{"id":15864,"date":"2016-11-03T16:38:36","date_gmt":"2016-11-03T15:38:36","guid":{"rendered":"http:\/\/cms.munich-startup.net\/?p=15864"},"modified":"2016-11-03T16:44:29","modified_gmt":"2016-11-03T15:44:29","slug":"orcan-energy-wins-presidential-entrepreneurship-award","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/15864\/orcan-energy-wins-presidential-entrepreneurship-award\/","title":{"rendered":"Orcan Energy wins Presidential Entrepreneurship Award"},"content":{"rendered":"<div class=\"entry-content\"><p><strong>Converting waste heat into electricity: Thanks to a new process, this is now economically viable not only in large power plants, but also in low-temperature systems and in vehicles. Scientists at the Technical University of Munich (TUM) have not only developed this climate-friendly technology but also brought it to market through their own company. TUM has now honored them with the Presidential Entrepreneurship Award.<\/strong><\/p>\n<p>Every day, huge amounts of energy are lost unused in industry and transportation. Waste heat is generated everywhere. To recycle this heat, a team at TUM has developed a new technology. The device can be connected to generate electricity in factories or biogas plants, in trucks and ships, as well as in construction machinery. It works like a steam power plant, except that it uses an organic fluid instead of water.<\/p>\n<p>This principle, <strong>Organic Rankine Cycle<\/strong> (ORC) is not new in itself, but is already used in large power plants. However, until now, there has been a lack of a technology that efficiently utilizes small amounts of low-temperature waste heat, that can also be operated with minimal effort, and that is affordable for a large number of users.<\/p>\n<h3>Investors from Silicon Valley<\/h3>\n<p>Since 2004, Richard Aumann, Dr. Andreas Sichert, and Dr. Andreas Schuster at the Chair of Energy Systems have solved several problems of current power plant technology \u2013 resulting in 20 different patents. In 2008, they founded <strong><a href=\"\/en\/13794\/orcan-energy-among-top-100-innovators\/\">Orcan Energy<\/a><\/strong>They launched their first product in 2013. Since then, they have not only secured a major Silicon Valley venture capitalist and a major energy supplier as a strategic partner, but their technology is already being used in several European countries.<\/p>\n<p>The jury of the TUM Presidential Entrepreneurship Award was impressed by the team&#039;s deliberate commitment to taking a lot of time to develop the product based on its research results before entering the market.<\/p>\n<blockquote><p>\u201cThat\u2019s why the company can now offer a product with a high level of quality that taps into a previously untapped CO2-neutral energy source \u2013 with immense potential for society,\u201d<\/p><\/blockquote>\n<p>said Prof. Thomas Hofmann, TUM Vice President for Research and Innovation, in his laudation at yesterday\u2019s TUM Entrepreneurship Day.<\/p>\n<h3>800 companies spun off<\/h3>\n<p>TUM annually presents the Presidential Entrepreneurship Award to an outstanding spinoff whose business idea is significantly based on research findings. Further criteria include high growth potential and initial financing success. The prize is endowed with \u20ac10,000, donated by the Association of Friends of TUM. The award is intended to motivate other students and researchers to start a company.<\/p>\n<p>TUM supports together with <a href=\"\/en\/ecosystem\/entrepreneurship-gmbh\/\">UnternehmerTUM<\/a>, the Center for Innovation and Entrepreneurship, supports startups through all phases with consulting, training, and infrastructure. According to the latest &quot;Startup Radar&quot; published by the Stifterverband f\u00fcr die Deutsche Wissenschaft (Donors&#039; Association for the Promotion of Sciences and Humanities in Germany), no other major university supports startups as well. Since 1990, more than 800 companies have emerged from TUM.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Converting waste heat into electricity: Thanks to a new process, this is now economically viable not only in large-scale power plants, but also in low-temperature systems and in vehicles. Scientists at the Technical University of Munich (TUM) have not only developed this climate-friendly technology but have also brought it to market with their own company...