Yellow&Blue - Triogen, a producer and distributor of ORC (Organic Rankine Cycle) machines that allow production of electricity from waste heat, attracts venture capital financing from Yellow&Blue Investment Management
Jul 19, 2013
Triogen, a producer and distributor of ORC (Organic Rankine Cycle) machines that allow production of electricity from waste heat, attracts venture capital financing from Yellow&Blue Investment Management
July 26th, 2010
Goor, the Netherlands - Triogen Group today announces the completion of a €4.5 million financing round to fund the continued deployment of its ORC (Organic Rankine Cycle) units across Europe. The investment round, which was completed by Yellow&Blue Investment Management, a Dutch-based clean energy investor, also included a substantial investment from Triogen's management and founders. Established in 2001, Triogen produces ORC units which convert low value heat into high value electricity where heat would otherwise be wasted or cooled away to ambient air. Heat source examples include gas, diesel engine or small gas turbine exhausts, waste heat from industrial processes, heat from the combustion of bio fuels or waste or flare gas. Triogen has already sold a number of units to operators in the Netherlands and is developing a network of strong sales partners in other European countries. Hans aan de Stegge, Director of Triogen, commented, "We are delighted with the commitment from our new investor Yellow&Blue. The additional funding will enable us to accelerate our roll-out plans in the Netherlands and across Europe. The Triogen team is keen to capture opportunities suitable for quality ORC units and we look forward to developing an even stronger market position going forward. "
Albert Fischer, Managing Director of Yellow&Blue Investment Management, said, "Combining turbine, high speed generator and pump on one shaft is unique to the Triogen ORC. We are excited about the prospect of further expansion through direct sales and channel partners and are finding the appeal of energy efficiency plus favourable market conditions and supportive legislation very helpful. Now is the time to accelerate business development. "
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