Siemens Venture Capital acquires stake in waste heat recovery company

20 July 2009

Siemens Venture Capital, a subsidiary of Siemens, has acquired a stake in Transparent Energy Systems, to boost its involvement in environmental technologies. No financial details were disclosed.

Transparent Energy Systems, an Indian company in which SVC has acquired a minority stake, is a provider of waste heat recovery systems.

“The field of energy and environmental technologies is highly attractive for venture capital investors. Despite the difficult overall business environment, we will continue to see attractive growth rates in the area of green technologies,’ said Ralf Schnell, CEO of Siemens Venture Capital.

Transparent Energy Systems is the twelfth company in the area of energy and environmental technologies in which SVC has invested.

Siemens Venture Capital invests in early-stage technology companies and established growth companies, focusing on the energy, industry and healthcare sectors.

Copyright © 2009 NewNet

Tags: energy efficiency, energy storage

This story was published on Monday, July 20th, 2009 at 3:06 pm and is filed under Asia, Europe, deals, energy efficiency. You can follow any responses to article entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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