SPG Dry Cooling
- Company typePrivate
- Founded1940
- HeadquartersBrussels, Belgium
- Headcount501–1,000
- GTM typeB2B
- OfferingHardware or Manufacturing
SPG Dry Cooling firmographics
Firmographics- Name
- SPG Dry Cooling
- Legal name
- SPG Dry Cooling Belgium BV
- Website
- https://spgdrycooling.com
- Company type
- Private
- Founded year
- 1940
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Ownership category
- akta.pro rank
SPG Dry Cooling industry classification
Industry- Product category
- Industrial Cooling Equipment
- NAICS
- Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Power Boiler and Heat Exchanger Manufacturing (33241)
- SIC
- Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Refrigeration & Service Industry Machinery (3580)
- akta.pro primary industry
- Chillers & Cooling Plant Equipment (IMAHAKAE)
- akta.pro secondary industries
- Heat Rejection & Mechanical Plant (Cooling Towers, Pumps, Condensers) (HDABAKAE), Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC)
Keywords
Where SPG Dry Cooling is headquartered
LocationHeadquarters
- HQ city
- Brussels
- HQ country
- Belgium
- HQ region
- Europe
Offices12 records
Markets served
SPG Dry Cooling business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Cooling Equipment and Systems: Sale of engineered cooling systems including air cooled condensers, dry cooling towers, and heat exchangers for power generation and industrial applications
- Aftermarket Services: Spare parts, performance improvements, inspections, cleaning, leak detection, technical consulting, and remote performance management (ACC360)
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom project-based pricing |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
SPG Dry Cooling product offering
Product offeringCore offering
SPG Dry Cooling designs, manufactures, and services engineered dry cooling systems for power generation, data centers, and industrial applications. The portfolio centers on air-cooled condensers (A-Frame, W-Style, ModuleAir, BoxAir, Hexacool), indirect dry cooling towers, air-cooled heat exchangers, and the Hypercooler for hyperscale data center and industrial loads. Revenues come from custom-engineered equipment sales (hardware) and aftermarket services (spare parts, performance upgrades, inspections, cleaning, leak detection, and ACC360 remote performance management).
Product overview
SPG Dry Cooling offers a comprehensive portfolio of engineered cooling solutions centered on dry cooling technology, with wet cooling solutions available through affiliated company Paharpur Cooling Towers. The product lineup includes six distinct air cooled condenser (ACC) variants (A-Frame, W-Style®, ModuleAir, BoxAir, Hexacool), indirect dry cooling towers, air cooled heat exchangers, and the Hypercooler for hyperscale applications. These products are complemented by the ACC360® data analytics platform for remote performance management and a full suite of aftermarket services including spare parts, performance optimization, and technical support. The portfolio serves power generation, data centers, hydrogen, nuclear, carbon capture, solar, geothermal, gas, biomass, waste-to-energy, and industrial markets.
Differentiator
Problem solved
Functional benefit
Brands
- ACC360: Remote performance management and data analytics solution for air-cooled condensers, providing cloud-based advanced analytics to enhance steam cycle performance and reliability.
- Hypercooler
- W-Style
- ModuleAir
- BoxAir
- Hexacool
Products and services
- A-Frame Air Cooled Condenser Traditional A-frame designed air cooled condenser suitable for small to large power plants operating in varied conditions including low ambient temperatures, high winds, seismic activity, and low noise requirements.
- W-Style Air Cooled Condenser Patented induced draft air cooled condenser with a distinctive W heat exchanger structure that significantly reduces overall ACC height compared to traditional forced draft designs and condenses steam turbine exhaust directly with zero water loss.
- ModuleAir Air Cooled Condenser Modular ACC with factory pre-assembled structural components and integrated heat exchangers in steam and condensate headers; reduces construction costs by up to 25% and construction time by several months versus conventional A-frame designs.
- BoxAir ACC Induced draft air cooled condenser composed of standardized modular boxes for power plants from 1 to 30 MWe, featuring fast assembly, reduced field welding, and resistance to wind effects.
- Hexacool Air Cooled Condenser Standardized modular ACC designed for easy construction and robust performance for small power plants from a few MW up to 50 MW, providing a more cost-effective alternative to traditional A-frame designs.
- Indirect Dry Cooling Tower (IDCT) System combining indirect dry cooling tower with surface or jet steam condenser for large capacity condensation units; high concrete or steel shell eliminates hot air recirculation and relies on natural draft for reduced auxiliary power consumption.
- Air Cooled Heat Exchangers (ACHE) Custom-designed finned tube heat exchangers enabling direct air cooling of various process fluids for power, chemical, ORC, oil and gas, steel, and other industrial applications.
- Hypercooler Industrial cooling solution combining features of air cooled condensers and Infinium units; offers up to 30% energy reduction, reduced water consumption, and a footprint up to 20% smaller, scalable from 10 MW to several GW for hyperscale data centers and industrial applications.
- ACC360 Data Analytics Cloud-based remote performance management solution for air cooled condensers combining data analysis with thermophysical steam cycle models for predictive maintenance, availability optimization, turbine power increase, and auxiliary power reduction.
- Spare Parts & Components Aftermarket spare parts for OEM and non-OEM cooling systems including electric motors, fans, steam ejectors, gearboxes, pumps, liquid ring vacuum pumps, instrumentation, and valves.
- Performance Improvement Services Modification, upgrade, refurbishing, repowering, wind mitigation systems, capacity increase, and wet-to-dry repowering for existing cooling systems.
