Most recently, Orcan Energy October 2022 completed a financing round of 28.5 million euros. Otium Capital is now joining this already oversubscribed round. The French investor's network and synergies with the existing portfolio are expected to support the growth of the Munich company accelerate further. Andreas Sichert, CEO and co-founder of Orcan Energy, says:
"We have made tremendous 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 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 firm is a great addition to our broad team of investors. We look forward to the partnership."
“Orcan Energy is one of the most promising cleantech companies in Europe”
François Durvye, CEO of Otium Capital, adds:
"Orcan Energy is one of the most promising cleantech companies in Europe. 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 industry's untapped resources open up new and sustainable paths for efficient and reliable energy generation."
