Oilon
Oilon is a Finnish family-owned energy technology company founded in 1961 that designs and manufactures industrial burners and high-temperature industrial heat pumps for energy utilities, district heating operators, and industrial manufacturers worldwide.
- Company typePrivate
- Founded1961
- HeadquartersLahti, Finland
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What Oilon does
Oilon is a Finnish family-owned energy technology company founded in 1961 and headquartered in Lahti, Finland, with approximately 400 employees worldwide. The company operates two core product lines: industrial burners (including the patented LN30 ultra-low NOx series, ACE, Monox, Stream, and multi-fuel burner ranges from 200 kW to multi-megawatt) and industrial heat pumps (centered on the ChillHeat brand with P, S, and S600-S2000 series capable of producing temperatures up to 120°C and combined heating-and-cooling COP of 10). Underlying technology includes patented partly premixed combustion achieving sub-20 mg/Nm3 NOx without external FGR, oxy-fuel combustion reaching 3,000°C, CFD-based flame modeling, and remote monitoring via the OilonONE platform. Revenue is generated primarily through hardware sales (burners and heat pumps) and professional services (maintenance, spare parts, training), with quote-based enterprise pricing and multi-year contracts. The go-to-market combines direct enterprise sales for large industrial projects with a network of approximately 70 dealers across more than 50 countries, complemented by OEM partnerships (notably Trane in Europe and O'Brien in Australia) and direct e-commerce via the Oilon Webshop. Manufacturing is vertically integrated across Finland, the United States, China, and Russia, with sales offices in Brazil and Germany, and the customer base spans energy utilities, district heating operators, industrial manufacturers, food processors, aviation, energy storage, and commercial real estate.
Oilon firmographics
Firmographics- Name
- Oilon
- Legal name
- Oilon Group Oy
- Website
- https://oilon.com
- Company type
- Private
- Founded year
- 1961
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Oilon is a Finnish family-owned energy technology company founded in 1961 that designs and manufactures industrial burners and high-temperature industrial heat pumps for energy utilities, district heating operators, and industrial manufacturers worldwide.
- Ownership category
- akta.pro rank
Oilon industry classification
Industry- Product category
- Industrial Burners and Heat Pumps
- NAICS
- Heating Equipment (except Warm Air Furnaces) Manufacturing (333414), Industrial Process Furnace and Oven Manufacturing (333994), Power Boiler and Heat Exchanger Manufacturing (332410)
- SIC
- Industrial Process Furnaces & Ovens (3567), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Heating Equipment, Except Electric & Warm Air Furnaces (3433)
- akta.pro primary industry
- Boilers, Furnaces & Process Heating Equipment (IMAHAKAD)
- akta.pro secondary industries
- Chillers & Cooling Plant Equipment (IMAHAKAE), Heat Exchangers & Thermal Transfer Equipment (IMAHAKAC), Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC)
Keywords
Where Oilon is headquartered
LocationHeadquarters
- HQ city
- Lahti
- HQ country
- Finland
- HQ region
- Europe
Offices7 records
Markets served
Oilon business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Industrial Heat Pumps and ChillHeat Solutions: Sale of industrial heat pumps including ChillHeat S, P, and D series. Heat pumps typically produce 80% lower carbon dioxide emissions compared to traditional technology.
- Industrial Burners: Sale of burners including LN30, ACE, Monox, Stream series, and various capacity ranges. Burner business generated EUR 36.4 million in 2024.
- Service, Maintenance and Spare Parts: Technical support, maintenance, and spare parts supply. Parts used are generally available on market. Service provided through own units and reseller network in around 50 countries.
- Training Services: International training schedule for product operation and maintenance.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom quotation for industrial equipment |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels15 records
Oilon product offering
Product offeringCore offering
Oilon manufactures and sells industrial burners and industrial heat pumps. The burner portfolio includes ultra-low NOx, multi-fuel, and oxy-fuel combustion systems (LN30, ACE, S, K, LITEX, Monox, Stream series, and capacity ranges from 50 to 2000) for liquid and gaseous fuels. The heat pump portfolio centers on the ChillHeat brand (P, S, and S600-S2000 series) producing temperatures up to 120°C with combined heating and cooling (CHC) systems reaching COP of 10, supporting industrial process heating, district heating, waste heat recovery, and battery cooling applications.
Product overview
Oilon is an international energy technology company specializing in two core product lines: industrial burners and industrial heat pumps. The burner portfolio includes multiple series (LN30, ACE, S, K, LITEX, Lance, BF/BG, Monox, Stream, and numbered series from 50 to 2000) covering power ranges from 200 kW to multi-megawatt applications, featuring ultra-low NOx technology, multi-fuel capability, and oxy-fuel combustion. The heat pump portfolio centers on the ChillHeat brand (P, S, and S600-S2000 series) capable of producing temperatures up to 120°C, with combined heating and cooling (CHC) systems achieving COP up to 10. Supporting software includes the Oilon Selection Tool for system design and OilonONE for equipment monitoring. Oilon also provides services including Oilon Care (warranty/registration) and Oilon Leaf (customer magazine). Ground source heat pumps for real estate have been discontinued while warranty support continues.
Differentiator
Problem solved
Functional benefit
Products and services
- Oilon Industrial Burners
Quantifiable outcome
- 80% lower carbon dioxide emissions with industrial heat pumps vs traditional technology
- +6 more outcomes
Companies that use Oilon
Customer profileNamed customers15 records
Segments5 records
Ideal customer profiles4 records
Oilon technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
Oilon partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Miller Proctor Nickolas Inc (MPN)coreNew York-based partner utilizing Oilon heat pump technology. Won Empire Technology Prize for decarbonizing NYC tall buildings. Secured $965K funding for three pilot sites.
