Parat
Parat Halvorsen AS is a Norwegian industrial boiler manufacturer (founded 1842) that designs and sells high-voltage electrode and low-voltage electric boilers for steam, hot water, and Power-to-Heat applications, serving industrial, district heating, offshore, aquaculture, and agricultural enterprise customers globally as part of Babcock Wanson Group.
- Company typePrivate
- Founded1842
- HeadquartersFlekkefjord, Norway
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
Parat firmographics
Firmographics- Name
- Parat
- Legal name
- Parat Halvorsen AS
- Website
- https://parat.no
- Company type
- Private
- Founded year
- 1842
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Parat Halvorsen AS is a Norwegian industrial boiler manufacturer (founded 1842) that designs and sells high-voltage electrode and low-voltage electric boilers for steam, hot water, and Power-to-Heat applications, serving industrial, district heating, offshore, aquaculture, and agricultural enterprise customers globally as part of Babcock Wanson Group.
- Ownership category
- akta.pro rank
Parat industry classification
Industry- Product category
- Industrial Boilers
- NAICS
- Power Boiler and Heat Exchanger Manufacturing (332410)
- SIC
- Fabricated Plate Work (Boiler Shops) (3443)
- akta.pro primary industry
- Industrial Boilers, HRSGs & Steam Generators (IMAHAFAF)
- akta.pro secondary industries
- Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC), Cooling, Water/Steam Cycle & Balance-of-Plant Retrofits (Condensers, Cooling Towers) (EUAEALAK)
Keywords
Where Parat is headquartered
LocationHeadquarters
- HQ city
- Flekkefjord
- HQ country
- Norway
- HQ region
- Europe
Offices1 record
Markets served
Parat business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Boiler Equipment Sales: One-time sale of industrial boiler systems including high-voltage electrode boilers (IEH series), low-voltage element boilers (IEL series), compact boilers, and LV-Pack solutions. Equipment sales include both standardized and customized configurations for specific industrial applications.
- Installation and Commissioning Services: Professional services including installation, commissioning, and startup of boiler systems. Provided globally through direct PARAT teams and partner organizations including AS:SCAN and Tjæreborg Industri.
- Aftermarket Services: Ongoing maintenance, spare parts supply, and technical support services. Includes commissioning and aftersales support, mechanical lead aftersales, and service technician support for both standardized and customized boiler installations.
- Boiler Rental: Rental services providing temporary boiler solutions for facilities requiring interim heating capacity during maintenance, upgrades, or unexpected equipment downtime.
- Spare Parts: Supply of replacement components including electrodes, heating elements, pumps, valves, and other boiler system components. Available through maintenance and spare parts department.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | Custom equipment pricing based on project specifications |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels8 records
Parat product offering
Product offeringCore offering
Parat Halvorsen AS designs, manufactures, and services industrial electric boiler systems, including high-voltage electrode boilers (IEH series, 5-60 MW at 6-12 kV) and low-voltage element boilers (IEL series and LV-Pack, up to 5.5 MW at 230V-690V) for steam and hot water generation. The company also delivers skid-mounted compact boilers, offshore/oil-and-gas boiler packages, and related accessories, serving industrial process steam, district heating, and grid regulation (Power-to-Heat) applications globally.
Product overview
Parat Halvorsen AS offers a comprehensive portfolio of industrial boiler and heating solutions as part of Babcock Wanson Group. The product range includes High Voltage Electrode Boilers (IEH series) with capacities from 5-60 MW at 6-12 kV for large-scale steam and hot water applications, Low Voltage Element Boilers (IEL series and LV-Pack) up to 5.5 MW for smaller industrial needs, and Compact Boiler solutions (IEH Compact) with plug-and-play skid-mounted designs up to 8 MW. The portfolio also includes oil and gas offshore solutions, boiler accessories (blowdown tanks, feedwater tanks, steam accumulators), retrofit solutions for replacing existing boilers, and comprehensive services (maintenance, rental, spare parts). The products are designed for zero-emission heating, grid regulation, and industrial decarbonization applications.
Differentiator
Problem solved
Functional benefit
Brands
- PARAT IEL: Low voltage electric boiler for steam and hot water generation, featuring a compact design separating the boiler body and power cabinet.
