Orcan Energy AG - Experts & Thought Leaders

Orcan Energy, a globallay renowned cleantech company, is progressing in its strong growth course. The company has fully repaid the Economic Stabilization Fund (WSF) loan approved during the COVID-19 crisis, ahead of schedule. Together with the recently closed financing round with two major sustainability funds (Article 9) and the expected fivefold increase in sales, 2022 already marks a significant year in the company's history. WSF The WSF was launched in 2020 by the previous German government to cushion the consequences of the global COVID-19 pandemic. This state aid aimed to stabilize the real economy, for example by bridging liquidity bottlenecks or strengthening the capital base.  Loan repayment  The company used the funds to ensure its successful continuation during a period of travel restrictions Orcan Energy received a loan of around EUR 4.5 million during this phase. The company used the funds to ensure its successful continuation during a period of travel restrictions and resulting delays in installing waste heat modules. positive development Orcan Energy has repaid the federal funds ahead of schedule. The WSF loan played an important part in enabling the company to continue to operate on a stable financial basis in 2021. As a key technology provider for the energy transition, Orcan Energy saw growth in order intake of more than 300% last year. This positive development is also reflected in the confidence of the profiled investors and the growth in sales this year. Growth path Commenting on the fundraising, Orcan Energy's Chief Financial Officer - Marcus Jentsch said, “Orcan Energy is on a strong growth path. With the early repayment of the loan to WSF, we are now leaving the economic effects of the COVID-19 crisis fully behind us. Thanks to our recently completed financing round, we have significantly strengthened our equity base and created conditions for profitable growth." clean, reliable, and cost-effective electricity Marcus Jentsch continues, "Together with our customers, we are now continuing to focus on reducing global CO2 emissions and producing clean, reliable, and cost-effective electricity from waste heat. We want to thank WSF for its rapid and unbureaucratic support.”

Orcan Energy has installed its solution for waste heat for the first time on a river cruise ship. Currently the largest Rhine cruise ship, A-ROSA SENA, owned by A-ROSA Flussschiff GmbH, has installed one of Orcan Energy's ORC modules, designed specifically for the marine market.  E-Motion ship The E-Motion ship, with a hybrid propulsion system consisting of a diesel engine and an electric motor, can convert the waste heat from the ship's engines into electrical energy, reducing its fuel consumption and CO2 emissions.  The waste heat module provided by Orcan Energy represents an effective and cost-saving measure for the A-ROSA river shipping company to meet its sustainability requirements. Orcan Class M 50.100 module Orcan Class M 50.100 module is a space-saving, flexible solution that can generate electricity The installed Orcan Class M 50.100 module is a space-saving, flexible solution that can generate electricity from various heat sources on board. These include, for example, exhaust gas waste heat, steam, thermal oil, and liquid sources with lower temperatures, such as engine cooling water. Waste heat solution The waste heat solution is used alongside other sustainability measures. These include an optimized hull and a battery storage system that enables peak shaving. With the help of the energy stored in the battery storage, the A-ROSA SENA can also dock in cities purely electrically, avoiding local emissions. The E-Motion ship will serve as a model for the rest of the fleet and help A-ROSA reduce CO2 emissions in the future. It recently received the "German Award for Sustainability Projects 2022" for its environmentally friendly technologies, including waste heat modules from Orcan Energy. Reducing CO2 emissions  "We are proud that our solution is being used on a river cruise ship for the first time. Our powerful and flexible modules will help ship owners save fuel and significantly reduce their vessel's CO2 emissions, putting them on a forward-looking course," said Dr. Andreas Sichert, CEO of Orcan Energy. Dr. Andreas Sichert adds, "The new solution will make a crucial contribution when it comes to the industry's common goal of becoming CO2 neutral."

