Winns

What Winns does

Winns AS is a Norwegian private limited company founded in 2014 that designs and manufactures climate-friendly heating and cooling systems for offshore installations using natural CO2 as a refrigerant. The company is headquartered in Oslo, manufactures at its Stord facility, and maintains a technical advisory office in Trondheim. It sells directly to major offshore oil and gas operators — including Equinor, Aker BP, Shell, and Vår Energi — and to EPC contractors such as Aibel, Aker Solutions, Leirvik, and SBM Offshore, with a reference list spanning more than 50 offshore installations (Troll A, Johan Sverdrup, Johan Castberg, Goliat, Ormen Lange, Statfjord C, Symra, and others). All units are built at the Stord site and undergo Factory Acceptance Testing with the client before delivery, supported by full ATEX documentation packages for explosive-atmosphere zones.

The product portfolio comprises three core lines: (1) the CO2nnext Refrigeration Package for Provision Store, a compact CO2 booster skid sized 7–25 kW cooling and 4–20 kW freezing, marketed as covering 95% of offshore living-quarter provision-store applications; (2) the DX Precision Cooler for Equipment Room, a family of six direct-expansion CO2 units from 10–50 kW with VSD-controlled hermetic rolling piston compressors, custom Winns PLC software, and a 10-inch color touchscreen; and (3) the Thermal Energy Preserve & Distribute System (TEPDS) for Living Quarters, which reclaims 250–450 kW of waste heat from extract air and equipment rooms for HVAC heating and hot tap water. The underlying technology relies on CO2 transcritical booster architecture with only three tubes for installation, VSD-controlled part-load operation down to 900W cooling / 700W freezing, and K65 high-pressure tubing. Differentiators include P.E.D 2014/68/EU Module H1, ATEX, CE, and ISO 9001:2015 certifications, a noise floor as low as 42 dBA, and a refrigerant choice that eliminates HFC/HFO phase-out risk (50 kg of R134a leakage equals 74,000 kg of CO2-equivalent emissions versus 50 kg in / 50 kg out for CO2).

Winns generates revenue primarily through custom-engineered hardware sales on multi-year enterprise contracts, with project-specific pricing that is not publicly disclosed. Standard capacities begin at the CO2nnext base unit (7 kW cooling / 5 kW freezing) and scale up to 24 kW for provision stores and 50 kW for precision coolers, with bespoke systems (e.g., Ormen Lange's 2 x 840 kW chillers with pump skids) quoted per technical requisition. The go-to-market is enterprise field sales led by a dedicated offshore Sales Manager and Project Manager, augmented by EPC-contractor integration. The company has no public ticker, no parent, no disclosed institutional investors beyond a 2021 round (~$2.99M, led by Statkraft Ventures with Byggteknikk), and Innovasjon Norge has funded DX precision cooler development.

Name

Winns

Legal name

Winns AS

Website

https://winns.no

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Winns AS, founded in 2014 in Norway, designs and manufactures CO2-based heating and cooling systems for offshore oil and gas installations, serving operators such as Equinor, Aker BP, Shell, and Vår Energi through direct enterprise sales and EPC contractors.

Ownership category

akta.pro rank

Product category

Offshore Refrigeration and Cooling Equipment

NAICS

Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Power Boiler and Heat Exchanger Manufacturing (332410)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Refrigeration & Service Industry Machinery (3580)

akta.pro primary industry

Chillers & Cooling Plant Equipment (IMAHAKAE)

akta.pro secondary industries

Heat Exchangers & Thermal Transfer Equipment (IMAHAKAC), Heat Exchangers, Coils & Hydronic HVAC Components (IMADANAF)

Keywords

• Offshore refrigeration systems
• CO2 cooling solutions
• Natural refrigerant technology
• Heat pump systems
• Offshore HVAC equipment

Headquarters

HQ city

Trondheim

HQ country

Norway

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Offshore CO2 Cooling Systems: Sale of climate-friendly heating and cooling systems using natural CO2 as refrigerant for offshore applications including provision stores, equipment rooms, and living quarters.
2. Custom Engineering Solutions: Custom-designed CO2-based DX cooling units with full offshore ATEX documentation package for specific offshore installations and projects.
3. FAT Testing Services: Factory Acceptance Test service with client present at Stord test facility before offshore installation.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Winns designs, manufactures, and delivers climate-friendly CO₂-based heating and cooling systems for offshore oil and gas installations. The portfolio includes a refrigeration package for provision stores (7-25 kW cooling, 4-20 kW freezing), direct expansion precision coolers for equipment rooms (10-50 kW), and a thermal energy preserve and distribute system (TEPDS) that reclaims waste heat from living quarters. All units are built at the company's Stord facility in Norway, certified to P.E.D. 2014/68/EU Module H1 and ATEX standards, and shipped with full offshore documentation packages for installation on platforms, FPSOs, and drilling rigs.

Product overview

Winns develops and delivers climate-friendly heating and cooling solutions for offshore applications using natural CO₂ as a refrigerant. The product portfolio consists of three core product lines: (1) the CO₂nnext Refrigeration Package for Provision Store — a compact CO₂ booster system for food storage cooling and freezing; (2) the DX Precision Cooler for Equipment Room — direct expansion cooling units for server and equipment spaces; and (3) the Thermal Energy Preserve & Distribute System (TEPDS) for Living Quarters — a heat recovery and redistribution system. All products use natural CO₂ refrigerant, eliminating synthetic refrigerants (HFCs, HFOs, CFCs) that contribute to global warming and ozone depletion.

