Cleantech · Combined Cooling, Heat and Power · sCO₂

Thermodynamics, redesigned  —  on a growing patent portfolio.

Zero Emission Technologies builds systems for emission-free power, heat and cooling in the 12 to 500 kilowatt range, modularly combinable up to 5 MW. At its core: a patented, reversible thermodynamic cycle using supercritical CO2 as working fluid.

Investment overview
5 Patents
Granted · Pending
613M
Pre-IPO Base Case 2032/33
29 July 2026
Incorporated · Bergamo
I  ·  TECHNOLOGY

The patented triangular cycle.

Hybrid Triangular Cycle  ·  HDP

A novel closed and reversible thermodynamic cycle with the highest conversion efficiency among conventional comparison cycles (CRC, CCGT, ORC, Brayton), in a compact design. It generates green electricity, heat and cooling with no fossil fuel input – protected by one granted patent in Italy, applications pending in Europe and Germany, and two further patent families in preparation.

p (bar) V (m³) isochoric isothermal isobaric 1 2 3 ε = V3/V2 = 4
p,V  –  work diagram The enclosed area 1–2–3 equals the technical work Wt delivered and is a multiple of the Carnot work area 1–2–3–4. ε denotes the working volume ratio V3/V2.
T s (entropy) isochoric isothermal isobaric 1 2 3 Δs = 0
T,s  –  heat diagram The heat triangle 1–2–3 equals the heat input Q23 + ΔU12 – up to 50 % smaller than the Carnot rectangle 1–2–3–4.

Fewer losses. Higher output.

Conventional cycles – CRC, CCGT, ORC and Brayton – use wet-vapour phases and lose exergy during evaporation and condensation of the working fluid. The thermodynamic benchmark is the Carnot cycle.

In the supercritical hybrid triangular cycle the working fluid undergoes no phase separation. The HDP operates without an evaporator and without a condenser. Thermal energy input is therefore up to 70 % lower than the state of the art.

Ideal changes of state compared

Carnot cycle
4
two isothermal, two isentropic
Hybrid triangular cycle (HDP)
3
one isochoric, one isothermal, one isobaric

In the p,V work diagram the area 1–2–3 enclosed by the HDP is a multiple of the Carnot work area 1–2–3–4. It corresponds to the mechanical work Wt delivered by the HDP.

In the T,s heat diagram the Carnot cycle forms a large rectangle 1–2–3–4 whose area equals the net converted heat QCarnot. By comparison the HDP heat triangle 1–2–3 is up to 50 % smaller than that rectangle (Q23 + ΔU12): the HDP draws up to 50 % less thermal energy than the Carnot reference cycle.

Capacity, design, deliverability.

Target capacity classes: small-scale 12–150 kW for commercial and real estate applications, large-scale 250–500 kW for industry and public operators. Twelve nominal models, modularly combinable up to 5 MW. Prototype completion Q4 2027 (TRL 6), series readiness Q2 2029.

The modular skid-mounted design enables short delivery dates and significantly simplifies transport, installation and commissioning.

Because the cycle is reversible, one and the same unit delivers electricity, heat and cooling – an ideal fit for decentralised and decarbonised energy systems.

Patent portfolio

  • DE 10 2017 002 286 A1  ·  Germany  ·  restored 05/2026
  • IT 102024000001203  ·  Italy  ·  granted 01/2026
  • EP 25153570.4  ·  Europe  ·  pending, publication 07/2026
  • Thermal storage  ·  phase 2  ·  in preparation
  • Mobility application  ·  phase 3  ·  being filed
II  ·  MARKET

Regulatory tailwind meets technical readiness.

CBAM, EU-ETS tightening and the "Fit for 55" package create short-term price signals for emissions reduction across industry and commerce. Addressable demand exists where low- and medium-temperature waste heat remains unused today.

0.3–0.8B
Realistically obtainable market (SOM) in Italy and Germany through 2033 – roughly 1–2 % of the global CHP and ORC market.
ZET Business Plan ch. 4.1.1
55 %
EU CO2 reduction target by 2030 vs. 1990 – binding under Fit for 55.
EU Regulation 2021/1119
550 units
Base Case deliveries in 2033 per Financial Model v1.6 – 1,411 units cumulatively since 2027.
ZET Financial Model v1.6
III  ·  FOUNDING TEAM

Four founders. Four clear roles.

