Aggreko

What Aggreko does

Aggreko designs, deploys, and operates engineered energy and temperature control solutions for industrial, commercial, and event customers worldwide. Founded in 1962 in Glasgow, Scotland, the company combines gas and Tier 4 Final diesel generators, battery energy storage systems (BESS), solar PV, and temperature control assets into modular microgrid and behind-the-meter hybrid systems. These integrated solutions target customers whose electricity needs cannot be met by the local grid — including remote mining operations (e.g., Harmony Gold's Eva Copper Mine), AI and HPC data centers, oil and gas facilities, manufacturers, construction sites, and large-scale events such as Formula 1. The Greener Upgrades range (solar PV hybrid systems with BESS and HVO-fuelled Stage V generators) extends the platform into lower-carbon temporary and permanent power, with hybrid systems delivering 40-60% diesel reduction and levelized costs of USD 0.18-0.35/kWh versus USD 0.35-0.70/kWh for diesel-only generation.

The company operates a fleet-based, asset-heavy business model that monetizes power through three primary streams: usage-based generator rental, long-term subscription-style Power Purchase Agreements (PPAs, e.g., 15 years at Eva Copper), and Microgrid-as-a-Service contracts, complemented by temperature control and oil-free air solutions. Aggreko sells and deploys directly through enterprise field sales, government engagement (Maharashtra, Amazonas state), and high-visibility event partnerships (a 7-year Formula 1 contract). Following five acquisitions between 2024 and 2026 — RenEnergy Group, Resalta, Infiniti Energy, Krill Generadores, and Mobil in Time — the platform now spans solar distributed generation, energy efficiency, generator rental in Iberia, and HVAC, with a new ₹400 crore global engineering and manufacturing centre under development in Pune, India. Currently owned by TDR Capital and I Squared Capital and preparing a US IPO at a potential $12-15 billion valuation, Aggreko operates across North America, Europe, the Middle East, Africa, Australia, Latin America, and South Asia with 5,001-10,000 employees.

Name

Aggreko

Legal name

Aggreko

Website

http://www.plc.aggreko.com/

Company type

Private

Founded year

1962

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Aggreko is a global provider of modular power generation, hybrid microgrids, and temperature control solutions, serving mining, data centers, oil and gas, manufacturing, events, and government customers across more than nine country markets.

Ownership category

akta.pro rank

Product category

Power Equipment Rental and Temporary Energy Solutions

NAICS

Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211), Fossil Fuel Electric Power Generation (221112), Solar Electric Power Generation (221114), Turbine and Turbine Generator Set Units Manufacturing (333611)

SIC

Motors & Generators (3621), Engines & Turbines (3510), Cogeneration Services & Small Power Producers (4991), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Hybrid Microgrids (Solar+Storage+Gen, Multi-Resource) (EUACALAH)

akta.pro secondary industries

Microgrid EPC, Integration & Commissioning (Design-Build, Interconnection) (EUAFAJAI), Microgrid Development, EPC & Integration (EUAMAJAB), Remote/Off-Grid & Islanded Microgrids (Rural, Islands, Mining Camps) (EUACALAE), Captive & Embedded Gas-Fired Power Generation (Industrial/Commercial CHP) (EUALALAB)

Keywords

• Temporary power generation
• Modular microgrid solutions
• Temperature control systems
• Power equipment rental
• Hybrid energy solutions

Headquarters

HQ city

Glasgow

HQ country

United Kingdom

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Power Generator Rental: Rental of mobile and modular power generators for temporary and permanent applications across construction, events, mining, oil and gas, and industrial sectors. Revenue generated through equipment rental agreements with varying durations.
2. Power Purchase Agreements (PPAs): Long-term power purchase agreements for hybrid energy facilities, such as the 15-year PPA with Harmony Gold for the Eva Copper Mine hybrid power project. Revenue generated through energy delivery contracts.
3. Microgrid-as-a-Service (MaaS): Service model providing modular microgrid solutions enabling customers to access hybrid power systems without capital investment, growing market segment with projected expansion to $9.25 billion by 2033
4. Modular Energy Solutions: Sale and deployment of modular microgrid systems combining gas generators, battery storage, and solar PV for industrial applications in data centers, oil and gas, and mining
5. Acquisition Integration: Revenue growth through strategic acquisitions including Resalta (energy efficiency solutions), Infiniti Energy (solar distributed generation), Krill Generadores (Iberia generator rental), and RenEnergy Group, expanding market presence and service capabilities

