Efenco

Efenco is a cleantech startup that is maximising the energy conversion efficiency of industrial furnaces and boilers and reducing their carbon footprints. Its flagship product, the patented high-energy ray ceramic chip (HERC), slashes CO2 and fuel costs by at least 18% in energy-intensive industries such as electricity generation, steel manufacturing, pulp and paper manufacturing, ceramics and cement production, and district heating.

HERC technology uses waste heat to generate plasma-assisted combustion that increases thermal conversion efficiency during combustion. Efenco’s technology can be retrofitted to existing gas-fired infrastructure in a matter of hours.

Based in Tallinn, Estonia, Efenco was co-founded by Kristjan Tiik, Aleksandr Nagornõy, and Aleksander Vlassov. To date, Efenco has raised €4.5 million, including a research grant from the European Innovation Council. It has also secured an equity commitment from the European Investment Bank.