ecop funding news – Austrian-based ecop Secures €8.5 Million in Funding

The ecop heat pump technology, with direct output temperatures up to 200 °C that are appropriate for numerous industrial processes, enables enterprises and local and district heating systems to efficiently recover and utilise their waste heat.

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Based on a novel rotating system, the design is highly flexible in its operation and uses a 100% climate-friendly, non-toxic, and non-flammable working medium. It can also change speed to meet varying heat source temperatures.

With each heat pump system, industrial firms and municipalities can save up to 2500 tonnes of CO2 annually by significantly reducing their reliance on natural gas and other fossil fuels for heat production.

Fabian Sacharowitz, CEO of ecop, said: “The EU’s innovation ecosystem has been an integral source of support as ecop has developed our technology and our business. This funding will enable us to finalise the development of our new rotor design and take the next step in scaling up, making our heat pump solution more broadly available, and ultimately enabling more companies and municipalities to generate affordable and CO2-free heat to sustainably power their operations.”

Christian Müller, Member of the Executive Board and CEO for the DACH region at ecop investor EIT InnoEnergy, adds: “With its one-of-a-kind solution, ecop is breaking new ground for heat pump technology, making it applicable for some of the hardest-to-abate, high-temperature industrial processes and district heating.The funding from EIC Accelerator is further proof that ecop’s transformative innovation is ready to scale. EIT InnoEnergy is there to support, and we extend our warmest congratulations to the ecop team.”

About ecop

ecop is a technological business that creates, produces, and markets innovative industrial high-temperature large-scale heat pumps and chillers. Because there are fewer loaded wearing elements in the systems, they operate at a cheaper cost and have a substantially greater efficiency (COP) than the prior art. Utilising various temperature ranges and the potential for high temperature delivery yields additional benefits.