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Orcan Energy expands Supervisory Board and creates sustainable structures for future growth

 

Munich, 02.03.2023 – Leading cleantech company Orcan Energy is pleased to announce the addition of four new experienced members to its Supervisory Board. The two independent mandate holders Ida Beerhalter and Astrid Rauchfuss as well as the shareholder representatives Stefano Ferrari (Generali Investments) and Nicolas Lepareur (TiLT Capital, Siparex Group) strengthen the board with immediate effect. The appointment of these experienced new Supervisory Board members represents a further important step toward sustainably positioning Orcan Energy AG for future growth.

Ida Beerhalter is an internationally recognized expert in wealth management and capital market access. She is co-chair of IOME, a private investment partnership of female wealth holders from the Gulf region, headquartered in Riyadh, Saudi Arabia. In addition, the capital market expert manages her own investment portfolio. She also serves as an ambassador, board member, trustee, committee member, advisor and expert for several for-profit and non-profit organizations around the globe. In her various roles, she focuses in particular on business diplomacy, entrepreneurship, leadership, impact investment, as well as family governance and succession planning. Ida Beerhalter is involved with the United Nations’ University for Peace (UPEACE), the Auma Obama Foundation Sauti Kuu, Green Sands Equity, The Abrahamic Business Circle, KK Modi University, the Firstlight Trust, and Aescuvest, among others. In 2015, she was awarded the TIAW World of Difference Award.

Astrid Rauchfuss is an experienced management and strategy consultant with great expertise in the technology sector. She spent more than 20 years with the leading strategic management consulting firm Boston Consulting Group, most recently as Managing Director and Partner. She has extensive experience working with international technology companies with a primary focus on strategy development and execution, building digital capabilities, sales and market transformation, and scaling new business. Astrid Rauchfuss holds an MBA degree from INSEAD in Singapore and Fontainebleau and a master’s degree in Physics from Ludwig Maximilian University in Munich. She is a board member of Exeger, Neterra and of the Joblinge foundation.

To mark the closing of Orcan Energy’s recent financing round of EUR 28.5 million, the Supervisory Board is being joined by two additional shareholder representatives: Stefano Ferrari joins the board for Generali Investments and Nicolas Lepareur for TiLT Capital. The Supervisory Board now consists of the shareholder representatives Dr. Christian Reitberger (Chairman), Stefano Ferrari, Nicolas Lepareur, Greg Fleming, Daniel Joisten, Dr. Jörn van Halteren as well as the independent representatives Ida Beerhalter, Astrid Rauchfuss and Peter Edelmann.

“We are happy that with Ida Beerhalter and Astrid Rauchfuss two seasoned experts are becoming part of the Supervisory Board”, said Dr. Christian Reitberger, Chairman of the Supervisory Board of Orcan Energy. “With their international experience and independent perspective, they will professionally accompany and support the development of our company. At the same time, we are pleased to welcome Stefano Ferrari and Nicolas Lepareur, two more shareholder representatives on the Supervisory Board who bring experience in both the energy sector and the development of sustainable companies.”

Dr. Andreas Sichert, CEO of Orcan Energy, added: “I’m looking forward to future discussions with the new members of the Supervisory Board. We are consistently pursuing our growth strategy. The professionalization of our corporate structures and the expansion of the Supervisory Board are crucial components of this.”

 

Press material
https://drive.google.com/drive/folders/1B93-v0cvHfWxhuCPMdeiBnoZ3r1Iop8H?usp=share_link

Media contact
Peter von Kageneck
Email: peter.kageneck@orcan-energy.com
Tel.: +49 163 8840364

 

About Orcan Energy AG

Orcan Energy AG develops, produces, distributes and finances energy modules for the conversion of waste heat into clean and cheap electricity and constructs them on a turnkey basis, including the installation required for waste heat extraction. Orcan Energy's products tap into the enormous global waste heat potential and enable customers to save CO2 emissions and costs at the same time. Orcan Energy unlocks the energy potential of unused heat sources based on second-generation Organic Rankine Cycle (ORC) technology. By massively downsizing the established technology and developing a modular solution, Orcan Energy is turning small and medium-sized waste heat sources, as well as lower temperatures into economically viable options for the first time. As a result, the modules can be installed directly wherever excess heat is generated, for example in industrial processes, in engines, on ships or even in geothermal plants. Orcan Energy's solutions are already helping companies in the cement, oil and gas, power generation, and marine sectors to achieve their sustainability goals, reduce costs and comply with future regulations. Thanks to flexible financing models, companies can save cash-flow-positive electricity or fuel costs with waste heat power generation from day one. Orcan Energy has already marketed more than 600 modules with over 7 million operating hours internationally. The company has 60 employees and is headquartered in Munich, Germany.

For more information about the company, its products and applications, visit www.orcan-energy.com.

Press contact

Peter von Kageneck
Orcan Energy AG
Rupert-Mayer-Strasse 44
Building 6408, 5th floor (hallway 6)
81379 Munich

T: +49 163 8840364