Orcan Energy, which is a leading clean-tech company in the waste heat recovery sector, has attracted a minority investment from ALIAD.
Due to this investment, the management team has been expanded and Wolfgang Brand has been appointed Chief Financial Officer (CFO).
Along with E.ON, Air Liquide is the second strategic investor to acquire a stake in Orcan Energy. In the round of financing, in which the existing investors Kleiner Perkins Caufield and Byers (KPCB), Wellington Partners and E.ON also participated, the company also secured the support of Swiss Quadia, an investment company specialised in environmental finance.
Air Liquide’s commitment to the company highlights the attractiveness of Orcan Energy’s technology for generating electricity from industrial waste heat. Air Liquide and Orcan Energy are working together on the marketing of these innovative technologies for generating energy-efficient power from waste heat.
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