Heaten investors step up to support growth of Europe’s leading industrial heat pump supplier
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Shell Ventures, Nysnø, Azolla and Valinor continued to support Heaten with an investment that will accelerate the growth of the company.
“This investment will enable a substantial recruitment drive and scale up production with suppliers in support of Heaten’s existing pipeline of orders.”, says Peter van Giessel, Board member and partner at Shell Ventures. “This is a next step for Heaten in support of its vision to become a leading provider of next generation industrial heat pumps and to accelerate the decarbonisation of industrial heat.”
In 2024, Heaten will complete its series B round taking the company to series production on the back of a rapidly expanding order book from multiple industrial customers.
Heaten provides heat pumps to decarbonise industrial heat, supplying hot water or steam up to 200°C by using waste heat. The HeatBooster provides high efficiency with unmatched size and flexibility. The heat pumps range from 1 to 8 MW and can be combined to provide over 50 MW. The piston-based technology is mature, with earlier versions of the machine operating for more than 30,000 hours in the field.
29 November 2023