# Orcan Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/orcan-energy

- Industry: Renewable Energy
- Headquarters: Munich, Germany
- Website: www.orcan-energy.com
- Latest round: Series B (May 21, 2013)
- Investors on record: 3

## About

Orcan Energy AG develops and implements innovative Organic Rankine Cycle (ORC) systems to transform waste heat from various sources into renewable electricity, contributing to energy efficiency and sustainability.Orcan Energy AG is a global leader in the development of Organic Rankine Cycle systems, headquartered in Munich, Germany. Founded in 2008 by Andreas Sichert, the company has completed a total of 4 deals, with the most recent deal taking place on January 31, 2023, during which they raised EUR 28.50 mn in a Growth funding round from investors including Air Liquide Ventures and TiLT Capital Partners. The company has not undergone any notable pivots in its operational strategy.Orcan Energy specializes in the development and deployment of second-generation Organic Rankine Cycle (ORC) systems, designed to convert waste heat from engines and industrial processes into clean electricity. Their core product offerings include a range of efficiency PACKs, which utilize various heat sources, such as exhaust gases and hot fluids, to generate electricity on-site with minimal maintenance. These solutions enhance energy efficiency across multiple sectors, including industrial manufacturing, marine applications, and power generation. Orcan Energy serves markets in Germany, France, and Asia, with clients including Hamberger Flooring and major cement manufacturers like SCHWENK, focusing on sustainable energy solutions.Orcan Energy's revenue model is primarily based on direct sales of their efficiency PACK products and integrated waste heat recovery solutions. The company engages in B2B partnerships, collaborating with industrial clients to install ORC systems tailored to their specific energy needs. The pricing structure aligns with customization and installation requirements, addressing unique energy efficiency challenges. Their flagship products, such as the efficiency PACK eP 150.200 and eP M 050.100, are designed to deliver operational savings and are supported by comprehensive maintenance services. This approach positions Orcan Energy as an important player in the cleantech sector, focusing on energy efficiency and carbon footprint reduction.In January 2023, Orcan Energy AG secured funding to support its global expansion. The company plans to further develop its product line and expand into new geographic markets, targeting specific regions for growth. The recent funding will be utilized to bolster these initiatives, as Orcan Energy looks to enhance its presence in the renewable energy sector.

## Funding rounds

- Series B, May 21, 2013 — Kleiner Perkins, Wellington Partners, E.ON Strategic Co-Investments
- Series A, May 1, 2011 — Kleiner Perkins, Wellington Partners

## Investors

- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series A, Series B
- Wellington Partners (https://capitalatlas.ai/funds/wellington-partners) — Series A, Series B
- E.ON Strategic Co-Investments (https://capitalatlas.ai/funds/e-on-strategic-co-investments) — Series B