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…