SPH Sustainable Process Heat GmbH has obtained equity growth funding
Düsseldor – Corporate Finance International (’CFI’) is pleased to announce that they assisted SPH Sustainable Process Heat GmbH during the process of raising equity growth funding.
Run42 and as co-investor a European family office participate as lead investors in SPH. In addition, the family office has secured the option for a further investment in the future. Together, they thus become the largest owner of the still young company. The parties have agreed not to disclose the investment volume.
SPH has developed a game changing industrial scale heat pumpthat enables previously unused low-temperature waste heat from industrial processes to be converted back into high-quality process heat. The ThermBoosterTM, is powered by lower temperature waste heat and can deliver both hot water and steam at temperatures up to 165°C. In the future, even temperatures of up to 200°C temperatures can be generated. It can be used for a variety of industrial applications and is also capable of generating heat for district heating purposes. By using the ThermoBoosterTM, industrial companies can reduce their dependence on fossil fuels and save more than 1,000 tons of CO2 emissions per year per MW installed.
The newly acquired capital is to be used for company growth, the expansion of sales activities in the national and international environment and for the development of newly acquired markets.
The transaction closed on 27 October 2021.
See more: THE CFI GROUP