Qpinch, a leading innovator in heat transforming technology, has successfully secured €6M additional funding. The capital increase, supported by Qpinch’ lead investors Capricorn, SFPIM, SABIC Ventures, Oak3Capital and Port of Antwerp Bruges underscores the shareholders’ confidence in Qpinch’s groundbreaking approach to utilising industrial waste heat for the generation of carbon neutral steam. This investment will enable Qpinch to accelerate the commercial deployment of its transformative technology globally, advancing its mission to enable energy efficiency, reduce carbon emissions, and promote environmental sustainability for the industry.
“We are delighted to have secured this additional investment, in a round which was significantly oversubscribed. This will allow us to further enhance the application scope of our heat transforming technology, introduce new business models and advance our goal of providing carbon neutral steam at the lowest variable cost in the industry,” said CEO Valerie Dejaeghere. “This capital increase represents a significant milestone for Qpinch as we are demonstrating robust operations and able to offer the process industry a solution to economically decarbonise industrial heat production. It will also enable us to advance the technology for generating energy efficiency in carbon capture plants, thereby addressing the primary cost obstacle for large-scale implementation.
In addition to our direct go-to market and offerings via global technology providers, we are introducing decarbonised heat as a service, where customers will only pay for the carbon neutral steam off-take. This business model will still enable our customers to decarbonise economically without having to deploy capex nor resources”.
“In the three years of Capricorn’s shareholding, Qpinch has truly transformed from an innovation leader to a technology and industry leader in its kind, ready to scale its business globally. Its heat transforming technology is unsurpassed in terms of performance and carbon reduction potential. Moreover, Qpinch’s wide operational window makes it a readily adoptable solution to various markets that require a strong reduction in carbon emissions” Ludwig Goris of Capricorn Partners, says.
For more information visit www.qpinch.com
