German chiller manufacturer Efficient Energy GmbH has filed for insolvency.
The company created eChiller cooling machines which use the pure natural element water (R718) as refrigerant,
At the request of the companys management, the local court in Munich ordered provisional insolvency administration in June and appointed the restructuring expert Dr. Matthias Hofmann from the law firm Pohlmann Hofmann as provisional insolvency administrator.
In a statement, Hoffmann said he was optimistic about finding new investors.
Efficient Energy has achieved a lot in terms of technology. With its climate change impact, the product is very attractive for investors, especially in times when ESG-compliant investments are becoming increasingly important,…
Read the full article at: https://www.climatecontrolnews.com.au/refrigeration/efficient-energy-files-for-insolvency