NewHeat
NewHeat is a French renewable heat supplier that develops, finances, builds, and operates solar thermal plants, heat recovery systems, and thermal storage solutions for industrial sites, district heating networks, and mining customers in France, Chile, and Latin America under a "heat as a service" model.
- Company typePrivate
- Founded2015
- HeadquartersBègles, France
- Headcount11–50
- GTM typeB2B
- OfferingServices
What NewHeat does
NewHeat is a French renewable and recovered heat supplier founded in 2015 and headquartered in Bègles, France. The company develops, designs, builds, finances, and operates tailor-made renewable heat production and recovery plants for large industrial sites, district heating networks, and mining operations. Its core technology stack combines large-scale solar thermal power stations, industrial waste heat recovery systems, and thermal energy storage into integrated plants designed around locally available energy resources, with the company positioning itself as technology-agnostic and independent of any single equipment supplier.
The business runs on a "Heat as a Service" model under long-term (15-20 year) heat purchase agreements that shift capital expenditure away from customers and onto NewHeat. Pricing is project-specific and contractually locked, with revenue generated from heat delivery rather than equipment sales. The product portfolio includes solar thermal plants with thermal storage (e.g., a 30+ MWth, 4,000+ m³ thermal storage installation at the Codelco Gabriela Mistral copper mine in Chile since 2013, which reduced fossil fuel consumption by over 60% and avoided more than 15,000 tCO₂ annually), industrial heat recovery plants for manufacturing (tile production), agricultural greenhouse installations, and Narboflex, described as France's first electrical flexibility solution combining an electric boiler with thermal storage for district heating grid balancing.
Since inception, NewHeat has delivered 92,097 MWh of renewable and recovered heat and avoided 23,024 tonnes of CO₂ emissions. As of late 2023, the company has 15 active projects in France and is targeting a tripling of capacity to 200 GWh annually with €37M of equity raised to date (including a €30M round led by SWEN Capital Partners in November 2023) and a planned €150M three-year investment program. International expansion is executed through the Newheat Latam joint venture focused on copper and lithium mining in Chile and Latin America, led by founder-CEO Hugues Defréville and co-founder/CTO Pierre Delmas.
NewHeat firmographics
Firmographics- Name
- NewHeat
- Legal name
- NewHeat
- Website
- https://newheat.fr
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- NewHeat is a French renewable heat supplier that develops, finances, builds, and operates solar thermal plants, heat recovery systems, and thermal storage solutions for industrial sites, district heating networks, and mining customers in France, Chile, and Latin America under a "heat as a service" model.
- Ownership category
- akta.pro rank
NewHeat industry classification
Industry- Product category
- Renewable Heat Energy Services
- NAICS
- Steam and Air-Conditioning Supply (221330)
- SIC
- Steam & Air-Conditioning Supply (4961)
- akta.pro primary industry
- District Heating & Cooling Thermal Storage (Network-Integrated TES) (EUAFANAH)
- akta.pro secondary industries
- Industrial Process Heat TES (Steam, Kilns, Furnaces, Waste-Heat Coupling) (EUAFANAI), Waste Heat Recovery & Heat Integration (HRSG/ORC, Pinch Analysis, Heat Exchangers) (EUABAJAF), TES Components & Balance-of-Plant (Heat Exchangers, Tanks, Insulation, Pumps, Valves) (EUAFANAL)
Keywords
Where NewHeat is headquartered
LocationHeadquarters
- HQ city
- Bègles
- HQ country
- France
- HQ region
- Europe
Offices2 records
Markets served
NewHeat business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Infrastructure, Personnel, Operations, Supply Chain, Marketing or Sales
Revenue model
- Renewable Heat Supply Service: Long-term heat purchase agreements (15-20 year contracts) providing decarbonized, sustainable, tailor-made and competitive heat supply. 'Heat as a service' model requiring no upfront capital expenditure from customers. Revenue generated from heat delivery under contractual terms.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Long-term heat purchase agreements (HPA) |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
NewHeat product offering
Product offeringCore offering
NewHeat develops, designs, builds, finances and operates renewable heat production and recovery plants for industrial sites and district heating networks. The company sells decarbonized heat under a Heat-as-a-Service model with 15-20 year contracts, removing the need for upfront capital expenditure by customers while delivering tailor-made solutions that combine solar thermal, biomass, heat recovery and thermal storage technologies.
Product overview
Newheat is a pioneering renewable and sustainable heat supplier offering a portfolio of integrated solutions for industrial sites and district heating networks. The company develops, designs, builds, finances, and operates renewable heat production and recovery plants. The core product portfolio includes Solar Thermal Power Stations for solar heat generation, Heat Recovery Solutions for industrial waste heat capture, and Thermal Storage systems for reliable heat supply and grid flexibility. The company also offers Narboflex, France's first electrical flexibility solution combining electric boilers with thermal storage for district heating networks. Newheat operates under a 'Heat as a Service' model through long-term 15-20 year contracts, serving customers in district heating, industry (including greenhouses, manufacturing, and mining), and international markets through its Newheat Latam joint venture.
Differentiator
Problem solved
Functional benefit
Products and services
- Heat-as-a-Service for industrial sites End-to-end renewable heat delivery service for industrial process heat users, in which NewHeat finances, builds, owns and operates the on-site heat plant and sells the resulting heat to the customer under a long-term service contract. Targeted at energy-intensive industrial sites that need to decarbonize their heat supply without taking on asset ownership or operational complexity.
- Heat-as-a-Service for district heating networks Long-term renewable heat supply service for municipal and private district heating networks, where NewHeat develops, finances, builds and operates dedicated renewable heat plants and supplies heat to the network operator. Allows district heating operators to add renewable capacity without owning the assets.
