ecop secures 10.5 million euros to scale its industrial heat pump technology. The round is led by global pump manufacturer KSB and co-invested by the European Innovation Council Fund (EICF). With the new capital, ecop will expand its production capacities and make the new rotor design ready for series production.
Further investments come from InnoEnergy, New Energy Technologies, Finadvice and almost all existing investors. The lead investor KSB is a leading international manufacturer of pumps and valves with headquarters in Frankenthal, Germany. As one of the world’s leading manufacturers of pumps, it has many years of experience in the development and production of rotating systems. This expertise makes KSB the ideal partner for ecop to drive forward the scaling of industrial heat pump technology.
‘We are experiencing increased global energy demand, with the energy mix shifting significantly in favour of CO₂-avoiding methods,’ explains Dr Stephan Timmermann, KSB management spokesperson. ‘About two-thirds of industrial energy demand is for heat, so there is enormous decarbonisation potential here.’ The collaboration between ecop and KSB goes beyond a top-level technology partnership. Both companies share a vision of a sustainable future.’
The EIC Accelerator had already provided ecop with EU funding totaling 2.5 million euros for an innovative heat pump technology in 2024. The EIC supports ecop not only financially, but also strategically in order to further develop the technology and establish it internationally. The EIC’s involvement underlines its confidence in the potential of the Rotation Heat Pump to make a significant contribution to the decarbonization of industrial processes.
‘The EIC Fund is proud to support ecop and its technology for industrial high-temperature heat pumps. This solution provides a scalable means to modernize industrial heating processes that contribute significantly to global energy demand. Our investment underlines our commitment to supporting European CleanTech companies that have the potential to transform entire industries and drive sustainable growth, ‘ said Svetoslava Georgieva, Chair of the EIC Fund Board.
For ecop, this financing round provides the opportunity for rapid scaling in order to support industry with decarbonization as soon as possible.
Fabian Sacharowitz, CEO of ecop, explains: ‘With this financing round, we are sending a strong signal for the heat transition in industry and the district heating sector. The support from KSB, the EIC Fund and our other partners will enable us to transfer our Rotation Heat Pump to series production, expand our technology worldwide and also make it a leader in the higher performance ranges of large heat pumps.’
Bernhard Adler, CTO and founder of ecop, adds: ‘From a technological perspective, we are also gaining strong innovation partners with in-depth expertise who will provide us with targeted support in the further development of our technology. This partnership paves the way for establishing our technology as the leading solution for industrial heat pumps.’