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Aggreko designs, deploys, and operates engineered modular power generation and temperature control solutions for industrial, commercial, and event customers worldwide. Its core rental fleet spans diesel and gas generators, hybrid microgrids combining solar PV, battery energy storage, and thermal generation, plus temporary cooling, heating, and oil-free air systems. The company increasingly wraps these assets in long-term Power Purchase Agreements and Microgrid-as-a-Service contracts for mining, data centers, manufacturing, and utility-scale customers.

Product overview

Aggreko is a global leader in engineered energy and temperature solutions, operating as a unified platform of interconnected power and climate control offerings. The core portfolio centers on modular microgrid solutions and power rental systems (generators for temporary and permanent applications), complemented by temperature control solutions and oil-free air systems. The company differentiates through its Greener Upgrades module (solar PV hybrid systems with battery storage and HVO-fuelled generators) and liquid-cooled load banks for data center commissioning. Key products work together to deliver continuous power without pause and temperature control without end, where customers need it, for as long as they need it. Recent expansions include large-scale off-grid hybrid power plants for mining operations (combining solar, battery storage, and thermal generation) and modular microgrid solutions targeting data centers and industrial facilities facing grid constraints.

Differentiator

Problem solved

Functional benefit

Brands

• Greener Upgrades: Low-carbon power solutions range featuring solar PV hybrid systems with battery energy storage and HVO-fuelled Stage V generators

Products and services

• Modular Microgrid Solutions Engineered modular microgrid systems combining gas generators, battery energy storage, and Tier 4 Final diesel generators, delivered to data centers, oil and gas, mining, and industrial operations facing utility grid constraints.
• Off-Grid Hybrid Power Plants Integrated power plants combining solar PV, battery storage, and thermal generation for remote mining and industrial customers requiring continuous, lower-carbon energy under long-term PPAs.
• Power Rental Systems Temporary and permanent rental of diesel and gas generators providing reliable electricity for construction, events, mining, utilities, telecommunications, and disaster recovery applications.
• Temperature Control Solutions Rental heating and cooling systems providing temperature regulation without pause for demanding industrial, commercial, and event environments.
• Greener Upgrades Low-carbon power solutions combining solar PV hybrid systems, battery energy storage, and HVO-fuelled Stage V generators, designed to reduce carbon emissions versus conventional diesel-only systems.
• Liquid-Cooled Load Banks High-capacity liquid-cooled load banks used for commissioning and load testing of high-density AI and HPC data center facilities.
• Off-Grid Renewable Hybrid Mining Power Systems Scalable hybrid power systems for remote mining operations combining solar, battery storage, and thermal backup to deliver resilient, cost-effective, lower-emission energy.
• Oil-Free Air Solutions Oil-free compressed air systems for industrial applications that require clean, contamination-free air.

Quantifiable outcome

• Reduce diesel consumption by 40-60%
• +4 more outcomes

Named customers9 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Eight partnerships are on record, tiered core, flagship and minor.

