Anax Power
Anax Power designs and deploys 500kW turboexpander systems that convert wasted natural gas pipeline pressure into zero-emission electricity, selling equipment and operating build-own-operate projects primarily for co-located data centers and natural gas pipeline operators across North America and Europe.
- Company typePrivate
- Founded2017
- HeadquartersSanta Monica, United States
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Anax Power does
Anax Power is a US-based clean energy technology company that develops and deploys turboexpander systems to convert wasted pressure energy at natural gas pipeline regulating stations into zero-emission electricity, without combustion. The company's flagship product, the 500 kW Anax Turboexpander (ATE-500), uses a patented two-stage expansion process with active magnetic bearings (developed in partnership with Synchrony, Inc., now part of Johnson Controls) and a fully integrated skid-mounted design to capture energy that would otherwise be dissipated during pressure letdown operations. The technology qualifies for 26-30% Federal Investment Tax Credits and Tier II Alternative Energy Credits, and targets commercial deployments at natural gas regulating stations operated by midstream and distribution companies.
The company's business model is multi-pronged: direct equipment sales of ATE-500 units, a Build-Own-Operate (BOO) model where Anax finances and operates systems at customer sites and monetizes the power through behind-the-meter applications (primarily co-located modular data centers for AI/HPC and cryptocurrency mining, with waste heat recycled to the natural gas stream), Renewable Energy Credit sales, government incentive capture, and recurring lifetime maintenance contracts. The first commercial ATE-500 was commissioned in March 2025 at Pin Oak Energy Partners' Johnsonburg Regulating Station in Pennsylvania. The company has secured anchor relationships with Magellan Scientific ($12M multi-year exclusive partnership), Enbridge (first major North American pipeline customer, with up to 3.5MW committed and potential for hundreds of sites), ATCO Gas (1MW Calgary pilot), and Sapphire Technologies (integrated data center power/cooling systems). Operations are headquartered in Wharton, New Jersey, with an international subsidiary (Anax Power International B.V.) in Amsterdam serving EMEA markets.
Anax Power was founded in 2015-2017, remains privately held with 1-10 employees, and has raised over $10M cumulatively across a $3.5M equity round (October 2020) and approximately $8.67M in non-dilutive government grants (ERA $2.4M, iMii $500K, RISE PA $5.77M). The team combines turbomachinery engineering expertise (Dr. Maksym Burlaka, Dr. Leonid Moroz of SoftInWay) with energy industry commercial leadership (CEO Michael Longo, Director of Energy John O'Rourke, former CEO of Lime Energy). The company's value proposition centers on the timing arbitrage between 24/7 baseload clean power generation and growing data center power demand, with claimed 99.982% reliability (Uptime Institute Tier III equivalent), zero water consumption, and sub-12-month deployment versus 3-5+ year utility interconnection timelines.
Anax Power firmographics
Firmographics- Name
- Anax Power
- Legal name
- Anax Power
- Website
- https://anaxpower.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Anax Power designs and deploys 500kW turboexpander systems that convert wasted natural gas pipeline pressure into zero-emission electricity, selling equipment and operating build-own-operate projects primarily for co-located data centers and natural gas pipeline operators across North America and Europe.
- Ownership category
- akta.pro rank
Anax Power industry classification
Industry- Product category
- Clean Energy Generation Equipment (Natural Gas Turboexpander Power Systems)
- NAICS
- Turbine and Turbine Generator Set Units Manufacturing (333611), Engine, Turbine, and Power Transmission Equipment Manufacturing (3336), Mechanical Power Transmission Equipment Manufacturing (333613)
- SIC
- Engines & Turbines (3510), Motors & Generators (3621), Industrial Instruments For Measurement, Display, And Control (3823)
- akta.pro primary industry
- Industrial Power & Energy Electronics Manufacturing Services (UPS, converters, inverters, chargers) (IMAGAGAI)
- akta.pro secondary industry
- Thermal Management & Safety Systems (cooling, fire detection/suppression, venting) (IMAGAHAI)
Keywords
Where Anax Power is headquartered
LocationHeadquarters
- HQ city
- Santa Monica
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Anax Power business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Equipment Sales (ATE-500): Sale of 500kW Anax Turboexpander units to pipeline operators and industrial customers. Multiple units can be installed at a single regulating station to increase capacity.
- Project Development and Ownership: Build, own, and operate model where Anax finances, builds, and operates the turboexpander systems. Revenue generated from power sales to co-located data centers and grid exports.
- Renewable Energy Credits (RECs): Sale of Tier II Alternative Energy Credits earned from generating clean power. Qualifies for RECs or carbon offsets in many US states and Canadian provinces.
- Government Incentives and Grants: Federal Investment Tax Credit (30% ITC), state-level grants, and provincial funding programs. Anax has received grants from RISE PA ($5.77M), Emissions Reduction Alberta ($2.4M), and iMii Alternative Energy Challenge ($500k).
