ENOGIA
ENOGIA is a Marseille-based industrial technology company, listed on Euronext Growth Paris, that designs and manufactures patented micro-turbomachinery and Organic Rankine Cycle (ORC) modules (10-180 kWe) to convert waste heat into electricity for industrial, maritime, geothermal, and energy-sector customers, alongside hydrogen fuel cell compressors and custom turbomachinery.
- Company typePublic
- Founded2009
- HeadquartersMarseille, France
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What ENOGIA does
ENOGIA is a French industrial-technology company founded in 2009 and headquartered in Marseille, listed on Euronext Growth Paris (ticker: ENOGIA / epa:ALENO). The company designs, manufactures, and sells plug-and-play Organic Rankine Cycle (ORC) modules that convert low- and medium-grade waste heat into electricity, leveraging patented micro-turbomachinery at sizes from 10 kWe to 180 kWe per unit, with containerized multi-module solutions exceeding 1 MWe. ENOGIA is among a small number of firms worldwide whose ORC systems operate from heat rejection temperatures as low as 70°C, and its proprietary micro-turbine architecture and lubrication system are designed for a 20-year service life with minimal maintenance.
The company also produces rotating machinery — notably air compressors for hydrogen fuel cells (developed under the SMAC-FC project as part of the France 2030 program), cryogenic pumps, and high-performance electropumps for space propulsion — for clients in aerospace, clean energy, hydrogen mobility, carbon capture, and energy storage. Its product portfolio is sold under the ENOGIA brand, with the Greenshield line targeting industrial customers with available waste heat. Manufacturing is conducted in France with local partners.
ENOGIA generates revenue primarily through project-based hardware sales of ORC modules and custom turbomachinery directly to industrial enterprises, maritime operators, and energy companies, with distribution agreements in Asia and Europe. Documented customers include Airbus (RoRo vessels via Deltamarin and LDA), Perenco (UK cogeneration plant), Ponant (cruise ship), Veolia (Sheffield waste incinerator), TOTAL (Marseille), and the operator of Europe's largest biogas plant. Revenue streams are lumpy and project-driven, with reported payback periods of 2.5-3 years at end-user sites. An asset-ownership joint venture with ADEME Investissement (ENOGIA Assets Industry, 2022) adds a complementary recurring-revenue channel. The company had approximately 60 employees and reached positive EBITDA in H2 2023 for the first time since its 2021 IPO, supported by a €4.6 million capital increase in 2023 and a €2.04 million convertible bond from Vatel Capital in December 2025.
ENOGIA firmographics
Firmographics- Name
- ENOGIA
- Legal name
- Société Enogia SA
- Website
- https://enogia.com
- Company type
- Public
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- ENOGIA is a Marseille-based industrial technology company, listed on Euronext Growth Paris, that designs and manufactures patented micro-turbomachinery and Organic Rankine Cycle (ORC) modules (10-180 kWe) to convert waste heat into electricity for industrial, maritime, geothermal, and energy-sector customers, alongside hydrogen fuel cell compressors and custom turbomachinery.
- Ownership category
- akta.pro rank
ENOGIA industry classification
Industry- Product category
- Organic Rankine Cycle Systems and Micro-Turbomachinery
- NAICS
- Turbine and Turbine Generator Set Units Manufacturing (333611), Engine, Turbine, and Power Transmission Equipment Manufacturing (3336)
- SIC
- Engines & Turbines (3510), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Waste Heat Recovery & Heat Integration (HRSG/ORC, Pinch Analysis, Heat Exchangers) (EUABAJAF)
- akta.pro secondary industries
- Heat Recovery & Thermal Integration for Biomass Plants (Economizers, ORC, Heat Exchangers) (EUAAAGAL), Combined Cycle & Cogeneration (CHP) EPC (EUAEAAAB), Power Plant Retrofit, Life Extension & Environmental Controls EPC (FGD/SCR/ESP) (EUAEAAAO)
Keywords
Where ENOGIA is headquartered
LocationHeadquarters
- HQ city
- Marseille
- HQ country
- France
- HQ region
- Europe
Offices2 records
Markets served
ENOGIA business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Technology or R&D, Supply Chain, Marketing or Sales
Revenue model
- ORC Module Sales: ENOGIA designs, manufactures, and sells Organic Rankine Cycle (ORC) modules ranging from 10 to 180 kWe for converting waste heat into electricity. Modules are sold directly to industrial clients, maritime operators, and energy companies for custom installations.
- Custom Turbomachinery: ENOGIA provides bespoke turbomachinery solutions including turbines, compressors, and pumps for specific client needs across diverse applications (space, clean energy, green gas, cryogenics, health, hydrogen mobility, energy storage, carbon capture).
