Orcan Energy GmbH, a Munich, Germany-based developer of Organic Rankine Cycle (ORC) Technology in small power ranges, closed a second round of financing.
The amount of the transaction was not disclosed.
Backers included new stategic investor E.ON and existing investors Kleiner Perkins Caufield & Byers and Wellington Partners.
The company intends to use the funds to expand adoption of its solutions, refine its delivery chain and upgrade safety and quality standards during assembly.
Founded in 2008 as a spin-out from the Technical University of Munich and led by Dr. Andreas Sichert, CEO, Orcan Energy provides ePack, a plug-and-play that allows waste heat to be exploited in an intelligent way in the process of power generation, and to enhance the energy efficiency of many industrial and energy producing facilities.
FinSMEs
26/05/2013