Astatine
Astatine is an Irish-owned industrial decarbonisation company delivering turnkey solar PV, battery storage, high-temperature heat pumps, waste heat recovery, and EV charging under an Energy-as-a-Service model for enterprise clients across Ireland, the UK, and Europe.
- Company typePrivate
- Founded2019
- HeadquartersDublin, Ireland
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Astatine does
Astatine Limited is an Irish-owned industrial decarbonisation company headquartered at the Guinness Enterprise Centre in Dublin. Founded in 2019, the company designs, finances, installs, and operates integrated power, heat, and transport systems for large enterprise energy users across Ireland, the UK, and continental Europe. Its offering spans three technology pillars: Industrial Power (solar PV, battery energy storage, waste heat-to-power, advanced energy management), Industrial Heat (high-temperature heat pumps up to 200°C, industrial heat recovery, thermal storage, control systems), and Industrial Transport (ultra-fast 500kW–1,200kW EV chargers and electric HGV fleet solutions).
Astatine sells primarily under an Energy-as-a-Service model in which it finances the upfront capital cost via Special Purpose Vehicles, owns the asset, and bills the client monthly for energy delivered — supported by grant maximisation services and long-tenor (4–25 year) financing from the European Investment Bank and the Irish Sovereign Investment Fund. Complementary one-time revenue comes from EPC contracts (notably a three-site ENGIE solar farm programme totalling 18MWp). Served verticals include dairy, beverages and distilleries, pharmaceuticals, cement, malting, data centres, and logistics, with named enterprise clients such as Coca-Cola, Pernod Ricard (Irish Distillers), Dale Farm, Arrabawn, Boston Scientific, and AbbVie.
Capital structure is anchored by a €15M Solas Sustainable Energy Fund investment (Feb 2023, plus €10M option) and a €800M European industrial energy transition platform with Aviva Investors (Oct 2025), providing both balance-sheet capacity and deal flow. Reported revenue grew from €22M (2022) to a CEO-stated €70M (2024), with a stated €200M target for 2026, executed by a leadership team drawn from CES Energy (sold to Centrica), Mercury Engineering, Centrica Business Solutions, Diageo, Wind Energy Ireland, and Hanley Energy. Headcount is reported at 130+ professionals across engineering, project management, and commercial functions.
Astatine firmographics
Firmographics- Name
- Astatine
- Legal name
- Astatine Limited
- Website
- https://astatine.ie
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Astatine is an Irish-owned industrial decarbonisation company delivering turnkey solar PV, battery storage, high-temperature heat pumps, waste heat recovery, and EV charging under an Energy-as-a-Service model for enterprise clients across Ireland, the UK, and Europe.
- Ownership category
- akta.pro rank
Astatine industry classification
Industry- Product category
- Industrial Decarbonisation Services
- NAICS
- Steam and Air-Conditioning Supply (221330), Electric Power Generation (22111)
- SIC
- Heating Equipment, Except Electric & Warm Air Furnaces (3433), Cogeneration Services & Small Power Producers (4991), Industrial Process Furnaces & Ovens (3567)
- akta.pro primary industry
- Waste Heat Recovery & Heat Integration (HRSG/ORC, Pinch Analysis, Heat Exchangers) (EUABAJAF)
- akta.pro secondary industries
- Repowering, Augmentation & Retrofit Integration (Capacity Expansion) (EUAEAEAL), EMS / SCADA / DERMS Controls Integration for Storage (EUAEAEAG), Performance Contracting & Energy-as-a-Service (EaaS) for Buildings (BPABAGAN), SCADA/Telemetry, Data Integration & Device Connectivity for Storage/DER Control (EUAFAKAI)
Keywords
Where Astatine is headquartered
LocationHeadquarters
- HQ city
- Dublin
- HQ country
- Ireland
- HQ region
- Europe
Offices3 records
Markets served
Astatine business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Supply Chain, Marketing or Sales, Infrastructure
Revenue model
- Energy-as-a-Service (EaaS): Astatine finances the upfront capital cost, installs the equipment, and charges clients a monthly rate for the energy produced/consumed, similar to traditional utility billing. This is a recurring revenue model with typical project delivery in 3-9 months.
- EPC (Engineering, Procurement, Construction) Contracts: Design and build contracts for renewable energy assets including solar farms and industrial installations. Revenue recognized upon project completion and commissioning.
- Asset Management & Operations: Ongoing operational services including asset management, maintenance, and operational SLAs ensuring optimal performance of installed assets.
