Goldman Sachs completed the $50m investment in Phononic.

Goldman Sachs completed the $50m investment in Phononic, a climate friendly cooling tech firm. "The historical refrigerants that had been used for vapor compression systems, they are both toxic and global warming contributors. While the global warming impact had been reduced, refrigerants still had issues with toxicity and flammability," Tony Atti, Phononic Co-founder and CEO.