- PARAT IEH
- LV-Pack
- Standard Boiler Systems
Products and services
- IEH High Voltage Electrode Boiler High voltage electrode boiler for industrial steam and hot water generation at 6-12 kV with capacity range of 5-60 MW, designed for zero-emission heating, industrial process steam, and grid regulation applications.
- IEH Compact Boiler Skid-mounted electrode hot water boiler with plug-and-play installation. Output 50 kW to 8 MW, design pressure 12 barg, district heating temperatures up to 140°C, fully integrated on a single skid.
- IEH Standard Boiler Pre-engineered, factory-optimized high voltage electrode boiler packages with pressure range 10-13 barg, output range 5-60 MW, voltage 6-12 kV, designed to reduce complexity, cost, and lead time.
- IEL Low Voltage Element Boiler Low voltage electric boiler for steam and hot water generation operating at 230V, 400V, or 690V. Capacity up to 5.5 MW, design pressure up to 18 barg, with load regulation down to 15 kW.
- LV-Pack Pre-engineered low voltage electrical industrial boiler with over 99% efficiency and zero on-site emissions. Includes Navinergy operating system for on-site and remote monitoring; designed for easy installation with pre-assembled components.
- Oil and Gas / Offshore Boiler Solutions Boiler solutions designed for offshore platforms and oil and gas industry, including custom MCS combined steam boilers with DNV Manufacturer Certificate, DNV Type Approval, Lloyd's Register approval, and EX-certified packages for hazardous-area operation.
- Customised High Voltage Boiler Custom-engineered high voltage electrode boiler tailored to specific customer requirements for capacity, pressure, voltage, and integration specifications.
- Customised Low Voltage Boiler Custom-designed low voltage boiler tailored to specific industrial requirements with flexible configuration options.
- Boiler Rental Rental boiler services for temporary or backup heating needs during maintenance, emergencies, or project phases.
- Maintenance Services Comprehensive maintenance, installation, commissioning, retrofitting, and ongoing technical support for both standardised and customised boiler installations worldwide.
- Spare Parts Supply of genuine spare parts for PARAT boiler systems, including electrodes, heating elements, pumps, valves, and other replacement components.
Quantifiable outcome
- 5347 MW of clean energy capacity delivered since 1993
- +4 more outcomes
Companies that use Parat
Customer profileNamed customers25 records
Segments5 records
Ideal customer profiles4 records
Parat technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature7 records
Parat partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered flagship, core and minor.
- Babcock Wanson GroupflagshipPARAT Halvorsen joined Babcock Wanson Group in January 2023. PARAT's superior electrical boilers integrated into Babcock Wanson's portfolio to become the leading European producer and servicer of industrial boilers. Babcock Wanson is backed by majority shareholder Kartesia and is the European leader in energy transition solutions.
- AS:SCANcoreInstallation partner for electrode boiler projects in Denmark. Responsible for installation of Electrode Boiler and delivery of other components. Partner on multiple projects including Glamsbjerg-Haarby Varmeværk and Ejstrupholm Varmeværk.
- Tjæreborg IndustricoreMain contractor for installation projects in Denmark. Handles Electrode Boiler installation and delivery of other components. Partner on Glamsbjerg-Haarby Varmeværk and Ejstrupholm Varmeværk projects.
- Varma & Vélaverk ehfcoreIcelandic partner responsible for installation of PARAT boilers at customer sites. Successfully collaborated on multiple Icelandic projects including Ölgerðin beverage producer and Orkubú Vestfjarða district heating. Merged companies (Varmaverk ehf and Velaverk ehf) to form stronger service provider.
- ECO Steam and HeatingcoreInstallation partner for Dutch market projects. Responsible for on-site installation of boilers. Partner on Sappi Maastricht and Verstegen Rotterdam projects.
- Kraftanlagen Energies & ServicesminorGerman installation partner for Eins Energie project in Chemnitz. Collaborative delivery of 20MW Zero Load eBoiler.
- AS:SCAN and Tjæreborg IndustricoreInstallation partners for Alfred Pedersen & Søn 10MW project in Denmark. Tjæreborg Industri as main contractor handling boiler installation and component delivery.
Scale indicators5 records
Recent moves7 records
Expansion highlights6 records
Parat competitors and assessment
Company assessmentBroad incumbents
- Viessmann Industriekessel: Viessmann is a large German manufacturer of heating and industrial energy systems. Comparable to Parat as a European industrial and commercial heating OEM, with a broader portfolio spanning residential, commercial, and industrial heat generation.
