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$2,265.93M Raised in 95 Funding Rounds in the past 7 Days - View All

Funding Round Profile

Efenco

start up
Estonia - Tallinn
  • 17/11/2023
  • Unknown
  • $4,900,000

Efenco is developing disruptive Cold-Plasma-Assisted Carbon Neutral Combustion (CPA PAC for short) technology for industrial heat production to achieve a whole new level of efficiency & GHG emissions reduction in the burning of methane, hydrogen & their mixtures.

Introducing HERC (High Energy Ray Ceramic), innovation in fundamental physics & materials technology. HERC is a robust, reliable, & self-powered solution that initiates PAC in the combustion and exhaust processes and boosts burning efficiency by 18%, and lowers GHG emissions by 20%. HERC is designed to be fitted in existing industrial boiler systems to gain a higher return on assets and lower OPEX.

We address the gains and pains of >1MW high-temperature process heat (HTPH) companies on their path to CO2 neutrality.


Related People

Kristjan TiikCo Founder

Kristjan Tiik Estonia - ND

CEO & Co-founder of Efenco, facing deep-tech start up challenges head on. Connecting with the market. Listening without judgment and noticing what others are missing. Seeing the potential. Connecting extraordinary people. A collaboration, with the best science and engineering brains in the business. With my team we are building Efenco from the inside-out, with people who are honest with themselves and aligned with our goal of Energy Peace, which we believe is possible utilising untapped energy within the fuel unit.

I make things happen. At Piletilevi I built the innovative online ticketing system from scratch to become the leading ticketing business in Baltics. And during my tenure at Enterprise Estonia I consulted over 200 startups in innovation management.

Driven executive, focused on game-changing technology and constant innovation to bring our HERC technology, reducing carbon emissions by 18%, from lab to market. I believe in heart based leadership, and am attentive, relaxed, and responsive to situations and people. A connector, thinker, and entrepreneur who understands institutional investors and VCs - I am always evaluating our visibility and approach. Intrinsically understanding motivation and leadership, and the role they play in the internal workings of a successful company.

Other interests include ice swimming, and the physical and mental states which emerge from the discipline. While beekeeping keeps me rooted in the natural world, marvelling at the bees industriousness, communication and collaboration frequences.

Keen to collaborate with parties who have matching values. Together we can create a community of stakeholders who have a common vision - interested in the greater good and understand the importance of, and are truly willing to work for, a sustainable economy, and clean cheap energy for everyone.