• InoWatticoreStrategic or Co-development Partner · 20 May 2026Partnership at Oman Petroleum & Energy Show 2026 to collaborate on converting flared and stranded gas into power for high-density computing and industrial uses. Aggreko provides power generation solutions while InoWatti handles commercial development, site identification, and mobile computing infrastructure integration. Supports Oman Vision 2040's emissions reduction objectives.
• Harmony GoldflagshipStrategic or Co-development Partner · 10 April 202615-year Power Purchase Agreement to develop Australia's largest off-grid hybrid power project at the Eva Copper Mine in Queensland. Facility combines 118 MWp solar, 250 MWh battery storage, and 104 MVA thermal generation for reliable, lower-carbon energy. Power generation scheduled to begin by mid-2028.
• Bimergen EnergyminorStrategic or Co-development Partner · 3 March 2026Bimergen Energy acquired 79.2 MW of late-stage distributed generation battery energy storage projects from Aggreko's IPP Solutions business in ERCOT South, Texas. Projects financed through Bimergen's joint venture with RelyEZ, utilizing RelyEZ's lithium-based utility-scale batteries.
• HuaweicoreTechnology or Integration · 2 March 2026China's Huawei supplying batteries to Aggreko for a renewable energy project in Brazil's Amazonas state. The project, costing approximately 850 million reais ($165.55 million), will become Brazil's largest-ever energy storage system. First plants expected online between 2027 and 2028, replacing thermal plants with solar-powered microgrids for 24 locations.
• Krill GeneradorescoreStrategic or Co-development Partner · 1 December 2025Acquisition of Krill Generadores, a generator rental company, enhancing Aggreko's market position in Iberia and emphasizing sustainable energy solutions. DLA Piper advised Aggreko Limited on this acquisition.
• ResaltacoreStrategic or Co-development Partner · 24 July 2024Completion of Resalta acquisition, integrating it into Aggreko's global energy transition operations. Resalta, a Slovenian energy solutions provider operating in Slovenia and Serbia, specializes in energy efficiency and renewable solutions including solar, biomass, and gas production.
• Infiniti EnergycoreStrategic or Co-development Partner · 8 July 2024Acquisition of Infiniti Energy expanding Aggreko's leadership in Solar Distributed Generation, strengthening capabilities in solar energy solutions for customers.
• Paul Nascimento (Managing Director, Canada)coreOthersAppointment of Paul Nascimento as Managing Director for Canada to strengthen growth and operational efficiency in the Canadian market, expanding solutions for data centers, mining, utilities, manufacturing, and oil and gas industries.

Scale indicators8 records

Recent moves9 records

Expansion highlights7 records

Broad incumbents

• Atlas Copco: Specialty rental provider with substantial power generator rental operations alongside compressors and industrial tools. Competes directly with Aggreko in temporary power and is also expanding into hybrid/electric solutions for industrial customers.
• Schneider Electric: Global energy management and automation company offering microgrid solutions, power conversion, and energy storage through its EcoStruxure platform. Overlaps with Aggreko's microgrid EPC and integration business for industrial and data center clients.
• Caterpillar: Global manufacturer of diesel and gas generators and a major incumbent in power generation rental via its Cat Rental Power network. Directly comparable to Aggreko's generator rental and modular power offerings, with broader construction equipment scale.
• Siemens Energy: Major energy technology incumbent covering gas turbines, grid technologies, and decentralized energy solutions including hybrid microgrids. Comparable to Aggreko's industrial power generation and microgrid offerings with broader utility-scale reach.
• ABB: Global electrification, automation, and microgrid solutions provider with strong industrial customer overlap. Comparable to Aggreko in power distribution, microgrid controls, and grid-edge solutions for industrial sites.
• Cummins: Leading manufacturer of diesel and natural gas generator sets, power generation systems, and microgrid components. Comparable to Aggreko as a major power equipment provider with growing microgrid and hybrid energy solutions.

Direct peers

• Enchanted Rock: Natural gas-powered microgrid provider focused on resiliency for commercial, industrial, and data center customers. Closely comparable to Aggreko's modular microgrid-as-a-service model and behind-the-meter hybrid offerings.
• Generac: Leading manufacturer of backup power generators and increasingly active in commercial and industrial microgrids and energy storage. Closely comparable to Aggreko's power generation and emerging microgrid business for industrial customers.

Emerging players

• Bloom Energy: Solid oxide fuel cell provider partnering with data center operators to deploy behind-the-meter fuel cell microgrids. Direct competitor to Aggreko in supplying on-site, dispatchable, lower-carbon power to AI data centers and industrial customers.
• Vertiv: Critical digital infrastructure provider offering power, thermal, and IT management solutions for data centers. Adjacent competitor to Aggreko in AI/HPC data center commissioning power (load banks) and infrastructure support.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/AggrekoWorldwide
• Facebookfacebook.com/aggrekoglobal
• LinkedInlinkedin.com/company/aggreko
• Instagraminstagram.com/aggreko_intl
• Xx.com/Aggreko_Intl

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

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

M&A16 records

Investments2 records

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

Frequently asked questions about Aggreko