Orcan Energy raises money
Janina Gerhardt
| 31.01.2023
Munich Cleantech wants to generate clean electricity from waste heat. This has now convinced a French investor.
Cleantech Orcan Energy has won French investment company Otium Capital as a new investor. The investment follows a September 2022 financing round led by Tilt Capital and Generali Investments. Otium Capital now intends to support the company in its global expansion.
Orcan Energy develops and sells energy modules to convert waste heat into clean electricity. Founded in 2008 by Andreas Sichert, Andreas Schuster and Richard Aumann, the company aims to provide other companies with economical solutions to utilize waste heat. The company's customers come from the marine, cement, steel, geothermal, oil and gas, and power generation sectors.
"The significant growth in recent years, combined with international market developments, are strong signs of a successful and greener future," says François Durvye, CEO of Otium Capital. "The untapped resources of the industry open up new and sustainable ways for us to generate energy efficiently and reliably."
Newsletter
Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.
LinkedIn ConnectTake care, give care
Did this news inform or entertain you? Then we would be happy if you tell your network about it.
Share on Linkedin Share on Facebook Share on XingRelated companies
Startup
2008
München
Orcan Energy
Conversion of energy from engines and industrial plants to clean electricity.
FYI: English edition available
Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?
FYI: Deutsche Edition verfügbar
Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?
