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Orcan Energy GmbH wins E.ON

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Orcan Energy GmbH wins E.ON ( orcan-energy-gmbh-wins-eon )

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PRESSEMITTEILUNG Orcan Energy GmbH wins E.ON as new Investor and strategic Partner (München, Düsseldorf, Palo Alto) Orcan Energy GmbH (Orcan), the leader in waste heat recovery technology, concluded its second round of financing in early 2013 with the addition of E.ON as a new industry partner and investor. E.ON broadens Orcan’s already prominent list of investors, worldwide leading venture capital firms Kleiner Perkins Caufield & Byers and Welling- ton Partners, both of whom were part of the original funding round in 2011 and contin- ued to show their support by participating in this subsequent round. The new partner- ship is considered an important stepping stone on the path to fulfill Orcan’s vision: “To play a vital role in securing an ecological and affordable energy supply by tapping the energy source of waste heat”. Orcan offers E.ON the opportunity to extend its range of integrated solutions for its industrial clients through Orcan’s Organic Rankine Cycle (ORC)-products, the so-called ePacks. Dr. Urban Keussen, E.ON Senior Vice President Technology & Innovation: “E.ON is constantly seeking out new technology solutions that meet the requirements of our clients and their demand to benefit in a sustainable way, i.e. ecologically and eco- nomically. Orcan’s product, the ePack, offers our clients the opportunity to quickly ac- cess the enormous untapped energy potential of their own easily available waste heat. Additionally, E.ON believes that this new energy solution will be of great interest to potential new clients.” Dr. Andreas Sichert, CEO of Orcan Energy GmbH: “We believe our ability to win the commitment of such visionary Partners, even in the current difficult climate for start-up financing in the clean energy sector, is strong en- dorsement of our vision and our commitment to realizing it. Our investors sustained support has already allowed us to offer strategically important partners and clients in the industrial and energy sectors attractive solutions to their energy problems. Our ePacks will enable us to radically contribute to the alternative energy revolution, through the development of a cost-effective and sustainable energy supply.” 294 Wörter, Anzahl der Zeichen 2.188 (1.904)

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