- Lifetime Maintenance Contracts: Ongoing maintenance services with no customer oversight required. Part of the value proposition includes full service contracts.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | 500kW ATE Unit - Single unit capacity for standard pipeline installations |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels7 records
Anax Power product offering
Product offeringCore offering
Anax Power designs, manufactures, and operates the 500kW Anax Turboexpander (ATE-500), a proprietary clean energy system that converts wasted pressure energy at natural gas pipeline pressure regulating stations into electricity without combustion. The company sells the ATE-500 hardware, offers build-own-operate project services, and integrates the turboexpanders with co-located modular data centers and other applications (hydrogen electrolyzers, resistive heaters, grid export) to deliver 24/7 baseload emissions-free power.
Product overview
Anax Power offers the Anax Turboexpander (ATE) product line, centered on the 500 kW ATE-500 that converts wasted natural gas pipeline pressure into emissions-free electricity without combustion. The product line includes modular expansions (multiple 500kW units combined for higher capacity), application-specific variants (ATE-Electrolyzer for hydrogen production, ATE-Resistive Heater for emissions offset, and ATE-Power Grid for grid export), and integrated solutions combining ATEs with modular data centers and heat exchange systems. The ATE-500 uses proprietary active magnetic bearings and two-stage expansion technology, with the next generation incorporating Synchrony high-speed permanent magnet generators. Anax builds, owns, and operates the systems at pipeline pressure regulating stations, monetizing the clean power through high-value applications including distributed data centers for AI/HPC and cryptocurrency mining.
Differentiator
Problem solved
Functional benefit
Products and services
- 500 kW Anax Turboexpander (ATE-500) Flagship 500kW turboexpander that harnesses wasted pressure energy at natural gas pipeline regulating stations to generate clean electricity without combustion. Uses active magnetic bearings and a two-stage expansion process designed specifically for natural gas pipeline operating conditions. Sold to pipeline operators and industrial customers with multiple units combinable for higher capacity.
- Anax Turboexpander Data Center Solutions Integrated solution combining ATE-500 turboexpander power generation with co-located modular data centers for distributed computing. Provides emissions-free baseload power and zero-water cooling with 99.982% reliability, recycling waste heat from computing back to the natural gas stream. Targets AI/ML workloads, cryptocurrency mining, edge computing, and HPC deployments.
- ATE-Electrolyzer Application Application variant that uses ATE-generated power to produce hydrogen through electrolysis for pipeline blending. Offers >90% capacity factor with distributed production eliminating hydrogen storage and transportation costs.
- ATE-Resistive Heater Application Application variant using ATE's electrical output in resistive heaters to offset scope 1 and 2 emissions at pressure regulating stations, replacing inefficient natural gas-fired line heaters.
- ATE-Power Grid Application Application variant that feeds ATE-generated power through a transformer to the electricity grid for export. Offers a simple execution path but is less preferred due to regulatory and economic obstacles.
- Anax Turboexpander Sustainability Solutions Comprehensive sustainability package offering CO2 avoidance tracking, government incentive qualification support, and Renewable Energy Credit (REC) generation services for pipeline operators deploying ATE systems.
Quantifiable outcome
- Up to 6 MWh of electricity per day per 500kW unit
- +6 more outcomes
Companies that use Anax Power
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles3 records
Anax Power technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Anax Power partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Sapphire TechnologiescoreStrategic partnership to deploy integrated power and cooling system for distributed data centers. Sapphire supplies its FreeSpin In-line Turboexpander to capture waste energy from pressure reduction processes. Anax constructs and operates co-located facilities along pipeline stations. First facility expected later in 2026 with up to 3MW electricity and 35M BTU cooling.
- Synchrony, Inc.coreSynchrony (acquired by Johnson Controls) supplies high-speed permanent magnet generators and active magnetic bearings for Anax's next generation turboexpander systems. Virginia-based company is global leader in active magnetic bearings technology.
- EnbridgecoreOperating agreements signed to install ATEs at Enbridge facilities in Pennsylvania (up to 2MW) and Ontario, Canada (up to 1.5MW). Enbridge becomes first major pipeline in North America to adopt ATE technology. Partnership could scale to hundreds of locations across Enbridge's system.
- ATCO GasminorLetter of intent to install 1MW ATE at South Glenmore Park Gate Station outside Calgary as part of one-year pilot study. First commercial installation in Canada, funded in part by Emissions Reduction Alberta.
- Magellan Scientificcore$12mm multi-year exclusive partnership to power distributed data centers using 500kW ATE for cryptocurrency mining applications. Magellan operates 100MW of power capacity for US Bitcoin mining. Partnership combines turboexpander power with off-grid immersion data centers.
