CleanTech startup Efficient Energy GmbH seeks investor and files for insolvency
Following the failure of talks with potential investors, Efficient Energy GmbH has filed for insolvency. Dr. Matthias Hofmann has been appointed as provisional insolvency administrator, while the company is already in talks with new investors and will be looking for further financial backers.
Munich, Efficient Energy GmbH, a German manufacturer of energy-efficient and clean chillers, has filed for insolvency. The company was the first in the world to use water as a refrigerant in series production. Following the failure of promising talks with a strategic investor in May 2023, provisional insolvency administration was ordered. Dr. Matthias Hofmann from the law firm POHLMANN HOFMANN has been appointed provisional insolvency administrator.
The step into insolvency was certainly not easy for us. We have a technology that has already proven itself on the market and full order books.
Georg Dietrich, CEO Efficient Energy
Efficient Energy GmbH, founded in 2006, specializes in the development of sustainable and safe refrigeration technology that uses water as a refrigerant. With over 200 patents and Bluezero® technology, the company focuses on efficient cooling and consumes up to 80 percent less electricity than conventional chillers. Its customers include well-known companies such as Siemens, the German Aerospace Center (DLR) and TRUMPF. The company is about to launch the next product generation, the eChiller45IC, with an extended range of applications
The employees' wages are secured up to and including August 2023 via the insolvency substitute benefits. Until then, we will work together to find a solution for the future of the company
Dr. Matthias Hofmann, insolvency administrator
The team led by the provisional insolvency administrator Dr. Matthias Hofmann is currently preparing the pre-financing of the insolvency substitute benefits in order to support the approximately 100 employees. Efficient Energy has been honored with several awards, including the European Business Award for the Environment, the G20 Innovation League Cleantech Top 20 and the European Technology Awards.
Efficient Energy recently announced a change in its management team. From May, Matthias Adler will take over responsibility as the new Chief Sales Officer (CSO). He succeeds Thomas Bartmann, who will take over strategic representation in politics and society as Market Transformation Executive.
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