemical Sciences). DLCool was the only project to receive an award in the “manufacturing & materials” category of this call.
A defining strength of this collaboration is the close and growing integration between DCU researchers and innovation-driven companies based at DCU:Innovate Hub.
Denis Kearney, General Manager (Ireland), HT Materials Science Ltd, commented:
"We are delighted that our project has been approved under DTIF-7. This €3.7 million initiative, supported with €2.3million in grant aid, represents a major step forward in developing novel thermally conductive nanofluid additives for next-generation cooling solutions. As project lead, HTMS will drive innovation in direct liquid cooling for data centres, solid state heat pumps, and electric batteries - three critical sectors for Europe's energy transition. This award not only recognises the potential of our technology but also underlines Ireland's role in pioneering advanced materials to deliver both sustainability and performance at scale."
Kevin O’Toole, Co-Founder and CTO, Exergyn, added:
"This project brings together leading academic expertise and industrial know-how. We're excited to advance thermal management technologies, strengthen Ireland's manufacturing base, and open new commercial opportunities for our solid-state platform."
With this funding, DCU further consolidates its reputation as a research and innovation partner to industry, bridging AI, advanced manufacturing and thermal systems to industrial applications.
Commenting on this, Prof John Doyle, Vice-President for Research at Dublin City University, stated:
"DLCool exemplifies the power of collaboration between academia and industry and the importance of location on a university Innovation campus such as DCU:Innovate Hub. By combining DCU’s research excellence with the innovation capacity of our partners, this project has the potential to transform sustainable cooling technologies and deliver real impact for Ireland and beyond.”