- Pin Oak Energy Partners / Pin Oak MidstreamcorePipeline operator partner for first ATE-500 installation at Johnsonburg Regulating Station in Pennsylvania. Pin Oak provided pipeline expertise for installation and integration with existing infrastructure.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
Anax Power competitors and assessment
Company assessmentBroad incumbents
- Elliott Group (Ebara): Elliott Group manufactures turbomachinery including steam turbines, gas turbines, and turboexpanders for oil & gas, petrochemical, and industrial applications. Established turboexpander manufacturer with global service network overlapping Anax's target market.
- Mafi-Trench (part of Solar Turbines/Caterpillar): Mafi-Trench manufactures turboexpanders and turbine generator sets specifically for natural gas pipeline pressure reduction and air separation. Direct technical overlap with Anax's ATE-500 application, though serving larger scale and LNG/cryogenic markets.
- Cryostar (Air Liquide): Cryostar designs and manufactures turboexpanders for the LNG, industrial gas, and petrochemical industries. Subsidiary of Air Liquide, providing turbomachinery for cryogenic and high-pressure gas expansion applications similar to Anax's core technology.
- Energy Recovery Inc. (ERII): Energy Recovery designs and manufactures energy recovery devices (ERDs) and pressure exchangers for industrial fluid processes. A publicly traded clean energy technology company recovering wasted pressure energy across water, oil & gas, and chemical applications.
- Atlas Copco Gas Compressors: Atlas Copco manufactures gas compression and power equipment including turboexpanders for natural gas processing. Major industrial incumbent with broad product portfolio including turbomachinery that intersects with Anax's market.
Direct peers
- Concepts NREC: Concepts NREC designs and manufactures custom turbomachinery including turboexpanders and provides turbomachinery design software. Closely comparable to Anax in engineering-led turboexpander development for energy recovery applications.
- Sapphire Technologies: Sapphire Technologies manufactures FreeSpin In-line Turboexpanders that recover energy from natural gas pressure reduction processes for power generation. Direct competitor and 2026 strategic partner to Anax on integrated data center facilities.
- FlexEnergy Solutions: FlexEnergy Solutions produces large-format turboexpanders (250kW to 1MW+) for natural gas pressure letdown and waste energy recovery. Direct competitor targeting similar regulating station applications as Anax.
- Calnetix Technologies: Calnetix Technologies specializes in high-speed permanent magnet generators, active magnetic bearings, and turboexpander-based energy recovery systems for oil & gas and waste heat applications. Closest technical analog to Anax's ATE architecture.
Regional players
- Reutech (now part of enerGcore): Reutech designs and manufactures power and energy management systems including micro turbine generators and turboexpanders. Comparable technology targeting energy recovery from pressure reduction but primarily serving African and select international markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Anax Power social profiles
Digital presenceAnax Power compliance and trust
Trust signalCompliance3 records
Anax Power financial estimates
Financial estimateRevenue estimate
Valuation estimate
Anax Power leadership team
Management profileNumber of profiles
Profiles9 records
Anax Power funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Anax Power 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 Anax Power
What does Anax Power do?
Anax Power designs, manufactures, and operates the 500kW Anax Turboexpander (ATE-500), a proprietary clean energy system that converts wasted pressure energy at natural gas pipeline pressure regulating stations into electricity without combustion. The company sells the ATE-500 hardware, offers build-own-operate project services, and integrates the turboexpanders with co-located modular data centers and other applications (hydrogen electrolyzers, resistive heaters, grid export) to deliver 24/7 baseload emissions-free power.
Is Anax Power a public or private company?
Anax Power is a private company. It is classified as venture growth investor backed and is currently operating.
When was Anax Power founded?
Anax Power was founded in 2017. It employs 1 to 10 people.
Where is Anax Power based?
Anax Power is headquartered in Santa Monica, United States, in the North America region.
How does Anax Power make money?
Five revenue lines are on record. Equipment Sales (ATE-500) is the primary driver. The others are project Development and Ownership, renewable Energy Credits (RECs), government Incentives and Grants and lifetime Maintenance Contracts.
Who are Anax Power's main competitors?
Broad incumbents on record are Elliott Group (Ebara), Mafi-Trench (part of Solar Turbines/Caterpillar), Cryostar (Air Liquide), Energy Recovery Inc. (ERII) and Atlas Copco Gas Compressors. Direct peers are Concepts NREC, Sapphire Technologies, FlexEnergy Solutions and Calnetix Technologies. Reutech (now part of enerGcore) is listed as a regional player.
Does Anax Power have an API?
No public API is recorded for Anax Power.
What industry is Anax Power in?
Anax Power's product category is Clean Energy Generation Equipment (Natural Gas Turboexpander Power Systems). Its primary akta.pro industry code is IMAGAGAI, Industrial Power & Energy Electronics Manufacturing Services (UPS, converters, inverters, chargers), with a secondary code of IMAGAHAI, Thermal Management & Safety Systems (cooling, fire detection/suppression, venting). Its NAICS code is 333611 and its SIC code is 3510.