Company Performance Metrics
Nick Arapkoules: Co-founder & CEO
Founded in mid-2013, Heliix has built a solid track record, including being announced winner of two international competitions - Make Innovation Work 2014 and Hellenic Entrepreneurship Award 2015, attracting more than 600.000€ of capital, including a seed angel investment round in early 2014, scaling up its team from 2 to 14 highly motivated
individuals (11 on the payroll) in less than 12 months, constructing and testing of more than 10 prototypes, including one pilot installation with a major solar water heater manufacturing industry, as well as being granted a patent for its waste heat recovery technology that protects company’s Intellectual Property rights in a global scale. For the time being, the company provides a medium scale waste heat recovery unit, which addresses small and medium industries, large hotels and energy production plants, while the mid-term company’s vision is to enter the domestic market with a smaller unit that will allow households to save significant amounts of energy through upgrading their existing HVAC infrastructure.
Heliix has developed a series of waste heat recovery products, based on a ground-breaking thermodynamic cycle designed in-house. By implementing Heliix’s innovative solutions with existing infrastructure, customers can benefit from lower carbon footprint, increased savings in operational costs, short payback period – in specific cases less than a year, compliance with international regulations, sustainability in customer service. The waste heat recovery units are built on a make-to-order basis and are provided either as a one-off sale or as part of a long-term financing contract.
Due to low production volumes at time, only medium-/large-scale units are considered financially feasible for a customer point of view, thus Heliix is currently addressing only small / medium industries and hotels, as its primary customers. In the future, the company plans to partner with major retailers, installers and manufacturers of HVAC systems, exploiting their distribution channels to introduce global energy management units for households in the market.
Heliix’s vision is to reverse global energy consumption trends, by enabling industrial and retail consumers to apply a downsizing philosophy in their everyday operations cycle, maximizing efficiency of existing infrastructure, while minimizing carbon emissions and operational costs.
