# Philip Farese

> Philip Farese is the founder and CEO of Mojave Energy Systems, a commercial HVAC company spun out of Xerox PARC research in 2022. A physicist by training, he has worked at Princeton, McKinsey, NREL, Advantix, Enphase Energy, and Point72. His career connects energy-efficiency analysis with the development and commercialization of liquid-desiccant air-conditioning equipment.

- **Role:** Founder and CEO at Mojave Energy Systems
- **Organizations:** Mojave Energy Systems, Xerox PARC (Mojave spinout origin), Point72 Asset Management, Enphase Energy, Advantix Systems, National Renewable Energy Laboratory, McKinsey & Company, Princeton University, Orchestra LUMOS, Boston Prep
- **Education:** Dual bachelor’s degrees in physics and mathematics, Cornell University, Ph.D. in physics, University of California, Santa Barbara
- **Known for:** Led the project team and coauthored the 2009 McKinsey U.S. energy-efficiency report., Coauthored the 2012 NREL investment-prioritization report., Published How to build a low-energy future in Nature in August 2012.

## Career timeline

- **2003** — First author of the COMPASS instrument paper, affiliated with Princeton University.
- **2005** — Joined McKinsey & Company after a three-year Princeton research fellowship.
- **2009** — Coauthored and led the project team for Unlocking Energy Efficiency in the U.S. Economy.
- **2012** — Coauthored A Tool to Prioritize Energy Efficiency Investments; published a Nature essay; left NREL for Advantix Systems.
- **2016** — Identified as Enphase Energy’s vice president of strategy in a published energy-storage article.
- **2017** — Joined Point72 from Enphase, according to contemporaneous reporting.
- **2022** — Became founder and CEO of Mojave Energy Systems as the business spun out of Xerox PARC research.
- **2024** — Mojave debuted ArctiDry at AHR Expo and closed a $9.5 million Series A.
- **2025** — Coauthored the liquid-desiccant field-campaign paper and appeared on Building HVAC Science.
- **2026** — Mojave announced ArctiDry Hydro and a $19 million Series B.

## Achievements

- Led the project team and coauthored the 2009 McKinsey U.S. energy-efficiency report.
- Coauthored the 2012 NREL investment-prioritization report.
- Published How to build a low-energy future in Nature in August 2012.
- First author on COMPASS cosmic microwave background instrument and results papers.
- Led Mojave through commercial product introduction and the announced September 2026 Series B.

## Latest updates

- **2026-09** — Mojave announced $19 million in Series B funding led by Fairtree Elevant Ventures to expand sales, manufacturing, and product development.
- **2026-06** — Listed as a participant in Trellis Impact’s June 24 Startup Day Mainstage.
- **2026-05** — Mojave announced ArctiDry Hydro for existing chilled-water plants, with shipments scheduled for late 2026.

## Links

- LinkedIn: https://www.linkedin.com/in/philip-farese-49a81b1/

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Profile page: https://yespress.io/philip-farese
Published by YesPress — https://yespress.io
Last updated: 2026-10-25