02 Jun Priority Cool®’s Surprising Growth Catches the Eye of LI’s New Biz Website
Priority Cool®’s business plan is a hot topic for Innovate Long Island, the new online site founded by John Kominicki, the former publisher of the Long Island Business News.
In a fascinating in-depth look at the Bay Shore-based company, Innovate Long Island’s reporter Gregory Zeller details the approach to the potentially $10-trillion refrigerant replacement market taken by Green Way Solutions, dba Priority Cool®, as guided by Rudy Holosek, chief operating officer, and Frank Galante, chief operating officer.
The company began making its patent-pending hydrocarbon blend in January when it opened its 10,000-square-foot manufacturing facility in Idaho, but it is already planning to expand the plant’s output by 400 percent.
“We wanted to start small for reasons of investment,” Holesek tells Innovate Long Island, “but even just a few months in, we’re at the limit of our capacity.”
Priority Cool® estimated its 2015 sales to be $3 million, and that’s just from beginning to tap the lucrative Pacific Rim nations, not the enormous U.S. market.
As the article makes clear, the driver for Priority Cool®’s growth is the coming regulatory rush to find new refrigerants that don’t deplete the ozone layer by the year 2020 as demanded by the Montreal Protocol, the historic UN environmental agreement.
“Everybody knew 2020 was coming,” Holosek says. “But the United States, even though it was a major author of the Montreal Protocol, has been one of the last to embrace the alternate refrigerants.”
Priority Cool®’s team believe their team has created “the best damn refrigerant in the world,” Galante tells Innovate Long Island.
And thanks to their foresight, the rest of the world seems ready to catch on.
“When you have a product that will satisfy those environmental requirements and also reduce energy usage,” says Holesek, “that’s a real win-win.