FRIEM
Financials
Estimates*
EUR | 2020 |
---|---|
Revenues | 29.9m |
Date | Investors | Amount | Round |
---|---|---|---|
* | €7.5m | Early VC | |
Total Funding | CAD11.3m |
Recent News about FRIEM
EditFRIEM is a global leader in the production of high-power electric converters and energy solutions, serving large industrial clients. Operating in the energy sector for over 70 years, FRIEM has established itself as one of the top four players worldwide in the power rectifiers market. The company focuses on converting energy efficiently and sustainably, with a strong commitment to green hydrogen as a future energy source. FRIEM's business model revolves around manufacturing and supplying advanced energy conversion systems to large-scale industrial operations, ensuring reliable and efficient power management. Revenue is generated through the sale of these high-tech converters and ongoing service agreements with industrial clients. The company operates in a niche market, catering to industries that require robust and reliable energy solutions, such as manufacturing, chemical processing, and renewable energy sectors.
Keywords: energy converters, power rectifiers, large industry, green hydrogen, sustainable energy, high-power electric, industrial clients, energy solutions, niche market, advanced systems.