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ENERIN AS

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High-temperature heat pumps for industrial process decarbonization

Asker, NorwayFounded 2017Energy
Valuation $50–100M Last recorded · 2025
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About ENERIN AS

ENERIN AS is a Norwegian technology company that develops and manufactures high-temperature heat pumps for industrial use. Founded in 2017 by CEO Arne Høeg, the company is headquartered in Asker, Norway. Høeg, an industrial engineer, began developing industrial heat pumps based on the Stirling principle 18 years prior to the company's founding, gaining extensive experience in the field.

The company's core product is the HoegTemp® heat pump, which is based on a reversed Stirling cycle and uses helium as a refrigerant. This system is designed to capture waste energy and convert it into high-temperature steam or hot water up to 250°C. A key feature is its ability to reduce a factory's energy consumption by 50-70% compared to traditional gas boilers, making clean industrial heat economically viable. The modular and standardized system adapts to variable factory conditions, allowing clients to decarbonize their heat and steam processes without needing to redesign existing operations. The HoegTemp heat pump is available in module sizes from 200 kW to 1 MW. In addition to the heat pumps, Enerin offers related products and services, including Thermonitor and VacCat feedwater systems, to optimize energy efficiency.

Enerin operates on a B2B business model, targeting industries that require high-temperature process heat, such as pharmaceuticals, animal feed, food processing, and petrochemicals. The company's technology is aimed at replacing fossil-fueled industrial boilers, which are a significant source of global CO₂ emissions. Pilot projects have been successfully implemented with major clients, including GE Healthcare, Pelagia, and IVAR IKS Biogas. Enerin has delivered heat as a service in some of these projects and plans its first commercial installation for Roche in Switzerland in 2026. In November 2025, the company announced an oversubscribed €15 million Series A funding round to transition from bespoke manufacturing to serial production, expand its commercial and manufacturing operations, and accelerate global scaling.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2017
Headquarters
Asker, Norway
Employees
23
Open positions
None listed
Dealroom signal
57.7/100
Industry
Energy, Engineering and Manufacturing Equipment
Sub-industry
Energy Efficiency
Sector
Energy, Sustainable Development Goals, Climate Tech, DT and LS, science-based
Technology
Hardware, Deep Tech
Business model
Manufacturing
Client focus
b2b

Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES A✓Equity / VC Nov 2025 $17M $66M Momentum Partners · PSV · Climentum Capital · Johnson Controls ↗
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Growth signals

ENERIN AS website traffic

Latest recorded traffic for ENERIN AS is 220 monthly website visits, down 77.1% over the last three months. ENERIN AS's team grew 27.8% over the past year.

Latest monthly visits220 3-month web change-77.1% 1-year team growth+27.8%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

6 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A6 investors entered at this stage

  • Climentum Capital
  • Johnson Controls
  • The Footprint Firm
  • Move Energy
  • Momentum Partners
  • PSV
Team profiled 1 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
3 countries with
team presence
🇳🇴 Norway82.3%
🇩🇰 Denmark5.9%
🇦🇹 Austria5.9%
3 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about ENERIN AS on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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