Most recently, Orcan Energy completed a financing round of 28.5 million euros in October 2022. Otium Capital is now entering this already oversubscribed round. The French investor’s network and synergies with the existing portfolio are expected to further accelerate the growth trajectory of the Munich-based company. Andreas Sichert, CEO and co-founder of Orcan Energy, says:
nnnnnnnn“We have made enormous progress in harnessing and converting waste heat into affordable energy, particularly in the oil and gas sector. Our business continues to show exceptional growth rates. The right products, experience, and partners are the key to success. Otium Capital has an excellent track record as an investor and an impressive portfolio in which we see great potential for synergies. The French investment company is a wonderful addition to our broad investor team. We look forward to the partnership.”
“Orcan Energy is one of Europe’s most promising cleantech companies”
nnnnFrançois Durvye, CEO of Otium Capital, adds:
nnnnn“Orcan Energy is one of Europe’s most promising cleantech companies. We fully share the company’s vision and look forward to supporting Andreas and his team in their global expansion. The significant growth of recent years, combined with international market developments, are strong indicators of a successful and more environmentally friendly future. The untapped resources of industry open up new and sustainable pathways for efficient and reliable energy generation.”
