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ENERGY & UTILITIES | Renewables / Bio-energy
topellenergy.com

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Stage

Series C | Alive

Total Raised

$25.72M

Last Raised

$16.3M | 9 yrs ago

About Topell Energy

Topell Energy is a provider of torrefaction technology solutions for the biomass supply chain. The company has developed a highly efficient scalable process to upgrade various biomass feedstocks to an efficient biofuel. It enables large-scale production of densified biofuel from woody biomass with benefits including lower cost transportation and storage and more efficient conversion of biomass into heat and power.Topell Energy was created on January 2010, between the merger of Topell and Polow Energy Systems.

Topell Energy Headquarter Location

44 Fluwelen Burgwal

2511 CJ,

Netherlands

(+3) 170-360-9288

Latest Topell Energy News

Yellow&Blue - Yellow&Blue announces its latest investment into Topell Energy as part of a €13 million financing round

Jun 27, 2013

Yellow&Blue announces its latest investment into Topell Energy as part of a €13 million financing round June 11th, 2012 The Hague, The Netherlands - Topell Energy B.V. ("Topell"), a leader in the field of biomass torrefaction technology, announces the completion of a €13 million financing round alongside a significant strengthening of its intellectual property position. Yellow&Blue Clean Energy Investment Management jointly led the funding with Topell's existing investor, Innogy Venture Capital. Additional parties investing in the financing round include Innovatie- en Investeringsfonds Gelderland B.V., a provincial investment fund managed by PPM Oost, a Dutch regional development company, management team members and business angels. Jules Kortenhorst, appointed CEO of Topell Energy earlier this year, explains: "Nature provides a wide diversity of biomass, which is not directly suitable as an energy source. Topell's proprietary torrefaction technology transforms the low-grade biomass into a homogenous and energy-dense fuel, which is suitable for combustion and gasification applications. The additional financing will allow us to ramp up production at our commercial-scale demonstration plant in the Netherlands and to rapidly grow our business through the sale of additional plants. " Topell has additionally signed a new partnership agreement with the Torftech Group from the UK, whose TORBED reactors have been at the heart of Topell's torrefaction process. The reactors enable gas and solids to be contacted more efficiently. The company has now secured the manufacturing rights to build and improve Torftech's TORBED reactors for torrefaction applications. Topell has developed a torrefaction process, which is cost effective and enables large-scale production of densified biofuel from woody biomass. There are significant benefits associated with the use of such biofuel across the entire biomass-to-energy supply chain, including lower cost transportation and storage and more efficient conversion of biomass into heat and power. The company intends to sell its torrefaction technology solutions to biomass supply chain companies around the world. Albert Fischer, Managing Director of Yellow&Blue Investment Management, commented: "We are excited about Topell's prospects because the torrefaction step is instrumental in unlocking the potential of biomass for large-scale energy production. With this investment in Topell, Yellow&Blue is further broadening its engagement in the field of clean energy production. " Crispin Leick, Managing Director of Innogy Venture Capital said:  "Having supported Topell from seed funding until today, we are very pleased to see how the company has developed from a startup with an exciting idea to the best positioned technology supplier for the leading European utilities in the biomass sector. Torrefaction based on Topell's technology has the potential to change the biomass value chain as it is known today. " - ends - Jules Kortenhorst                                              T:+31 70 311 4300 Chief Executive Officer

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Expert Collections containing Topell Energy

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Topell Energy is included in 1 Expert Collection, including Renewable Energy.

R

Renewable Energy

2,743 items

Includes companies working on technology to support renewable energy generation.

Topell Energy Patents

Topell Energy has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

1/27/2012

5/24/2016

Papermaking, Paper, Waste, Biodegradable waste management, Horticulture and gardening

Grant

Application Date

1/27/2012

Grant Date

5/24/2016

Title

Related Topics

Papermaking, Paper, Waste, Biodegradable waste management, Horticulture and gardening

Status

Grant

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