- Project Funding & Financing: Astatine provides financing solutions for decarbonisation projects, creating and owning Special Purpose Vehicles (SPVs) to manage projects. Supported by European Investment Bank and Irish Sovereign Investment Fund.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Energy-as-a-Service Model |
| Hybrid | Multi-year contract | Flexible Financing Options |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Astatine product offering
Product offeringCore offering
Astatine delivers turnkey power, heat, and transport decarbonisation solutions for industrial and commercial clients, combining solar PV, battery energy storage systems, high-temperature heat pumps, and EV charging infrastructure with flexible Energy-as-a-Service financing. The company acts as a specialist ESCO, taking projects from feasibility and engineering through installation, financing, and long-term asset management, allowing customers to access decarbonised energy without upfront capital outlay. Its technology stack includes proprietary high-temperature heat pump systems and an Advanced Energy Management System (AEMS) that optimises multi-asset energy flows across industrial sites.
Product overview
Astatine is a fully Irish-owned energy solutions provider offering turnkey power, heat, and transport decarbonisation solutions for industrial clients. The portfolio consists of three core technology pillars—Industrial Power Solutions (Solar PV, Battery Storage, Waste Heat to Power, Energy Management), Industrial Heat Solutions (High-Temperature Heat Pumps up to 200°C, Heat Recovery, Thermal Storage, Control Systems), and Industrial Transport Solutions (Electric HGV Fleets, EV Charging Infrastructure 500kW–1,200kW)—augmented by flexible Finance Solutions including Energy-as-a-Service and Grant Maximisation. The company delivers projects across Ireland, UK, and Europe with no upfront cost options for clients.
Differentiator
Problem solved
Functional benefit
Products and services
- Solar PV systems Industrial and commercial-scale solar PV systems engineered, installed, and operated by Astatine as part of turnkey decarbonisation projects for enterprise customers with significant on-site electrical loads.
- Battery Energy Storage Systems (BESS) Battery energy storage systems sized for industrial and commercial loads, delivered and operated as part of Astatine's integrated solar-plus-storage decarbonisation projects.
- High-temperature industrial heat pumps High-temperature industrial heat pumps that electrify process heat above the temperature range of standard heat pumps, targeting food and beverage, pharmaceutical, and manufacturing customers needing fossil-fuel-free process heat.
- EV charging infrastructure On-site EV charging infrastructure for industrial and commercial customers, integrated with on-site renewables and storage to decarbonise fleet and employee transport alongside power and heat.
- Energy-as-a-Service (EaaS) Long-term Energy-as-a-Service contracts under which Astatine finances, owns, installs, and operates customer decarbonisation assets, with customers paying for delivered energy outcomes (decarbonised kWh of power, heat, and transport) rather than owning the assets outright.
- Advanced Energy Management System (AEMS) Proprietary Advanced Energy Management System that optimises combined solar, battery storage, heat pump, and EV charging assets across an industrial site to maximise self-consumption and decarbonised energy output.
- Asset management and operations Ongoing asset management and operations service for installed decarbonisation systems, providing performance monitoring, maintenance, and optimisation over the contract life.
Quantifiable outcome
- Up to 80% carbon reduction for clients using turnkey solutions
- +5 more outcomes
Companies that use Astatine
Customer profileNamed customers12 records
Segments8 records
Ideal customer profiles1 record
Astatine technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Astatine partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered major, supporting and csr.
- ENGIEmajorAstatine appointed as EPC Contractor by ENGIE to design and build 3 grid-connected solar farms across Ireland. Projects located in Galway and Limerick with combined 18MWp capacity under Renewable Energy Support Scheme.
- TLI GroupsupportingPartnering with Astatine on solar farm construction projects, working alongside Astatine as the EPC contractor.
- SEAI (Sustainable Energy Authority of Ireland)supportingSEAI provided €500,000 capital support to Ahascragh Distillery through EXEED Programme. Astatine developed and installed the decarbonisation technology. SEAI supports energy efficiency investments in Irish industry.
- Light of MaasaicsrAstatine partnered with Light of Maasai in Rombo, Kenya to bring sustainable decarbonisation solutions focusing on power, heat, and transport for rural communities. Impact includes 500 children fed daily with off-grid solar cookers and first electric motorbikes in a region of 2 million people.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
Astatine competitors and assessment
Company assessmentDirect peers
- SSE Energy Solutions: UK and Ireland-based distributed energy and decarbonisation business of SSE plc, offering solar, BESS, heat networks and EV infrastructure to industrial and commercial customers. A directly comparable regional peer operating in Astatine's core geographies with similar technologies.
