Fuel cell company Siqens receives funding from Finnish investor VNT Management Oy and German KfW Bank

21.10.2013

Together with the KfW ERP-Startfond, VNT Management is investing in the Munich-based technology start-up company Siqens GmbH. This will provide Siqens with market entry funding for their new generation of fuel cells. With its eco-friendly and silent energy converter, Siqens presents a fuel cell with usability and efficiency levels to revival conventional combustions motors within the 1 to 5 kilowatt range.

Dr. Lars Behrend, CEO of Siqens GmbH and responsible for business development, is highly satisfied with the first round of negotiations: “VNT Management and ERP-Startfond are strong partners with whom we can jointly pursue a sustainable product development and long-term market strategy.” Volker Harbusch, R&D managing director, adds: “We are proud to have VNT as an investor with their extensive experience in the energy sector.”

“The Siqens concept focusses on reducing production costs - an issue that has prevented the fuel cell technology breakthrough so far”, states Peter Auner, VNT Management Investment Director, with regards to the new portfolio company. VNT sees “great market potential for Siqens fuel cells in a variety of highly interesting sectors. These include comfort applications for recreation and mobility, hybridisation of battery power or the energy supply and energy security in industry or infrastructure.”

About Siqens GmbH

Founded in 2012, Siqens GmbH emerged from a project funded by the German Federal Ministry of Economics and Technology. During its first year, the company’s innovative concept was honoured with second place of the prestigious f-cell Award. Currently, Siqens is developing its high temperature methanol fuel cell (HT-MFC) for serial production. The advantage lies in the methanol’s highly efficient electricity supply and the simple systems periphery. This means that the HT-MFC system has significantly lower production and operation costs. Siqens focusses on maximising this advantage and, in the long-term, will expand into areas beyond the current fuel cell markets.

Archive

2023
24.10.2023HD Hyundai makes a Strategic Investment in Elcogen
26.09.2023SolydEra and Convion to jointly address growth in fuel-cell and hydrogen market
04.05.2023Convion And Shell Form Partnership To Commercialise Solid Oxide Electrolysers (SOEC)
04.05.2023Norsepower secures €28 million from investors
2022
13.12.2022Octopus Energy Group’s Kraken acquires Power Fund III investee Depsys
18.08.2022Norsepower signs agreement with Dalian Shipbuilding Industry Co. Ltd. to install Rotor Sails onboard two newbuild CO2 carrier vessels
10.05.2022Elcogen receives €24 million investment from HydrogenOne
2021
21.07.2021Merus Power Oyj:n First North -listautumisanti on ylimerkitty, yhtiölle noin 8 000 uutta osakkeenomistajaa – kaupankäynti alkaa arviolta 8.6.2021
15.05.2021Kestävän ja energiatehokkaan tulevaisuuden mahdollistava teknologiayhtiö Merus Power suunnittelee listautumista First North - markkinapaikalle
01.05.2021Cority Acquires Power Fund III Investee WeSustain
2020
18.12.2020Half of the Top 10 "most sustainable companies in Germany" rely on WeSustain as software partner
21.01.2020Test of wind propulsion on Maersk Pelican completed: Norsepower Rotor Sails confirmed savings of 8.2% fuel and associated CO2 on Maersk Pelican
21.01.2020OGCI Climate investments leads MEUR8 investment in Norsepower
21.01.2020Elcogen Named Winner of Innovation at European Business Awards 2019
2019
01.10.2019Introducing WeSustain’s ESG Management
02.09.2019Swiss smart grid expert opens subsidiary in Singapore
12.02.2019CHF 13.2 million: Successful financing round strengthens DEPsys in Smart Grid growth market
12.02.2019#InnovFin: EUR 12 million loan from EU to Estonian clean tech company Elcogen
2018
31.10.2018Cajo Technologies Oy voitti Kasvu Open 2018 kilpailun
31.10.2018Cajo Technologies Oy is the winner of Growth Open (in Finnish: Kasvu Open) 2018 competition
08.02.2018Wello to export Wave Energy Converters to China
08.02.2018New clean energy system to make Finnish business district self-sufficient
18.01.2018Swiss Smart Grid Solution Company DEPsys Raises Additional CHF 2 Million of Funding
2017
09.11.2017Convion SOFC generates zero emission electricity and heat from biogas in Italy
02.11.2017Power Fund II investee Visedo sold
21.09.2017Visedo CEO, Kimmo Rauma, Takes Electric Message to the World
30.05.2017Maersk Tankers in wind power project
11.05.2017DEPsys has been selected for global energy startup accelerator program Free Electrons
11.05.2017Superb performance with renewable biogas
06.03.2017Application test of innovative off-grid power supply
02.03.2017Norsepower Rotor Sail Solution to be installed onboard Viking line cruise ferry vessel
2016
19.12.2016Visedo is ready to take a global lead in providing smart and high performance electric drivetrain systems
07.09.2016WeSustain develops reporting software for the partnership for sustainable textiles
13.06.2016Swiss Smart Grid Solution Company DEPsys Raises CHF 3 Million of Financing
22.03.2016Finnish Laser Marking Machine Provider Cajo Technologies heads to US markets
29.01.2016Performance monitoring and verification drives orders and investment for Norsepower
11.01.2016Visedo joins forces with Dutch marine electric system expert Electric Power Conversion B.V.
2015
03.11.2015Sustainability Management 2.0“ – WeSustain receives top marks
30.10.2015WeSustain becomes a SASB Enterprise Resource Platform (ERP) Partner
11.06.2015Visedo’s electric drive trains to equip world’s largest electric ferryboat
14.01.2015Merus Power wins its biggest contract ever
2014
14.12.2014Growth capital for WeSustain (Series B)
21.10.2014Self-Sufficient and Emission-Free Energy to Go
2013
21.10.2013Fuel cell company Siqens receives funding from Finnish investor VNT Management Oy and German KfW Bank
11.10.2013Mobilemarking Gets Nearly
€1 Million in Funding for Internationalization
10.09.2013Wello’s Wave Energy Converter Producing Clean Energy
06.05.2013GASEK Oy, CCM-Power Oy and Asmacon Oy to combine their business
31.01.2013Final Closing of Power Fund III
16.01.2013Valopaa Receives a Significant Capital Investment from VNT Management