History - Heaten - Heat pumps to decarbonise Industrial Heat

Acquisition by funds of Advent International and cooperation with Innio Group

Succesful completion of the functional and endurance test of the Heatbooster HBL4

Expansion of the Office and assembly space in Remscheid Germany

Heaten secures loan from Innovation Norway to support growth agenda.

Heaten announces collaboration with BENEO.

Heaten investors step up to support growth.

Heaten and Südzucker announce collaboration on heat pumps.

The board of directors appoints Jeroen Koot as new chief executive officer.

Heaten appoints Wendy Lam as the Chair of the board.

Heaten secures funding from Azolla Ventures, Nysnø Climate Investments and Shell Ventures.

The board of directors appoints Peter P. Breithaupt as new chief executive officer.

Heaten appoints Knud C. Petersen as Chariman of the board.

Heaten secures funding from Valinor.

Customer engagement, testing Road-to-market and Digitalization Strategy.

Building C-team and business case, strategy, corporate consolidation.

Focus on industrial heat: Heaten AS, co-founded by former VHE, CTO and R&D directors, acquiring assets from VHE.

Technology team consolidated to develop large scale Heat Pumps for industrial customers.

First commercial HP customer installation.

Cumulated EUR 30m investment in R&D, engineering and testing.

Pivot development towards R&D into Very High Temperature Heat Pump.

ORC system engineering and long-term testing; achieved 60,000 hours.

First principle review of ORC and heat pump thermodynamics; focus on ORC R&D into ORC marchines.