<\/p>","protected":false},"author":24,"featured_media":15868,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,5635],"tags":[1967,23],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Orcan Energy r\u00e4umt Presidential Entrepreneurship Award ab - Munich Startup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/15864\/orcan-energy-wins-presidential-entrepreneurship-award\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Orcan Energy r\u00e4umt Presidential Entrepreneurship Award ab - Munich Startup\" \/>\n<meta property=\"og:description\" content=\"Abw\u00e4rme in Strom umwandeln: Mit einem neuen Verfahren ist dies heute nicht mehr nur in Gro\u00dfkraftwerken, sondern auch in Anlagen mit niedrigen Temperaturen und in Fahrzeugen wirtschaftlich. Wissenschaftler der Technischen Universit\u00e4t M\u00fcnchen (TUM) haben diese klimaschonende Technologie nicht nur entwickelt, sondern mit einem eigenen Unternehmen auch selbst auf den Markt &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cms.munich-startup.net\/en\/15864\/orcan-energy-wins-presidential-entrepreneurship-award\/\" \/>\n<meta property=\"og:site_name\" content=\"Munich Startup\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/munichstartup\/\" \/>\n<meta property=\"article:published_time\" content=\"2016-11-03T15:38:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-11-03T15:44:29+00:00\" \/>\n<meta name=\"author\" content=\"Regina Bruckschl\u00f6gl\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:site\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Regina Bruckschl\u00f6gl\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cms.munich-startup.net\/15864\/orcan-energy-raeumt-presidential-entrepreneurship-award-ab\/\",\"url\":\"https:\/\/cms.munich-startup.net\/15864\/orcan-energy-raeumt-presidential-entrepreneurship-award-ab\/\",\"name\":\"Orcan Energy r\u00e4umt Presidential Entrepreneurship Award ab - Munich Startup\",\"isPartOf\":{\"@id\":\"https:\/\/cms.munich-startup.net\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cms.munich-startup.net\/15864\/orcan-energy-raeumt-presidential-entrepreneurship-award-ab\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cms.munich-startup.net\/15864\/orcan-energy-raeumt-presidential-entrepreneurship-award-ab\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2016\/11\/orcan_referenz_eschenhart.jpg\",\"datePublished\":\"2016-11-03T15:38:36+00:00\",\"dateModified\":\"2016-11-03T15:44:29+00:00\",\"author\":{\"@id\":\"https:\/\/cms.munich-startup.net\/#\/schema\/person\/4733256eff8ed883081bf4d616fa784f\"},\"breadcrumb\":{\"@id\":\"https:\/\/cms.munich-startup.net\/15864\/orcan-energy-raeumt-presidential-entrepreneurship-award-ab\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cms.munich-startup.net\/15864\/orcan-energy-raeumt-presidential-entrepreneurship-award-ab\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cms.munich-startup.net\/15864\/orcan-energy-raeumt-presidential-entrepreneurship-award-ab\/#primaryimage\",\"url\":\"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2016\/11\/orcan_referenz_eschenhart.jpg\",\"contentUrl\":\"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2016\/11\/orcan_referenz_eschenhart.jpg\",\"width\":1500,\"height\":994,\"caption\":\"Orcan Energy\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cms.munich-startup.net\/15864\/orcan-energy-raeumt-presidential-entrepreneurship-award-ab\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cms.munich-startup.net\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Orcan Energy r\u00e4umt Presidential Entrepreneurship Award ab\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cms.munich-startup.net\/#website\",\"url\":\"https:\/\/cms.munich-startup.net\/\",\"name\":\"Munich Startup\",\"description\":\"Das offizielle Startup-Portal f\u00fcr M\u00fcnchen\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cms.munich-startup.net\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cms.munich-startup.net\/#\/schema\/person\/4733256eff8ed883081bf4d616fa784f\",\"name\":\"Regina Bruckschl\u00f6gl\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cms.munich-startup.net\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b783cd1e1497db1e22684a06f3369381?s=96&d=blank&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b783cd1e1497db1e22684a06f3369381?s=96&d=blank&r=g\",\"caption\":\"Regina Bruckschl\u00f6gl\"},\"description\":\"Nach eigenen Startup-Erfahrungen blickt sie als Redakteurin von Munich Startup nun aus einer anderen Perspektive auf die M\u00fcnchner Startup-Szene \u2013 und entdeckt dabei jeden Tag, wie vielf\u00e4ltig das M\u00fcnchner \u00d6kosystem ist. 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