- Greenshield Product: ENOGIA offers Greenshield, a product for industrial clients with available waste heat, enabling them to produce green electricity and generate immediate revenue while contributing to climate change mitigation.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | 10 kWe ORC Module |
| Unit Pricing | Multi-year contract | 20 kWe ORC Module |
| Unit Pricing | Multi-year contract | 40 kWe ORC Module |
| Unit Pricing | Multi-year contract | 100 kWe ORC Module |
| Unit Pricing | Multi-year contract | 180 kWe ORC Module |
| Unit Pricing | Multi-year contract | >1 MWe Container Solutions |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
ENOGIA product offering
Product offeringCore offering
ENOGIA designs, manufactures, and sells plug-and-play Organic Rankine Cycle (ORC) modules ranging from 10 kWe to 180 kWe that convert industrial waste heat into electricity, along with containerized ORC systems exceeding 1 MWe and bespoke rotating machinery including hydrogen fuel cell air compressors, cryogenic turbomachinery, and space propulsion pumps. The company also offers the Greenshield product line targeting industrial customers with available waste heat who want to generate green electricity on-site.
Product overview
ENOGIA is a French industrial technology company specializing in micro-turbomachinery for heat-to-electricity conversion and clean mobility applications. The core product portfolio consists of Organic Rankine Cycle (ORC) modules ranging from 10 kWe to 180 kWe individual units, with containerized solutions exceeding 1 MWe for larger deployments, all featuring patented micro-turbine technology. The company also produces hydrogen fuel cell air compressors as part of its clean mobility offerings, along with specialized turbomachinery for cryogenic, space, medical, and industrial gas applications. The Greenshield product line targets industrial customers seeking to monetize waste heat recovery.
Differentiator
Problem solved
Functional benefit
Brands
- Greenshield: A product offering for industrial clients to produce green electricity and benefit from immediate revenues while contributing to climate change mitigation. Targeted at companies with available waste heat operating several thousand hours per year.
Products and services
- ORC Modules (Organic Rankine Cycle) Modular Organic Rankine Cycle systems converting waste heat into electricity, available from 10 kWe to 180 kWe per unit, using patented micro-turbomachinery. Designed for industrial, maritime, geothermal, and energy clients with plug-and-play installation requiring only two pipe connections and one power cable.
- Containerized ORC Systems (>1 MWe) Multi-module containerized ORC installations exceeding 1 megawatt electrical capacity, designed for major industrial sites and power generation facilities.
- Greenshield ORC-based offering targeting industrial customers with available waste heat to produce green electricity and generate immediate revenue while contributing to climate change mitigation.
- Hydrogen Fuel Cell Air Compressors Custom-developed air compressors specifically designed for hydrogen fuel cell applications in mobility and transportation sectors, supporting clean mobility infrastructure and the hydrogen economy.
- Micro-Turbomachinery (Custom Turbines and Compressors) Miniaturized turbine and compressor systems including patented micro-turbines for exceptional performance and reliability with ultra-compact form factor enabling easy installation. Custom compressors are also developed for fuel cell integrators.
- Cryogenic Turbomachinery Custom cryogenic turbomachinery solutions including cryogenic pump circulation systems for cryogenic containers, designed for every project specification.
- Space Propulsion Systems High-performance cryogenic electropumps powering rocket engines, representing cutting-edge miniaturization technology for space propulsion applications.
Quantifiable outcome
- Up to 168 tonnes annual fuel savings per RoRo vessel (180 kWe ORC)
- +6 more outcomes
Companies that use ENOGIA
Customer profileNamed customers7 records
Segments6 records
Ideal customer profiles4 records
ENOGIA technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
ENOGIA partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and moderate.
- ENOGIA Assets Industry (Joint Venture with ADEME Investissement)coreJoint venture created in 2022 with ADEME Investissement to develop and manage ORC assets in the industrial and energy sectors.
- IFP Energies NouvellescoreENOGIA's historic partner for technology development. IFP Energies Nouvelles is a French public research organization specializing in energy and transport sectors, contributing to ENOGIA's R&D from company founding.
- FaureciacoreENOGIA's historic industrial partner. Faurecia is a major French automotive equipment manufacturer contributing to the company's ecosystem alongside clients and other partners.
- Eiffel Gaz VertcorePartnership agreement with Eiffel Gaz Vert fund for development in the green gas/biogas sector, announced in 2021.
- PARLYMmoderateCooperation agreement signed in 2022 between ENOGIA and PARLYM to accelerate decarbonation of French and African industries.
- STX EnginemoderateENOGIA was selected by STX Engine in 2023 as a partner for their CO2 sequestration project, demonstrating technology capabilities in carbon capture applications.
