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Sorainen Advises Efenco on Raising EUR 1 Million

Sorainen Advises Efenco on Raising EUR 1 Million

Estonia
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Sorainen has advised Estonian energy research start-up Efenco on raising EUR 1 million to develop a carbon-neutral combustion solution for fossil fuels.

According to Sorainen, Efenco, whose solution would "help use fossil fuels much more efficiently ... is looking to raise a further EUR 10 million in the next months."

"The impact is global," the firm reported. "If the Efenco system were applied to all usage of gas, it would save more energy than produced in total by solar and wind energy. Similarly, the world’s nuclear plants produce less energy in total than would potentially be saved in gas burners with Efenco’s technology."

Sorainen's team included Counsel Lauri Liivat, Associate Kristi Tammiku, and Assistant Lawyer Eva Lennuk.

Sorainen did not respond to our inquiry on the matter.