|10-01-2013 05:37 PM CET - Energy & Environment||
Major energy technology investment play: up to EUR 50 million for efficient energy gmbh to ramp up revolutionary cooling and air conditioning technology
Press release from: efficient energy gmbh
PR Agency: KONTEXT public relations GmbH
Strüngman Brothers invest in sustainable forms of energy efficiency – German start-up revolu-tionises manufacturing of cooling systems and heat pumps
Munich – Santo Venture Capital (Brothers Andreas and Thomas Strüngmann) invested EUR 11.8 million in energy efficiency gmbH, based in Munich, Germany, with an option to increase their stake by an additional EUR 40 million. In closing this major investment deal, fledgling energy efficiency gmbh has put itself squarely on the map of the energy technology sector. “We are investing in a company we are sure will become a key player in the international market for cooling and heating technology for residential as well as commercial and industrial applications,” explains Helmut Jeggle, representing Santo Venture Capital. Besides Santo Venture Capital, this investment round totalling EUR 15 million also included MIG Fonds (invested in efficient energy since 2008) and private investor Cornel Lindemann-Berk.
Lower energy consumption, higher efficiency, no pollutants
To Dr. Klaus Feix, Chairman of the Management Board of efficient energy gmbH, Santo Venture Capital’s coming on board is a major milestone. “We are at the cusp of ramping up our revolu-tionary technology for mass-production and entering the market with a large footprint. This capital injection frees the path ahead.” efficient energy gmbh developed a system based on direct water evaporation that is unique in the world. Compared with conventional cooling and air conditioning systems, the solution based on a proprietary turbo compressor developed by effi-cient energy’s engineers uses no pollutants, requires no lubricants, and achieves twice the effi-ciency levels. Adds Dr. Klaus Feix: “Our system’s energy balance is extremely attractive, and the best thing about it is the coolant: plain water.”
Promising market prospects
The potential market for this technological innovation is huge. Global demand for cooling sys-tems is continuously increasing. Server farms, for instance, represent a major market segment, as ever-increasing computing capacities require ever-greater and more efficient cooling perform-ance. By partnering with the Stulz Group, efficient energy gmbh has already made significant inroads into this important market segment. Based in Hamburg, Germany, the Stulz Group has a global reach and is set to implement the jointly developed ‘cyberblue’ product. Helmut Jeggle: “This validation by the industry was the Rosetta stone for us in the process of reaching this im-portant investment decision. We are very confident and look forward to taking the next exciting step towards building the business together with the team and equity partners at efficient en-ergy!” efficient energy’s management estimates the target market at approximately EUR 10 bil-lion. “And we are committed to capturing a sizeable chunk of it,” assures Dr. Klaus Feix.
efficient energy gmbh was founded in 2006. The company, based in Feldkirchen in the vicinity of Munich, Germany, currently has 40 staff. efficient energy develops and manufactures innovative systems in the field of cooling and air conditioning. Key equity partners include MIG Fonds and Santo Venture Capital GmbH. efficient energy gmbh is fully financed and preparing for large-scale market entry.
KONTEXT public relations GmbH
This release was published on openPR.
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