ADEX
- Company typePrivate
- Founded2004
- HeadquartersMadrid, Spain
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What ADEX does
ADEX Solutions SL is a Madrid-headquartered industrial technology company that develops, patents, and commercializes a Self-tuning Artificial Intelligence control platform built on Adaptive Predictive Expert Control. The software is deployed as a pure add-on to customers' existing Distributed Control Systems, replacing conventional fixed-parameter PID controllers with multivariable, self-adaptive controllers that tune in real time to changing process dynamics. The underlying technology originated from 25+ years of mathematical research at MIT, Grenoble University, and the University of Alberta, and is protected by patents in the United States and European Union, including a new grant in February 2025 that extends core IP coverage for another 20 years.\n\nThe company's productized applications target process optimization in thermal power generation (coal-fired and combined cycle gas turbines), water treatment, cement, composites, and wind turbines, with discrete modules covering drum level control, steam attemperation, primary emissions reduction, gas heater optimization, crystallization, and waste water management. ADEX reports more than 150 projects delivered globally, with 65 commissioned in the energy sector managing approximately 16 GW of power, and claims its technology enables over €110 million in annual customer savings or incremental income.\n\nADEX monetizes primarily through multi-year software licensing and platform deployment contracts with large industrial operators, supplemented by partner-delivered integration services and a complimentary Room for Improvement Analysis (valued at €12,000) used as a customer acquisition tool. Its go-to-market combines direct enterprise sales into major utilities (Enel, Iberdrola, Naturgy, Engie, GPG, Acciona, PEMEX) with a certified channel partner network — Tecnatom for LatAm/Middle East, L&T-MHI Power Boilers for India — an OEM/embedded "ADEX Inside" model, and co-development relationships with research bodies such as EPRI. The company is privately held with no venture capital disclosed; the only external capital on record is a €63,096 EISMEA grant in October 2014.
ADEX firmographics
Firmographics- Name
- ADEX
- Legal name
- ADEX Solutions SL
- Website
- https://adexcop.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
ADEX industry classification
Industry- Product category
- Industrial Process Control Software
- NAICS
- Other Measuring and Controlling Device Manufacturing (334519), Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512)
- SIC
- Industrial Instruments For Measurement, Display, And Control (3823), Services-Computer Integrated Systems Design (7373), Auto Controls For Regulating Residential & Comml Environments (3822)
- akta.pro primary industry
- Control System Integration & Engineering Services (Design, Commissioning, Retrofits) (IMAGABAK)
- akta.pro secondary industries
- Industrial Controllers & Control Systems (PLCs, PACs, CNC Controllers) (IMAHAHAH), Advanced Distribution Management Systems (ADMS) Platforms (EUADAEAA)
Keywords
Where ADEX is headquartered
LocationHeadquarters
- HQ city
- Madrid
- HQ country
- Spain
- HQ region
- Europe
Offices2 records
Markets served
ADEX business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Others
Revenue model
- Software License and Platform Deployment: ADEX deploys its Self-tuning AI platform as a software add-on to existing control systems. The platform is installed and commissioned by ADEX engineers or certified partner engineers, with the company earning revenue from software licensing and implementation services.
- Room for Improvement Analysis: ADEX offers complimentary or discounted feasibility analyses (valued at 12,000 EUR) to demonstrate potential improvements before full platform deployment. This serves as a customer acquisition tool.
- Partner-based Deployment Services: Revenue shared with or paid to channel partners (Tecnatom, LMB) who certify their engineers and integrate ADEX technology into customer deployments in their respective markets.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | One-time | Room for Improvement Analysis - Free/discounted feasibility study |
| Subscription | Multi-year contract | Enterprise platform deployment |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
ADEX product offering
Product offeringCore offering
ADEX develops and commercializes a patented Self-tuning AI control platform based on Adaptive Predictive Expert Control technology. The software is deployed as an add-on to existing Distributed Control Systems (DCS) at thermal power plants and industrial facilities, replacing conventional PID controllers with multivariable, self-adaptive controllers that tune in real-time to changing process dynamics. Productized applications address drum level, steam temperature, combustion emissions, gas heating, crystallization, and wastewater treatment control challenges.