- O'Brien Energy ServicescoreStrategic partnership announced May 2025 for Australian market. Aims to accelerate adoption of high temperature heat pump technology (up to 120°C) across manufacturing and processing sectors. O'Brien provides engineering, integration, and lifecycle service support.
- Trane (Trane Technologies)coreCollaboration agreement signed December 2021. Trane offers the Trane Exergy Series heat pumps in Europe, designed and manufactured in collaboration with Oilon. Units deliver heating capacity up to 120°C and can replace oil and gas boilers in industrial processes, buildings, and district heating applications.
- Nationwide Boiler Inc.coreCalifornia-based boiler company that completed boiler project for food processing facility using Oilon ultra-low NOx burner. System achieved 3.1 ppm NOx emissions. Leading provider of emissions control solutions with CataStak SCR system installed in 250+ projects.
- LeaseGreenminorLong-standing partnership with Finnish energy efficiency company LeaseGreen for sustainable energy solutions.
- SwecominorEuropean engineering consultancy using Oilon Selection Tool for heat pump selection in design projects. Sweco is industry leader in Europe with 16,000 employees and operations in 70 countries.
Scale indicators10 records
Recent moves8 records
Expansion highlights5 records
Oilon competitors and assessment
Company assessmentDirect peers
- Weishaupt: German family-owned manufacturer of industrial burners and combustion systems for oil, gas, and biofuels. Direct competitor to Oilon's burner business across commercial heating, industrial process, and HVAC markets in Europe and globally.
- Riello Burners: Italian manufacturer of residential, commercial, and industrial burners. Closely comparable to Oilon across monoblock and two-stage burner series with overlapping distribution in Europe and Asia.
- Baltur: Italian industrial burner manufacturer covering residential, commercial, and industrial applications. Comparable mid-sized European family-style competitor to Oilon's burner portfolio.
Broad incumbents
- Trane Technologies: Global HVAC leader that partnered with Oilon in 2021 to offer the Trane Exergy heat pump series in Europe. Comparable as a strategic partner/co-developer and broad incumbent competing in industrial heat pump space Oilon targets.
- Bosch Thermotechnology: Major European heating OEM offering boilers, burners, and heat pumps for commercial and industrial applications. Comparable as a broad incumbent across Oilon's categories with deeper scale and budget for industrial electrification.
- Viessmann Climate Solutions: German family-owned heating and industrial refrigeration manufacturer offering industrial heat pumps and boilers. Comparable to Oilon in industrial heat pumps and combustion equipment with broader portfolio scale.
- Daikin Applied: Global HVAC and chillers manufacturer that has expanded into industrial heat pumps. Comparable to Oilon's chillers and combined heating & cooling offerings with deeper R&D budget.
Emerging players
- MAN Energy Solutions (Heat Pumps): Industrial heat pump developer targeting high-temperature applications up to 150°C. Directly comparable to Oilon's ChillHeat line for industrial process heat decarbonization.
- Star Refrigeration: UK-based industrial refrigeration and heat pump specialist serving district heating and industrial process cooling. Comparable use cases to Oilon ChillHeat in industrial CHC applications.
- Danstoker: Danish industrial burner and boiler house specialist serving marine and industrial markets. Comparable to Oilon's marine burner and industrial combustion offerings in European markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Oilon social profiles
Digital presenceOilon financial estimates
Financial estimateRevenue estimate
Valuation estimate
Oilon leadership team
Management profileNumber of profiles
Profiles14 records
Oilon subsidiaries and ownership
Company hierarchySubsidiaries1 record
Oilon funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Oilon 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 Oilon
What does Oilon do?
Oilon manufactures and sells industrial burners and industrial heat pumps. The burner portfolio includes ultra-low NOx, multi-fuel, and oxy-fuel combustion systems (LN30, ACE, S, K, LITEX, Monox, Stream series, and capacity ranges from 50 to 2000) for liquid and gaseous fuels. The heat pump portfolio centers on the ChillHeat brand (P, S, and S600-S2000 series) producing temperatures up to 120°C with combined heating and cooling (CHC) systems reaching COP of 10, supporting industrial process heating, district heating, waste heat recovery, and battery cooling applications.
Is Oilon a public or private company?
Oilon is a private company. It is classified as family owned and is currently operating.
When was Oilon founded?
Oilon was founded in 1961. It employs 101 to 250 people.
Where is Oilon based?
Oilon is headquartered in Lahti, Finland, in the Europe region.
How does Oilon make money?
Four revenue lines are on record. Industrial Heat Pumps and ChillHeat Solutions are the primary driver. The others are industrial Burners, service, Maintenance and Spare Parts and training Services.
Who are Oilon's main competitors?
Direct peers on record are Weishaupt, Riello Burners and Baltur. Broad incumbents are Trane Technologies, Bosch Thermotechnology, Viessmann Climate Solutions and Daikin Applied. Emerging players are MAN Energy Solutions (Heat Pumps), Star Refrigeration and Danstoker.
Does Oilon have an API?
No public API is recorded for Oilon.
What industry is Oilon in?
Oilon's product category is Industrial Burners and Heat Pumps. Its primary akta.pro industry code is IMAHAKAD, Boilers, Furnaces & Process Heating Equipment, with a secondary code of IMAHAKAE, Chillers & Cooling Plant Equipment. Its NAICS code is 333414 and its SIC code is 3567.