- Service & Support Technical support services including inspections, cooling system cleaning, helium leak detection, and technical advice to maximize system performance.
Quantifiable outcome
- Up to 30% energy reduction compared to conventional cooling systems (Hypercooler)
- +3 more outcomes
Companies that use SPG Dry Cooling
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles3 records
SPG Dry Cooling technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature9 records
SPG Dry Cooling partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Paharpur GroupcoreSPG Dry Cooling is part of the Paharpur Group, an international group of companies. The group spans over 17 offices and 6 manufacturing plants globally, with SPG Dry Cooling specializing in dry cooling while Paharpur Cooling Towers provides wet solutions.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
SPG Dry Cooling competitors and assessment
Company assessmentDirect peers
- SPX Cooling Technologies: Direct descendant of the original SPX Dry Cooling Belgium business prior to the Paharpur acquisition, SPX Cooling Technologies remains one of the largest global manufacturers of air-cooled condensers and dry cooling towers for power and industrial applications, competing head-to-head with SPG.
- Enexio (Kelvion): Enexio was a leading European dry and wet cooling specialist before being integrated into Kelvion, offering air-cooled condensers, dry cooling towers, and heat exchangers directly comparable to SPG's portfolio for power and industrial customers.
- Hamon: Belgian-headquartered cooling solutions provider offering natural and mechanical draft cooling towers, air-cooled condensers, and heat exchangers for power generation and industrial markets, with substantial overlap to SPG's product lines.
- Holtec International: Holtec's HI-HEAT division manufactures air-cooled condensers, dry cooling systems, and heat exchangers for power plants and industrial facilities, competing with SPG in engineered thermal management projects globally.
- Babcock Power: Babcock Power (through subsidiaries like Vogt Power and TEi) designs and supplies heat exchangers, air-cooled condensers, and related thermal equipment for the power generation industry, directly overlapping with SPG's ACC and ACHE offerings.
Broad incumbents
- Paharpur Cooling Towers: Sister company within the Paharpur Group, specializing in wet cooling towers and packaged cooling units. While complementary rather than directly competitive, it shares customers, engineering talent, and global reach with SPG and represents the group's broader cooling franchise.
- John Cockerill: Belgian-headquartered industrial group offering cooling solutions (including dry and wet cooling) alongside a broad portfolio of energy and industrial equipment, making it a broad incumbent peer in the engineered cooling market.
- Baltimore Aircoil Company: Global manufacturer of evaporative, adiabatic, and dry cooling equipment for HVAC and industrial applications, with a broader commercial-HVAC focus but overlapping on dry and hybrid cooling technology relevant to SPG's data center push.
- EVAPCO: Global manufacturer of heat transfer and cooling equipment including dry, adiabatic, and hybrid coolers for industrial, refrigeration, and data center applications, competing with SPG in the data center and industrial cooling segments.
Regional players
- Thermax: Indian industrial and energy solutions company with cooling tower and heat transfer offerings primarily serving South Asian power and industrial customers, making it a regional peer that increasingly competes with SPG in emerging markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
SPG Dry Cooling social profiles
Digital presenceSPG Dry Cooling financial estimates
Financial estimateRevenue estimate
Valuation estimate
SPG Dry Cooling leadership team
Management profileNumber of profiles
Profiles1 record
SPG Dry Cooling subsidiaries and ownership
Company hierarchySubsidiaries4 records
SPG Dry Cooling funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SPG Dry Cooling 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 SPG Dry Cooling
What does SPG Dry Cooling do?
SPG Dry Cooling designs, manufactures, and services engineered dry cooling systems for power generation, data centers, and industrial applications. The portfolio centers on air-cooled condensers (A-Frame, W-Style, ModuleAir, BoxAir, Hexacool), indirect dry cooling towers, air-cooled heat exchangers, and the Hypercooler for hyperscale data center and industrial loads. Revenues come from custom-engineered equipment sales (hardware) and aftermarket services (spare parts, performance upgrades, inspections, cleaning, leak detection, and ACC360 remote performance management).
Is SPG Dry Cooling a public or private company?
SPG Dry Cooling is a private company. It is classified as corporate owned and is currently operating.
When was SPG Dry Cooling founded?
SPG Dry Cooling was founded in 1940. It employs 501 to 1,000 people.
Where is SPG Dry Cooling based?
SPG Dry Cooling is headquartered in Brussels, Belgium, in the Europe region.
How does SPG Dry Cooling make money?
Two revenue lines are on record. Cooling Equipment and Systems are the primary driver. The others are aftermarket Services.
Who are SPG Dry Cooling's main competitors?
Direct peers on record are SPX Cooling Technologies, Enexio (Kelvion), Hamon, Holtec International and Babcock Power. Broad incumbents are Paharpur Cooling Towers, John Cockerill, Baltimore Aircoil Company and EVAPCO. Thermax is listed as a regional player.
Does SPG Dry Cooling have an API?
No public API is recorded for SPG Dry Cooling.
What industry is SPG Dry Cooling in?
SPG Dry Cooling's product category is Industrial Cooling Equipment. Its primary akta.pro industry code is IMAHAKAE, Chillers & Cooling Plant Equipment, with a secondary code of HDABAKAE, Heat Rejection & Mechanical Plant (Cooling Towers, Pumps, Condensers). Its NAICS code is 333415 and its SIC code is 3585.