- Babcock & Wilcox: Babcock & Wilcox is a large, established US-based industrial boiler and power generation equipment manufacturer. Comparable to Parat as a broad industrial boiler OEM serving utilities, process industries, and energy customers, though it spans a much wider portfolio including utility-scale fossil and biomass boiler systems.
- Spirax-Sarco Engineering: Spirax-Sarco is a global leader in steam generation, distribution, and control solutions for industrial customers. Comparable to Parat as a steam-systems specialist serving process industries, though Spirax focuses more on steam utilization ancillaries than boiler manufacturing itself.
- Bosch Industriekessel: Bosch Industriekessel is a German manufacturer of industrial heating systems including fire-tube, waste heat, and electric boilers. Comparable to Parat as a European industrial boiler OEM serving similar process steam and district heating customers, with broader portfolio and larger scale.
Direct peers
- Danstoker: Danstoker is a Danish manufacturer of industrial boilers and heating solutions. Comparable to Parat as a Northern European industrial boiler OEM with strong district heating and process steam customer overlap, including biomass and electric boiler offerings.
- ACME Engineering Products: ACME Engineering is a manufacturer of industrial boilers including electric and electric-hybrid systems for process steam applications. Comparable to Parat as an electric boiler specialist serving industrial process heat customers with custom-engineered solutions.
- Vapor Power International: Vapor Power International manufactures electric and electrode steam boilers for industrial applications. Directly comparable to Parat as an electric boiler specialist serving similar industrial process steam and hot water use cases across food, pharma, and chemical industries.
- Cleaver-Brooks: Cleaver-Brooks is a North American manufacturer of industrial boilers and boiler room solutions. Directly comparable to Parat as a custom industrial boiler OEM serving process steam, hot water, and district energy customers, with both standard and engineered offerings.
- Fulton Boiler Works: Fulton is a US manufacturer of industrial boilers including electric, gas, and oil-fired systems for process and HVAC applications. Comparable to Parat as a mid-sized industrial boiler OEM serving similar industrial process steam customers across multiple end markets.
- Chromalox: Chromalox designs and manufactures electric heating and temperature control solutions for industrial processes. Directly comparable to Parat as an electric heating OEM serving industrial process heat applications, including high-capacity electrode and immersion heater solutions.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Parat social profiles
Digital presenceParat compliance and trust
Trust signalCompliance15 records
Parat financial estimates
Financial estimateRevenue estimate
Valuation estimate
Parat leadership team
Management profileNumber of profiles
Profiles8 records
Parat subsidiaries and ownership
Company hierarchySubsidiaries1 record
Parat funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Parat 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 Parat
What does Parat do?
Parat Halvorsen AS designs, manufactures, and services industrial electric boiler systems, including high-voltage electrode boilers (IEH series, 5-60 MW at 6-12 kV) and low-voltage element boilers (IEL series and LV-Pack, up to 5.5 MW at 230V-690V) for steam and hot water generation. The company also delivers skid-mounted compact boilers, offshore/oil-and-gas boiler packages, and related accessories, serving industrial process steam, district heating, and grid regulation (Power-to-Heat) applications globally.
Is Parat a public or private company?
Parat is a private company. It is classified as corporate owned and is currently operating.
When was Parat founded?
Parat was founded in 1842. It employs 51 to 100 people.
Where is Parat based?
Parat is headquartered in Flekkefjord, Norway, in the Europe region.
How does Parat make money?
Five revenue lines are on record. Boiler Equipment Sales are the primary driver. The others are installation and Commissioning Services, aftermarket Services, boiler Rental and spare Parts.
Who are Parat's main competitors?
Broad incumbents on record are Viessmann Industriekessel, Babcock & Wilcox, Spirax-Sarco Engineering and Bosch Industriekessel. Direct peers are Danstoker, ACME Engineering Products, Vapor Power International, Cleaver-Brooks, Fulton Boiler Works and Chromalox.
Does Parat have an API?
No public API is recorded for Parat.
What industry is Parat in?
Parat's product category is Industrial Boilers. Its primary akta.pro industry code is IMAHAFAF, Industrial Boilers, HRSGs & Steam Generators, with a secondary code of IMAHAEAC, Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers). Its NAICS code is 332410 and its SIC code is 3443.