Estonia
Efenco is a startup based in Estonia that is focused on delivering sustainable energy solutions to humanity. The company is developing Cold-Plasma-Assisted Carbon Neutral Combustion (CPA PAC) technology, which aims to revolutionize industrial heat production by significantly improving efficiency and reducing greenhouse gas emissions in the burning of methane, hydrogen, and their mixtures.
The company's innovation, HERC (High Energy Ray Ceramic), is a self-powered solution that initiates PAC in the combustion and exhaust processes, increasing burning efficiency by 18% and lowering GHG emissions by 20%. The technology is designed to be integrated into existing industrial boiler systems, allowing companies to achieve a higher return on assets and lower operational expenses.
Since its founding in 2015, Efenco has been addressing the needs of companies requiring high-temperature process heat (HTPH) greater than 1MW on their journey to achieve CO2 neutrality. The startup recently secured an Angel Round investment on 16 November 2023, with the investment coming from Ivo Remmelg.
With a focus on industries such as Energy, Manufacturing, Sustainability, and Energy Efficiency, Efenco's innovative technology has the potential to make a significant impact in the quest for sustainable energy solutions and reducing carbon footprints in industrial processes.
