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EFENCO OU

EFENCO OU

Grant-FundedCORDIS

Plasma physics company

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🇪🇪 Sillamae, Estonia·Founded 2015·efenco.eu
Climate · Deep Tech · Energy
Efenco is developing disruptive plasma-assisted carbon-neutral combustion (PA CNC) technology for industrial heat production to achieve a whole new level of efficiency & GHG emissions reduction in the burning of methane, hydrogen & their mixtures. We address the gains & pains of >1MW high-temperature process heat (HTPH) companies on their path to CO2 neutrality. We introduce HERC (High Energy Ray Ceramic), disruptive innovation in fundamental physics & materials technology. HERC chip is a robust, reliable, & self-powered device that initiates PA CNC in the combustion & exhaust processes. HERC boosts burning efficiency by 18% & lowers GHG emissions by 20%. HERC is designed to be fitted in existing industrial boiler systems to gain a higher return on assets & lower OPEX. We estimate that there are around 50,000 suitable systems in the EU only, with the potential to reduce CO2 emissions by 1 Mt a while opening a strong business opportunity of €105.6M in revenue by the end of 2027.
EU Grants€2.5M
Open to funding

Team

KT

Kristjan Tiik

Founder

All-time revenue
MRRPrivate••••••
FounderKristjan Tiik
Founded2015
🇪🇪Estonia
RevenuePrivate
Revenue data is privateThis company has chosen not to share revenue metrics
Tags:ClimateDeep TechEnergy
Looking for:InvestmentPartnerships