Two co-inventors carry the technology, a CFO the financial architecture, a COO the execution. The target structure is four equal partners holding 25 % each. The company was incorporated on 29 July 2026 by Manlio Molinari and Konstantin Janke with 50 % each; Klaus J. Herrmann and Rainer Hahn join in September 2026 with the conversion into a startup innovativa.

Manlio Molinari
CEO · Co-inventor

Co-inventor of the core patents. Long-standing leadership experience in Italian and international industrial companies focused on power plant equipment, including nuclear – from engineering through to commissioning. The prototype is being built at his site in Bergamo.

Klaus J. Herrmann
CTO · Process Engineer

Co-inventor of the core patents. An experienced process engineer for thermodynamic processes, he leads prototype development, engineering and the TRL roadmap. KIT Karlsruhe provided the scientific validation of the thermodynamic design.

Rainer Hahn
CFO

More than two decades in international capital markets. Founder of the EMFIS.com financial portal (Asia, Latin America, Eastern Europe), author of “Investing in Asia” (2005) and co-founder of the Tiger&Dragon financial publication. Investment committee member for the Deutsche Bank Asia Environment Index and ABN Bank Switzerland China Equity 2008. Currently editor-in-chief of Swissinvestor.de. Leads ZET’s financial architecture, investor relations and valuation logic under IDW S 1 / IDW S 5.

Konstantin Janke
COO

Serial entrepreneur with more than twelve years of founding experience. Studied psychology at Sigmund Freud University Vienna. Founded among others Infinity Green (fintech AI, €3M ARR in year one) and Advertisemen Ltd (performance marketing, 25 staff). Responsible at ZET for operations, business development and roadmap execution.

IV  ·  ADVISORY BOARD

Three advisors — capital markets, coaching, family office.

Complementary expertise in areas where we deliberately avoided overlap with the founder roles: corporate development and capital markets, leadership and change, family-office governance.

Yusuf Taze
Strategic Advisor · Business Development

More than 25 years of experience in capital markets, corporate development and strategic advisory work for international growth companies.

As Managing Director of TH International Consulting GmbH he has supported companies since 2012 in business development, investor relations, fundraising and the development of international partnerships.

Dieter Mangel
Coaching · Change

Executive coach with long-standing international leadership experience in industry. Supports leaders through change processes and agile transformation.

dietermangel.de →
Andreas Schwarz
Family Office

Founder of the Schwarz Family Office in Dubai. Previous positions with Golden Equator Capital, Bank of Singapore and Pictet Investment Company (Senior Wealth Manager for family offices and UHNWIs). EMBA-Global Asia (Columbia Business School, London Business School, University of Hong Kong). Advises ZET on investor outreach in the GCC and Asian context and on cap-table structuring.

LinkedIn →
V  ·  INVESTMENT

Funding roadmap 2026 – 2033.

Five stages from seed to IPO. Each round covers a clearly delimited execution phase. Business plan and financial model available in the data room upon qualified request.

Seed
1.5M
in placement
Bridge
4.0M
Q3 2028
Series A
12.5M
Q2 2029
Series B
5–8M
Q3 2030
IPO
Frankfurt / Milan
Q4 2032 / Q1 2033

Governance framework

Seed investors receive quotas (quote) with full voting rights – no preferred classes. Convertible loan at seed stage: 20 % discount, €4M cap. Full details, WACC calibration and sensitivities in the 383-page business plan. Data room access on request.

VI  ·  PRESS

Press inquiries and statements.

Starting August 2026 we regularly publish press releases on patent portfolio milestones, prototype progress in Bergamo and investor-process updates. For interview requests and background conversations the founders are available by appointment.

Press contact
press@zethdp.com
Press releases

First press releases scheduled from August 2026.

Topics: incorporation in Bergamo (29 July 2026) · entry in the Registro delle Imprese (5 August 2026) · start of prototype assembly in Bergamo · patent publication EP 25153570.4 · conversion into a startup innovativa.

VII  ·  CONTACT

Data room access & investor updates.

Investor relations

For institutional investors, family offices and development banks we grant access to the full data room (business plan, financial model, patent documentation) after a brief initial review.

Direct contact
investors@zethdp.com