Founded in 2008 as a spin-out from the Technical University of Munich and led by Andreas Sichert, chief executive of Orcan Energy, the company provides ePack, a plug-and-play that allows waste heat to be exploited in the process of power generation.
Orcan Energy, a Germany-based waste heat recovery technology specilalist, has raised a second round of financing with local energy utility Eon as a new investor. Existing investors, venture capital firms Kleiner Perkins Caufield & Byers and Wellington Partners, also participated in the funding. The amount of the transaction was not disclosed. The company intends to…
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