- DeltamarinmoderatePartner in the Airbus RoRo ship project (LDA) where ENOGIA provides ORC systems for waste heat recovery on new vessel constructions.
- LDA (Louis Dreyfus Armateurs)moderatePartner in Airbus RoRo vessel construction project, with ENOGIA providing integrated ORC systems for each ship.
Scale indicators10 records
Recent moves8 records
Expansion highlights6 records
ENOGIA competitors and assessment
Company assessmentBroad incumbents
- Ormat Technologies: Large US-listed developer and manufacturer of ORC geothermal power plants and recovered energy systems. Comparable in ORC technology core but operates at vastly greater scale across utilities; overlaps directly with ENOGIA's geothermal and waste-heat-to-power offering.
- Capstone Green Energy: US-based manufacturer of microturbines for distributed power generation, including waste-heat-to-power and combined heat & power. Comparable product architecture (small turbomachinery) and adjacent customer use cases.
- Wärtsilä: Global marine engine and energy systems major; already a counterparty in ENOGIA's Perenco cogeneration retrofit and dominant supplier to maritime customers pursuing CII compliance via waste heat recovery.
- MAN Energy Solutions: Large German turbomachinery and power plant EPC company with combined-cycle, ORC and waste-heat solutions. Competitor in industrial heat-to-power projects and a potential integrator of ENOGIA turbines at scale.
- Siemens Energy: Global energy technology OEM offering turbines, generators and heat-recovery solutions across utility and industrial segments. Competes with ENOGIA on large industrial decarbonization projects.
- Kawasaki Heavy Industries: Japanese turbomachinery and hydrogen infrastructure conglomerate with ORC/recovered-energy offerings; comparable in turbomachinery engineering depth and global project reach.
- ABB: Industrial electrification and automation major with energy recovery, drives and motors serving similar industrial customers. Comparable end-customer base in process industries seeking energy efficiency.
Direct peers
- Exergy: Italy-based ORC turbogenerator specialist serving industrial waste-heat recovery, biomass, geothermal and solar thermal markets. Closest direct head-to-head competitor to ENOGIA's small-to-medium scale ORC modules.
- Ener-T International: Specialist in Organic Rankine Cycle systems for waste heat recovery across industrial and geothermal applications, with similar focus on smaller-scale distributed generation to ENOGIA.
- ElectraTherm: US-based low-temperature Organic Rankine Cycle specialist focused on small-scale waste-heat-to-power. Closest direct small-scale ORC peer and competes head-to-head in the same low-temperature segment.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
ENOGIA social profiles
Digital presenceENOGIA financial estimates
Financial estimateRevenue estimate
Valuation estimate
ENOGIA leadership team
Management profileNumber of profiles
Profiles12 records
ENOGIA subsidiaries and ownership
Company hierarchySubsidiaries1 record
ENOGIA funding detail
Funding detailFunding overview
Funding rounds1 record
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ENOGIA 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 ENOGIA
What does ENOGIA do?
ENOGIA designs, manufactures, and sells plug-and-play Organic Rankine Cycle (ORC) modules ranging from 10 kWe to 180 kWe that convert industrial waste heat into electricity, along with containerized ORC systems exceeding 1 MWe and bespoke rotating machinery including hydrogen fuel cell air compressors, cryogenic turbomachinery, and space propulsion pumps. The company also offers the Greenshield product line targeting industrial customers with available waste heat who want to generate green electricity on-site.
Is ENOGIA a public or private company?
ENOGIA is a public company. It is classified as public and is currently operating.
When was ENOGIA founded?
ENOGIA was founded in 2009. It employs 11 to 50 people.
Where is ENOGIA based?
ENOGIA is headquartered in Marseille, France, in the Europe region.
How does ENOGIA make money?
Three revenue lines are on record. ORC Module Sales are the primary driver. The others are custom Turbomachinery and greenshield Product.
Who are ENOGIA's main competitors?
Broad incumbents on record are Ormat Technologies, Capstone Green Energy, Wärtsilä, MAN Energy Solutions, Siemens Energy, Kawasaki Heavy Industries and ABB. Direct peers are Exergy, Ener-T International and ElectraTherm.
Does ENOGIA have an API?
No public API is recorded for ENOGIA.
What industry is ENOGIA in?
ENOGIA's product category is Organic Rankine Cycle Systems and Micro-Turbomachinery. Its primary akta.pro industry code is EUABAJAF, Waste Heat Recovery & Heat Integration (HRSG/ORC, Pinch Analysis, Heat Exchangers), with a secondary code of EUAAAGAL, Heat Recovery & Thermal Integration for Biomass Plants (Economizers, ORC, Heat Exchangers). Its NAICS code is 333611 and its SIC code is 3510.