Qnergy was established in 2009 by Ricor Cryogenic and Vacuum, a world leader in the field of miniature Stirling cryogenic coolers. Qnergy’s Stirling engines are based on Ricor's proven technology, IP, and know-how (developed and employed over the past 40 years). Qnergy developed a unique proven technology that perfectly addresses and suits the utility industry's challenges. Based on the original Stirling thermodynamic cycle, the Qnergy power-generation solution presents an advanced compilation of a number of sophisticated technologies, many originally developed for the space and defense industries. The Company develops and manufactures highly efficient, reliable and cost-effective Stirling engines for various applications: micro-combined heat and power (CHP), solar power generation and solar CHP, liquefied natural gas, and more. Qnergy’s technology will enable residential and business customers to generate power and hot water on-site with total efficiency of more than 90%. Qnergy is located in northern Israel.