Differentiator
Problem solved
Functional benefit
Products and services
- ADEX Self-tuning AI Platform Patented multivariable self-tuning AI control platform that serves as a software add-on to existing Distributed Control Systems (DCS) at industrial facilities. It substitutes traditional PID controllers with adaptive predictive controllers that tune parameters in real-time to changing process dynamics.
- Productized Applications Pre-configured AI control solutions for specific industrial sectors including Thermal Power, Water treatment, Cement, Composite manufacturing, and Wind turbines. Each application addresses industry-specific control challenges.
- Plant Health Sensor Monitoring capability extension that works alongside the ADEX control platform to provide enhanced equipment health monitoring and predictive maintenance insights for industrial plants.
- Ad-Hoc Projects Custom engineering projects that apply ADEX technology to address specific industrial control challenges outside the standard productized applications.
- ADEX Inside OEM/embedded integration model where ADEX technology core capabilities are embedded in partners' systems or equipment, allowing external companies to leverage adaptive predictive features in their own products.
- Drum Level Optimizer
Quantifiable outcome
- €110M+ annual savings enabled for customers
- +6 more outcomes
Companies that use ADEX
Customer profileNamed customers10 records
Segments4 records
Ideal customer profiles5 records
ADEX technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature8 records
ADEX partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- EPRI (Electric Power Research Institute)coreEPRI chose ADEX as one of the companies to jointly develop a new application: an SCR Optimizer in CCGTs through Demo-to-Scale Projects. ADEX also joins EPRI's Climate READi initiative promoting Resilience and Adaptation of Generation Assets. EPRI is supported by 40+ utilities worldwide.
- IREN (Gruppo IREN)coreItalian Multi-Utility awarded ADEX as winner of their 2025 Startup Day: Call4AI from a shortlist of 8 finalists among 170 applicants. IREN will launch collaborations with selected startups through industrial, experimental, or commercial partnerships. Organized with Circular Economy Lab and Cariplo Factory.
- L&T-MHI Power Boilers (LMB)coreLMB, the joint venture between Indian Larsen & Toubro and Japanese Mitsubishi Heavy Industries, signed a Partnership Agreement to train and certify its engineers on ADEX technology. LMB integrates ADEX Self-tuning AI control in Indian coal-fired power plants to boost flexibility and performance under new CEA regulations. LMB specializes in design, engineering, manufacturing, and servicing of Supercritical Boilers and Pulverisers in India.
- TCS (Tata Consultancy Services)minorADEX VP of Global Sales participated as panelist in TCS Intelligent Power Plant (IP2) virtual round-table on digital transformation and energy transition. Event organized by TCS to bring together digital technology experts and energy sector stakeholders.
- EngiecoreFirst contract signed with Engie to deploy patented Self-tuning AI control technology in a Combined Cycle Power Plant in the Netherlands. Engie's generation plants increase performance and reduce thermal damage while operating under demanding market requirements with high renewable penetration.
- EPRI Climate READi Affinity GroupminorADEX joins EPRI's Climate READi initiative where energy experts address critical challenges around resilience and adaptation to the energy sector. Group includes individuals from academia, consulting, finance, NGOs, national labs, and government.
- Global Power Generation (GPG)coreMaster Services Agreement with GPG (joint venture between Naturgy Energy Group 75% and Kuwait Investment Authority 25%) covering power generation fleet in Mexico and Puerto Rico. Plants will increase flexibility and dispatchability while improving reliability and reducing emissions.
- EnelcoreJoint webinar with Enel featuring Head of Gas Operations Enrico Falesiedi sharing views on gas plant challenges and how ADEX solution improved the plant's thermal efficiency, flexibility, and emissions footprint. Enel is world's second-largest utility by market cap.
- TecnatomcoreTecnatom, a world reference engineering and technology solutions company, partnered to offer ADEX Self-tuning AI solutions to combined cycle gas turbine power plants in Latin America and Middle East. Tecnatom provides services and products with advanced technology for safe, efficient operation of power plants.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
ADEX competitors and assessment
Company assessmentBroad incumbents
- Mitsubishi Heavy Industries: Mitsubishi Heavy Industries is the parent of L&T-MHI Power Boilers, ADEX's Indian channel partner, and sells turbines, boilers, and plant control systems globally — a strategic customer and competitor in thermal power plant optimization.