- Solar thermal power stations Solar thermal power stations designed and built by NewHeat to capture solar energy and produce renewable heat, typically integrated with thermal storage and delivered as part of the company's heat plant offerings to industrial and district heating customers.
- Industrial heat recovery plants Heat recovery plants that capture and reuse waste heat from industrial processes, designed and built by NewHeat as part of its renewable heat plant portfolio. Targeted at industrial sites with available waste heat streams that want to improve energy efficiency and decarbonize their heat supply.
- Thermal energy storage solutions Thermal energy storage solutions integrated into NewHeat's renewable heat plants, enabling storage of heat produced from intermittent sources such as solar thermal and delivery of heat on demand to industrial or district heating customers.
- Narboflex Narboflex is a proprietary component in NewHeat's renewable heat technology stack, supporting the company's ability to design and deliver tailor-made renewable heat plants. Used as part of the integrated plant solution rather than sold as a standalone catalog product.
Quantifiable outcome
- Reduced fossil fuel consumption by more than 60% at Codelco Gabriela Mistral copper mine
- +4 more outcomes
Companies that use NewHeat
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
NewHeat technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
NewHeat partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Newheat LatamcoreJoint venture established for Latin American operations, focused on decarbonizing Chile's copper and lithium mining sector. Newheat Latam positions itself as strategic partner for mining customers, offering 'heat as a service' through 15-20 year contracts. The joint venture enables Newheat to serve the significant thermal energy demand in the region where mining consumes ~55 TWh annually with 49% from fossil fuels.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
NewHeat competitors and assessment
Company assessmentBroad incumbents
- ENGIE: Global energy utility with significant renewable heat, district heating, and industrial energy services operations across Europe and Latin America. Competes with NewHeat for large industrial and municipal heat contracts but operates as a broad incumbent rather than a renewable-heat specialist.
- Veolia: Operates district heating and cooling networks across Europe and offers industrial energy services including waste heat recovery. Directly comparable on district heating and heat-as-a-service business models, though within a much larger environmental services portfolio.
- Dalkia (EDF group): French district heating and industrial energy services operator, a subsidiary of EDF. Competes head-to-head with NewHeat in French district heating tenders and offers similar heat-supply-as-a-service contracts to municipalities and industrial sites.
- Suez: French utility and environmental services company with waste heat recovery and district heating activities. Comparable on the heat-recovery solution set and on serving French industrial and municipal customers, though within a much broader water/waste portfolio.
Direct peers
- Savosolar: Finland-based solar thermal system manufacturer and project developer focused on large-scale solar heat plants for district heating and industrial customers. Directly comparable technology (solar thermal collectors + thermal storage) and similar target markets (Nordic/EU district heating).
- Absolicon: Swedish solar thermal concentrator manufacturer supplying turnkey solar heat plants to industries and district heating networks. Highly comparable on technology (concentrated solar thermal for process heat) and target customers (industrial process heat and municipalities).
Emerging players
- Glasspoint (Aalborg CSP): Provider of concentrated solar thermal solutions for industrial process steam, with notable oil & gas deployments and a pivot toward mining and other heavy industries. Overlaps with NewHeat on solar process heat for mining/industrial customers but historically served the oil sector.
- Solarlite: German solar thermal technology company building steam-generating solar plants for industrial customers, particularly in food processing and chemicals. Comparable on technology stack and industrial use cases, smaller scale than NewHeat.
- TVP Solar: Swiss-Israeli company developing high-temperature solar thermal collectors for industrial process heat and cooling. Directly comparable technology focus on solar thermal for industrial process applications.
- Malta Inc. US-based long-duration thermal energy storage developer with pumpable heat and cold storage. Overlaps with NewHeat on the thermal storage component of its offering and on grid flexibility, though Malta focuses on grid-scale storage rather than heat-as-a-service.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
NewHeat social profiles
Digital presenceNewHeat financial estimates
Financial estimateRevenue estimate
Valuation estimate
NewHeat leadership team
Management profileNumber of profiles
Profiles2 records
NewHeat subsidiaries and ownership
Company hierarchySubsidiaries1 record
NewHeat funding detail
Funding detailFunding overview
Funding rounds4 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
NewHeat M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about NewHeat
What does NewHeat do?
NewHeat develops, designs, builds, finances and operates renewable heat production and recovery plants for industrial sites and district heating networks. The company sells decarbonized heat under a Heat-as-a-Service model with 15-20 year contracts, removing the need for upfront capital expenditure by customers while delivering tailor-made solutions that combine solar thermal, biomass, heat recovery and thermal storage technologies.
Is NewHeat a public or private company?
NewHeat is a private company. It is classified as venture growth investor backed and is currently operating.
When was NewHeat founded?
NewHeat was founded in 2015. It employs 11 to 50 people.
Where is NewHeat based?
NewHeat is headquartered in Bègles, France, in the Europe region.
How does NewHeat make money?
One revenue line is on record: renewable Heat Supply Service.
Who are NewHeat's main competitors?
Broad incumbents on record are ENGIE, Veolia, Dalkia (EDF group) and Suez. Direct peers are Savosolar and Absolicon. Emerging players are Glasspoint (Aalborg CSP), Solarlite, TVP Solar and Malta Inc..
Does NewHeat have an API?
No public API is recorded for NewHeat.
What industry is NewHeat in?
NewHeat's product category is Renewable Heat Energy Services. Its primary akta.pro industry code is EUAFANAH, District Heating & Cooling Thermal Storage (Network-Integrated TES), with a secondary code of EUAFANAI, Industrial Process Heat TES (Steam, Kilns, Furnaces, Waste-Heat Coupling). Its NAICS code is 221330 and its SIC code is 4961.