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Unquote
  • Early-stage

DENMARK - Vækstfonden and SEED Capital invest in Stirling Denmark

  • Tine
  • 14 March 2006
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Stirling Denmark has received funding from EGJ Development Ltd, SEED Capital and Vækstfonden to finance international expansion.

Stirling Denmark develops, produces, and sells CO2 neutral combined heat and power plants based on Stirling engines fired with biomass in the form of wood chips and wood pellets.

Professor Henrik Carlsen from the Technical University of Denmark (DTU) has lead the research and development since it started more than 10 years ago.

Professor Carlsen, who established the company together with DTU Innovation, continues as professor at DTU and will be associated with the company as responsible for the future development of the technology. A commercial CEO will be employed as soon as possible and the company aims for a turnover of approximately EUR 20m in five years.

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