Differentiator

Problem solved

Functional benefit

Brands

• CO₂nnext: A small, low noise, enclosed compressor skid product line for provision store refrigeration, with 7-24 kW cooling and 4-20 kW freezing capacity.

Products and services

• CO₂nnext Refrigeration Package for Provision Store A small, low-noise, enclosed compressor skid using natural CO₂ as refrigerant, designed for cooling and freezing in offshore Living Quarter provision stores. Features VSD-controlled hermetic rolling piston compressors, capacity range 7-25 kW cooling and 4-20 kW freezing, designed to fit through standard doorways (1000x700x1900mm). Targeted at offshore platform and FPSO operators including Equinor, Aker BP, Shell, and Vår Energi.
• DX Precision Cooler for Equipment Room CO₂-based direct expansion precision cooling units for offshore equipment rooms, available in six sizes ranging from 10 to 50 kW cooling capacity. Features VSD-controlled compressors, Winns PLC software, 10-inch colour touchscreen with P&ID display, three password-protected access levels, and stainless steel cabinets for downflow or front flow configurations. Targeted at offshore platform and rig operators needing to cool computer racks and electronics while eliminating chemical refrigerants.
• Thermal Energy - Preserve & Distribute System (TEPDS) for Living Quarters Heat pump system for offshore Living Quarters that recovers and redistributes thermal energy to reduce virgin electric power consumption. The system captures 250-450 kW of average waste heat from equipment rooms and extract air and reuses it for HVAC heating and hot tap water, minimizing energy waste and supporting compliance with regulations on excess heat handling. Targeted at offshore Living Quarter operators seeking large reductions in virgin electric power demand.

Quantifiable outcome

• A typical refrigeration system with 50kg HFC (R134a GWP=1480) leaking equals 74,000 kg CO2 emissions. Same system with CO2: 50kg in is 50kg out.
• +5 more outcomes

Named customers14 records

Segments5 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Six partnerships are on record, tiered core, major and supporting.

• KIWAcoreOthersCertification body for P.E.D. 2014/68/EU Module H1 certification. Reference 0435. KIWA provides third-party verification of Winns design and manufacturing quality for pressure equipment compliance.
• BitzercoreTechnology or IntegrationMain sub-supplier of compressors for Winns CO2 cooling systems. Bitzer is a world-leading manufacturer of refrigeration compressors, providing tried and tested components for Winns equipment.
• Nordic SteelmajorTechnology or IntegrationMain sub-supplier of casings for Winns cooling units. Provides enclosures and structural components for offshore cooling equipment.
• ttc NorgemajorTechnology or IntegrationMain sub-supplier of gas coolers and coils for Winns CO2 systems. Provides perfectly adapted heat exchange components complementing the system.
• K65 SystemsupportingTechnology or IntegrationManufacturer of K65 high-pressure CU alloy tubing with 2% carbon steel. Winns uses K65 tubing which offers weight reduction, excellent heat transfer properties, and brazing instead of welding for installation.
• Innovasjon Norge (Innovation Norway)supportingOthersGovernment innovation agency that provided funding for development of Winns DX precision cooler range. Demonstrates government support for natural refrigerant technology development.

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Heinen & Hopman: Specialist in HVAC and refrigeration for marine and offshore (yachts, naval, offshore platforms) — directly comparable offshore cooling customer base and system scope to Winns, though typically using HFC refrigerants rather than CO2 transcritical.
• Star Refrigeration: UK-based industrial refrigeration specialist with deep natural-refrigerant (CO2, ammonia) expertise for industrial and process cooling. Comparable technical profile to Winns in natural refrigerant systems, with broader industrial focus beyond offshore.
• Hamworthy (Wärtsilä): Wärtsilä's marine/offshore division supplies HVAC, refrigeration, and galley cooling systems to FPSOs, drilling rigs, and offshore platforms. Direct competitor in the offshore cooling unit market and a broad incumbent relative to Winns' specialized CO2 offering.

Broad incumbents

• FläktGroup: European HVAC manufacturer supplying air handling, cooling, and ventilation systems for offshore, marine, and industrial markets. Broad incumbent with overlapping offshore cooling capabilities but broader portfolio and larger scale than Winns.
• Alfa Laval: Global supplier of heat exchangers and process equipment for marine, offshore, and industrial applications. Overlaps with Winns on the heat-transfer component layer and offshore customer base, though at component/system level rather than complete refrigeration packages.
• Mayekawa: Japanese industrial refrigeration specialist (Mycom brand) with global footprint in natural-refrigerant cooling for food, marine, and industrial applications. Comparable technology stack (CO2/ammonia natural refrigerants) but much broader geographic and vertical reach than Winns.
• Carrier Marine (Carrier Global): Global leader in marine and offshore HVAC/refrigeration under Carrier Marine (formerly Carrier Transicold). Serves offshore platforms, FPSOs, and marine vessels with broad product portfolio — overlaps with Winns on offshore cooling but at much larger scale and with traditional refrigerant options.

Emerging players

• Danfoss Climate Solutions: Major refrigeration component supplier actively promoting transcritical CO2 systems for commercial and light-industrial cooling. Adjacent supplier/ecosystem player to Winns but increasingly a system-level competitor in CO2 refrigeration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@winnsas1682?si=mwzqLgkaESzb0EHQ
• Facebookfacebook.com/WinnsAS
• LinkedInlinkedin.com/company/winns-as

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Winns