- Centrica Business Solutions: Industrial and commercial energy services arm of Centrica, offering distributed energy, CHP, solar PV, BESS and decarbonisation projects across the UK, Ireland and Europe. Astatine's COO and several alumni came directly from Centrica Business Solutions Ireland, and the firm is the most direct head-to-head competitor in the same geographies and verticals.
- Star Refrigeration: UK-based industrial refrigeration and heat pump specialist with deep experience in high-temperature industrial heat pumps, ammonia refrigeration and district heating. A directly comparable peer for Astatine's high-temperature heat pump and industrial heat recovery business in the UK and Ireland.
- Ameresco: US-listed Energy-as-a-Service and energy efficiency project developer serving industrial, municipal and public-sector customers with solar, storage, CHP and integrated decarbonisation solutions under long-term contracts. Highly comparable business model to Astatine's EaaS/SPV structure, just at much larger scale and primarily North American footprint.
Broad incumbents
- Siemens Smart Infrastructure: Siemens division covering building and industrial energy management, automation, and electrification solutions. Competes with Astatine's EMS, electrical infrastructure and integrated decarbonisation offerings, though as part of a much broader industrial software and equipment portfolio.
- Schneider Electric: Global energy management and automation major whose industrial software and microgrid/energy services compete with Astatine's EMS, integration and turnkey decarbonisation offerings. A broad incumbent rather than a niche specialist, but a credible competitor for industrial offtakers evaluating turnkey decarbonisation partners.
- Veolia: Global environmental services group with significant industrial energy, heat, waste-to-energy and decarbonisation offerings across Europe. Competes with Astatine for industrial heat and energy recovery projects in pharma, food & beverage and dairy, but operates a much broader portfolio beyond industrial decarbonisation.
- ENGIE: Global energy major with deep industrial decarbonisation, district heating, solar EPC and energy services operations across Europe. ENGIE is both an Astatine customer (EPC for 3 Irish solar farms) and a competing developer of large-scale industrial decarbonisation projects, making it the most directly relevant incumbent peer.
- E.ON Business Solutions: European energy major with a dedicated B2B energy solutions unit delivering decentralised energy, heat, CHP and decarbonisation to industrial customers in the UK, Ireland and continental Europe. Overlaps significantly with Astatine's industrial heat and power decarbonisation value proposition.
- Johnson Controls: Global building and industrial efficiency provider offering HVAC, building automation, energy storage and energy-as-a-service contracts. Overlaps with Astatine on heat pumps, building/industrial energy management and EaaS financing structures, though primarily focused on buildings rather than heavy industrial offtakers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Astatine social profiles
Digital presenceAstatine compliance and trust
Trust signalCompliance6 records
Astatine financial estimates
Financial estimateRevenue estimate
Valuation estimate
Astatine leadership team
Management profileNumber of profiles
Profiles9 records
Astatine funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Astatine 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 Astatine
What does Astatine do?
Astatine delivers turnkey power, heat, and transport decarbonisation solutions for industrial and commercial clients, combining solar PV, battery energy storage systems, high-temperature heat pumps, and EV charging infrastructure with flexible Energy-as-a-Service financing. The company acts as a specialist ESCO, taking projects from feasibility and engineering through installation, financing, and long-term asset management, allowing customers to access decarbonised energy without upfront capital outlay. Its technology stack includes proprietary high-temperature heat pump systems and an Advanced Energy Management System (AEMS) that optimises multi-asset energy flows across industrial sites.
Is Astatine a public or private company?
Astatine is a private company. It is classified as venture growth investor backed and is currently operating.
When was Astatine founded?
Astatine was founded in 2019. It employs 11 to 50 people.
Where is Astatine based?
Astatine is headquartered in Dublin, Ireland, in the Europe region.
How does Astatine make money?
Four revenue lines are on record. Energy-as-a-Service (EaaS) is the primary driver. The others are EPC (Engineering, Procurement, Construction) Contracts, asset Management & Operations and project Funding & Financing.
Who are Astatine's main competitors?
Direct peers on record are SSE Energy Solutions, Centrica Business Solutions, Star Refrigeration and Ameresco. Broad incumbents are Siemens Smart Infrastructure, Schneider Electric, Veolia, ENGIE, E.ON Business Solutions and Johnson Controls.
Does Astatine have an API?
No public API is recorded for Astatine.
What industry is Astatine in?
Astatine's product category is Industrial Decarbonisation Services. Its primary akta.pro industry code is EUABAJAF, Waste Heat Recovery & Heat Integration (HRSG/ORC, Pinch Analysis, Heat Exchangers), with a secondary code of EUAEAEAL, Repowering, Augmentation & Retrofit Integration (Capacity Expansion). Its NAICS code is 221330 and its SIC code is 3433.