EPYR, a French climate tech specialising in thermal energy storage (TES), has raised a €3M pre-seed funding round co-led by AENU and Daphni. OVNI Capital and WEPA Ventures joined as well as several European business angels.
EPYR provides heat decarbonization and breakthrough electrification solutions, particularly for industrial heat demands, which represents 25 percent of global energy consumption. It provides these by converting renewable electricity into heat during low-cost energy periods and storing it in high-efficiency firebricks, in doing so delivering high-temperature, decarbonized heat while easing the burden on the power grid and supporting the energy transition. The company is also developing the product's technological maturity, ease of installation, and modularity to optimise it for industrial facilities.
The funding will be used to launch industrial-scale pilots across Europe to demonstrate the technology’s viability, scalability, and economic value as well as advancing and standardising EPYR's thermal energy storage (TES) technology, including both hardware heat batteries and AI heat optimization software, to enhance efficiency and scalability.
“With renewables scaling at an unprecedented rate, we see a massive opportunity to leverage thermal energy storage and electrify industrial heat.” said Fabian Heilemann, founder & CEO of AENU.
“We see enormous potential in solutions that electrify industrial heat processes across sectors—from paper to chemicals. EPYR is bridging the gap to large-scale implementation, and we're proud to partner with them on this journey.” added Till Rosnick, WEPA Venture Managing Director.
EPYR was co-founded by Bastien Oggeri, second-time entrepreneur and co-founder of French Tech Next 40 Innovafeed, and Léa Dardenne, a former partner at Boston Consulting Group specializing in energy and sustainability.
Photo by Kumpan Electric
Would you like to write the first comment?
Login to post comments