ECOP, a portfolio company of InnoEnergy, has successfully completed its latest financing round, raising a total of €10.5 million.
KSB, a globally operating pump and valve manufacturer, led the round, with the European Innovation Council Fund (EICF) acting as co-investor. Other investors included InnoEnergy, New Energy Technologies, Finadvice and almost all existing investors. ecop will use the new capital to expand its production capacity and further develop the new rotor design for commercial-scale use.
A novel technology with a wide range of applications
The ecop heat pump enables industries and municipalities to decarbonise quickly and efficiently, while securing their long-term heat supply. With an output temperature of up to 200 °C, it is ideal for a variety of industrial processes. Unlike conventional heat pumps, ecop uses a 100% climate-friendly, non-toxic, non-flammable working medium. The rotation speed can be flexibly adjusted to adapt to different heat source temperatures. This makes the heat pump highly efficient for cooling applications, such as in data centres, as well as for raising the temperature of waste heat for use in a variety of other applications.
The superior design of ecop’s rotation heat pump has several benefits:
- Sustainable production of heat without dependence on fossil fuels
- Large temperature range
- Efficient use of waste heat
- Cost saving