- Rockwell Automation: Rockwell's PlantPAx DCS and FactoryTalk Analytics compete in industrial process control and optimization, with overlapping accounts in power generation and process industries that ADEX targets.
- Siemens: Siemens Energy and Digital Industries sell SIMATIC PCS 7 / PCS neo DCS plus optimization software to thermal power and process customers globally, and Siemens' MindSphere competes in the industrial AI adjacent space to ADEX's platform.
- Honeywell Process Solutions: Honeywell's Process Solutions division sells Experion DCS, APC, and digital twin control software to power, refining, and chemical customers — directly overlapping with ADEX's self-tuning AI control installed on top of DCS platforms at the same global utilities.
- Schneider Electric: Schneider's EcoStruxure platform and Foxboro DCS target power and industrial process customers with control, optimization, and energy management software, overlapping with ADEX's value proposition in flexible operation and emissions reduction.
- Emerson (AspenTech): Emerson owns Aspen Technology, the dominant advanced process control and optimization software vendor for power and process plants. It competes head-to-head with ADEX's adaptive predictive offering in plant flexibility and emissions optimization.
- ABB Ability: ABB Ability 800xA and its industrial AI offerings target power and process industries with control and optimization software, competing for the same CIO/plant manager budget at Enel, Iberdrola, and Naturgy that ADEX sells into.
Emerging players
- C3.ai: C3.ai applies AI to industrial process optimization, including energy and manufacturing use cases similar to ADEX's, and targets similar enterprise customers with predictive and prescriptive AI applications on top of DCS and historian data.
Direct peers
- Aspen Technology: AspenTech (now part of Emerson) is the closest pure-play advanced process control and optimization software vendor, providing APC, DMC, and digital twin software to power and process customers that compete with ADEX's self-tuning AI offering.
- Yokogawa Electric: Yokogawa sells CENTUM DCS and Exapilot/exasmart advanced control solutions to power and process plants, including flexibility and combustion optimization modules that overlap directly with ADEX's productized applications for thermal power.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
ADEX social profiles
Digital presenceADEX compliance and trust
Trust signalCompliance1 record
ADEX financial estimates
Financial estimateRevenue estimate
Valuation estimate
ADEX leadership team
Management profileNumber of profiles
Profiles5 records
ADEX funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ADEX 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 ADEX
What does ADEX do?
ADEX develops and commercializes a patented Self-tuning AI control platform based on Adaptive Predictive Expert Control technology. The software is deployed as an add-on to existing Distributed Control Systems (DCS) at thermal power plants and industrial facilities, replacing conventional PID controllers with multivariable, self-adaptive controllers that tune in real-time to changing process dynamics. Productized applications address drum level, steam temperature, combustion emissions, gas heating, crystallization, and wastewater treatment control challenges.
Is ADEX a public or private company?
ADEX is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was ADEX founded?
ADEX was founded in 2004. It employs 11 to 50 people.
Where is ADEX based?
ADEX is headquartered in Madrid, Spain, in the Europe region.
How does ADEX make money?
Three revenue lines are on record. Software License and Platform Deployment is the primary driver. The others are room for Improvement Analysis and partner-based Deployment Services.
Who are ADEX's main competitors?
Broad incumbents on record are Mitsubishi Heavy Industries, Rockwell Automation, Siemens, Honeywell Process Solutions, Schneider Electric, Emerson (AspenTech) and ABB Ability. C3.ai is listed as an emerging player. Direct peers are Aspen Technology and Yokogawa Electric.
Does ADEX have an API?
No public API is recorded for ADEX.
What industry is ADEX in?
ADEX's product category is Industrial Process Control Software. Its primary akta.pro industry code is IMAGABAK, Control System Integration & Engineering Services (Design, Commissioning, Retrofits), with a secondary code of IMAHAHAH, Industrial Controllers & Control Systems (PLCs, PACs, CNC Controllers). Its NAICS code is 334519 and its SIC code is 3823.