Stirling.DK, a Denmark-based renewable energy provider using biomass as fuel, has raised €4m ($5.5m) and hired Phillip Charles Piddington as chairman and Torben Ellegarard as chief executive.

The latest investment round came from a syndicate including local pension fund Vaekstfonden, EnergiMidt and Innogy Venture Capital, a venture capital firm backed by Germany-based power utility RWE.

Piddington was former director of biomass at RWE Innogy, while Ellegaard had been head of engineering at Dong energy.

The interim incumbents, Bjarne Henning Jensen…

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