Gorilla Capital invests in Thermal Storage Finland 🇫🇮
Thermal Storage Finland Oy (TSF) sells and manufactures unique self-developed hybrid thermal power plants for the renewable CO-2 free energy market. The company’s goal is to be Northern Europe’s leading manufacturer of hybrid thermal power plants.
The hybrid thermal power plant uses modern heat pump technology, combined with thermal and electrical solar energy. TSF power plant is controlled by self-developed intelligent control system. TSF control system together with exceptional use case of heat pumps, enables superior efficiency and CO2- emissions free heating solution for properties that consume more than 300 MWh annually.
“We recognized well in advance the importance of this financing round from the perspective of the company’s future. We focused and put a lot of effort into it. The most important thing for us was to find the right partners to ensure controlled and at the same time aggressive growth of the company. Already at the first meeting with Risto, the whole team got the feeling that Gorilla is the number one choice for us. We are very happy and grateful for where we are heading now”. TSF founder & CEO Janne Ritakoski states.
“We are a sector agnostic portfolio investor aiming for high diversification. We were impressed both by the innovative yet pragmatic solution TSF has developed for an increasingly acute problem and their startup style approach in a conservative industry. We warmly welcome TSF to the Gorilla family of “camels!”, says Risto Rautakorpi, Managing and Founding Partner at Gorilla Capital.
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Thermal Storage Finland
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Thermal Storage Founder & CEO Janne Ritakoski