Cresstec’s Visionary Energy Solutions Propel Them to Victory at World Future Awards

Cresstec Pty Ltd, a pioneering leader in sustainable technology solutions, has been selected as a winner of a World Future Award in the category of Best Energy Saving Solutions for 2023. This accolade recognizes Cresstec’s loyalty to revolutionizing the landscape of sustainable technologies while significantly contributing to energy reduction and efficiency.

CRESSTEC is an acronym for Carbon Reducing Energy Saving Solutions and Technologies; its very definition is exactly what the company stands for. Founded in 2014 with a core belief that sustainability should not compromise convenience or efficacy, Cresstec has strived to innovate and simplify lives while benefiting the global environment. Through relentless dedication and cutting-edge advancements, the company has emerged as a leader in developing groundbreaking energy-saving solutions.

Recognizing the critical need for sustainable solutions in the Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) sector, Cresstec established the HVAC-R Research & Development Testing Facility (CHRDTF) in 2016. This state-of-the-art facility has generated groundbreaking data and analysis, contributing significantly to the advancement of HVAC-R technology.

The company’s flagship product, the Regulating Efficiency & Emissions Device (REED), showcases Cresstec’s innovative prowess. REED, a patented, multi-award-winning refrigerant management and energy-saving technology, dynamically optimizes refrigerant usage to match environmental demands. By efficiently storing refrigerant energy, REED substantially reduces electricity consumption and minimizes system wear.

Cresstec’s dedication to innovation extends beyond product development. Recently, the company collaborated with the Australian Department of Climate Change, Energy, the Environment, and Water, providing valuable insights on preventable faults in air-conditioning systems, further solidifying its commitment to sustainability and environmental protection.

With a visionary leadership team comprising Ian Nankivell as CEO, David Tomson as COO, Steve Smith as Sales Manager, and Michael Woods as Lead Engineer, Cresstec remains committed to its mission of creating innovative, environmentally responsible solutions.

To learn more about the pioneering company, visit