Orcan Energy, the company turning waste heat into clean electricity, has raised EUR 28.5 million in a late-stage growth round. The funding comes from prominent Article 9 Funds TiLT Capital, a new asset management company dedicated to energy transition and part of the Siparex Group, one of France’s leading private equity companies, and a well-known European institutional investor, as well as existing investor Air Liquide Venture Capital (ALIAD). Based in Munich, Germany, Orcan Energy will use the proceeds of the growth round to accelerate its global traction. Addressing energy crisis Europe is the first to experience the effects of a truly global energy crisis. Responding to these challenges requires solutions that are reliable, affordable, as well as efficient, and that are well-established so they can be deployed quickly. Orcan Energy’s units sold in 2022 alone will save about 1 million tons of CO2 over their lifetime Orcan Energy addresses this need through its proven technology that turns unused waste heat into clean electricity at the worldwide lowest possible generation costs. Orcan Energy’s units sold in 2022 alone will save about 1 million tons of CO2 over their lifetime. With the rapid scaling of the business, this number will increase significantly over the next years. global potential The global potential for Orcan Energy’s solution is massive. The company’s technology capitalizes on small to medium heat sources in the low-temperature segment, unlocking applications in a wide range of industries such as marine, cement, steel, geothermal, oil, and gas, as well as power generation. Orcan Energy can implement its solutions wherever waste heat is generated: for example, on engines, in industrial processes, or on ships.  advanced versatility Since its founding, Orcan Energy has already caught up with the previously leading traditional Organic Rankine Cycle (ORC) providers. Given its technology’s advanced versatility, Orcan Energy is unlocking a previously untapped EUR 300 billion global markets. The additional funding will accelerate Orcan Energy’s commercial traction in well-established markets such as Europe and the USA as well as in fast-growing emerging markets such as the Middle East, North Africa, Asia, and the Pacific, building on a 2021 order intake that grew by over 300 %. fast, sustainable growth Orcan Energy is confident it to maintain fast, sustainable growth in the upcoming years with this funding Additionally, the proceeds will enhance the company’s supply chain and remove bottlenecks, empowering it to meet strong demand faster.  After an expected five-fold revenue increase in 2022 compared to 2021, Orcan Energy is confident to maintain fast, sustainable growth in the upcoming years with this funding. clean, reliable, and affordable energy Commenting on the investment, Orcan Energy’s CEO and Co-Founder - Andreas Sichert said, “We are past the inflection point, with substantial global momentum to move towards clean, reliable, and affordable energy. Our solutions make a real impact on global emissions now and even more so in the future. To illustrate the impact: if we, for example, equip only the global cement industry with our products, we could avoid more than 0.5 Giga tonnes of CO2. With a simple solution, our customers can lower their energy costs significantly, relying on stable prices in unstable times." Growth rate  Andreas Sichert adds, "Our business shows exceptional growth rates despite the clear global challenges. We are scaling our company significantly as we have the right products and partners, as well as a proven track record. This success has been recognized in our over-subscribed round. I am glad to welcome the two new investors on board who fully share our vision.” reducing CO2 emissions The need to accelerate the transition to clean, reliable, and affordable energy production has never been more obvious" Nicolas Lepareur, Managing Partner TiLT Capital, stated, “The need to accelerate the transition to clean, reliable, and affordable energy production has never been more obvious." He adds, "We need to unlock currently unused resources such as waste heat to make our system more resilient and reduce CO2 emissions." Addressing climate change Nicolas Lepareur continues, "TiLT only invests in solutions and technologies such as Orcan Energy’s which are immediately available and that align with our founding belief that the fight against climate change and social cohesion go hand in hand. Through this first investment in Germany, we are proud to support such a strong management team and join the shareholder’s group of Orcan Energy.” Accelerating global footprint Christian Reitberger, Chairman of the Supervisory Board of Orcan Energy, said, “I am glad to welcome the new investors to our circle of shareholders." Christian Reitberger adds, "It is a testament to the hard work of the team over recent years that these high-profile funds have committed to accelerating the company’s global footprint. I am looking forward to continuing to support the management team in building a very impactful cleantech business.”