What Energy Machines does

Energy Machines ApS, founded in 2010 and headquartered in Copenhagen, Denmark, designs, implements, and operates integrated energy systems that allow buildings to generate, store, and reuse their own energy. The company combines geothermal heating and cooling (ATES and BTES), high-efficiency ClimateMachines air handling units, rooftop solar and wind generation, and a proprietary Energy Machines Control cloud-based SCADA/HMI platform that monitors more than 90 building facilities and ingests roughly one million sensor data points annually. Patented heat pump-chiller products (EM1, EM8) deliver simultaneous heating, cooling, and domestic hot water, supported by an Energy Machines Simulator digital twin used to size and validate each installation.

Energy Machines serves enterprise customers across real estate, manufacturing, healthcare, education, retail, hospitality, and infrastructure, with named customers including Grundfos, Kungsleden, Castellum, Copenhagen Airport, IKEA, Bonnier Fastigheter, Norrlands University Hospital, Bolagsverket, and BIG - Bjarke Ingels Group. The company operates primarily in Denmark, Sweden, the U.S., Poland, and Finland, with U.S. entry anchored by the 345 Hudson Street retrofit in partnership with NYSERDA's Empire Building Showcase.

Revenue is generated through three streams: turnkey integrated energy system design and implementation (professional services), long-term Energy-as-a-Service contracts (25-year recurring agreements committing to specific energy, power, and efficiency outcomes), and geothermal hardware sales. Pricing is custom and quote-based, reflecting project-specific scope. The company sells primarily through direct enterprise field sales, supplemented by public-private partnerships and reference-driven deal flow. The 2022 acquisition of Enopsol expanded groundwater-based geothermal capabilities, and the company's positioning emphasizes 80% OPEX reduction and up to 100% emissions-free energy outcomes for building owners.

Name

Energy Machines

Legal name

Energy Machines ApS

Website

https://energymachines.com

Company type

Private

Founded year

2010

Operating status

Operating

Short description

Energy Machines designs and operates integrated geothermal, ventilation, solar, and cloud-controlled energy systems that allow commercial and institutional buildings to generate, store, and reuse their own energy, serving enterprise customers in real estate, healthcare, manufacturing, retail, and hospitality across the Nordics, U.S., Poland, and Finland.

Ownership category

akta.pro rank

Product category

Building Energy Systems

NAICS

Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414), Steam and Air-Conditioning Supply (221330), Electric Power Generation (22111)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Heating Equipment, Except Electric & Warm Air Furnaces (3433), Cogeneration Services & Small Power Producers (4991), Switchgear & Switchboard Apparatus (3613)

akta.pro primary industry

HVAC Equipment (Heating, Cooling & Air Handling) (IMAHAKAB)

akta.pro secondary industries

HVAC Controls & Optimization (Smart Thermostats, VAV, Chillers/Boilers Controls) (BPABAGAB), Microgrid, DER & Building Electrification Energy Controls (Solar/Storage/EV Load Orchestration) (BPABAGAJ), Power Electronics & Grid-Tie Equipment Manufacturing (Converters, Transformers, Switchgear) (EUAMAHAH), Heat Pump & Smart HVAC Controller Integration (HSAOANAD)

Keywords

• Integrated energy systems
• Building decarbonization solutions
• Geothermal energy storage
• Building energy management
• Heat pump chiller systems

Headquarters

HQ city

Copenhagen

HQ country

Denmark

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Integrated Energy System Design and Implementation: Turnkey solution provider for designing, implementing, and operating integrated energy systems for buildings. Includes data-driven modular design, project implementation, and cloud integration services.
2. Energy-as-a-Service (EaaS): Long-term contracts committing to delivery of specific energy, power, and efficiency measures. Example: 25-year contract with Alight for Inspiration Rosendal.
3. Geothermal Energy Solutions: Sale and installation of geothermal heating and cooling systems including heat pumps, borehole systems, and ATES solutions.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Energy Machines designs, implements, and operates integrated energy systems for buildings that combine geothermal heating and cooling, high-efficiency airflow management, rooftop solar and wind, and a proprietary cloud-based control platform. The systems enable buildings to generate, store, and reuse their own energy on-site, replacing traditional separate HVAC installations. The company delivers these turnkey solutions as Energy-as-a-Service contracts, owning the design, financing, and operation over long-term agreements with property owners, real estate companies, hospitals, hotels, and government entities.

Product overview

Energy Machines offers integrated energy systems that turn buildings into high-performance energy machines generating, storing, and reusing their own energy. The product portfolio centers on the EM1 and EM8 heat pump-chiller units combined with ClimateMachines high-efficiency air handling units, all connected through the proprietary Energy Machines Control cloud-based SCADA platform. Supporting technologies include geothermal heating and cooling (BTES/ATES), rooftop solar and wind, and the Energy Machines Simulator for digital twin modeling. The Cloud Platform serves as the unifying layer, collecting real-time data from 90+ facilities across properties via open protocols (Modbus, BACnet, MQTT, OPC), enabling anomaly detection and process automation for continuous optimization. Energy Machines also operates under a modular design methodology and offers Energy-as-a-Service contracting. Following the 2022 acquisition of Enopsol, the company expanded its groundwater-based geothermal capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• EM1 Heat Pump-Chiller Combined heat pump-and-chiller unit that moves energy within buildings, extracting and redistributing excess heat from sources such as exhibition halls, restaurants, and server rooms to other parts of the building. Delivered as a core component of Energy Machines integrated systems.
• EM8 Heat Pump-Chiller Integrated heat pump-chiller system with 800 kW of installed heat output. Features modular design based on standardized function modules for scalable, faster, and quality-assured projects, deployed alongside BTES geothermal systems for commercial buildings.
• ClimateMachines Air Handling Units High-performance air handling units combining industry-leading temperature efficiency (up to 90%) with a 0% cross-contamination guarantee. Designed for commercial buildings, hotels, hospitals, and industrial facilities to provide clean, comfortable environments efficiently. Includes modular variants such as the ClimateMachines Module 4000.
• Energy Machines Control Cloud Platform Proprietary cloud-based SCADA/HMI software platform providing visibility, analytics, and control for integrated energy systems. Features custom dashboards, history replay, alarm management, trend analysis, anomaly detection, and API access for KPI dashboard development. Connects to PLC/DUC via open protocols and collects structured sensor data across properties.
• Energy Machines Simulator Digital twin and simulation tool that builds a virtual model of properties to investigate demand for heat, cooling, and hot water. Used for system design, validation, and performance optimization before and during deployment.
• Geothermal Heating and Cooling Systems (BTES and ATES) Geothermal energy systems using underground thermal storage combined with heat pumps, including BTES (borehole thermal energy storage) for borehole-based solutions and ATES (aquifer thermal energy storage) for groundwater-based systems. Enables seasonal storage of heat and coolth for commercial, institutional, and residential buildings.
• Rooftop Solar and Wind Renewable energy generation components including PVT solar panels and vertical wind turbines designed for rooftop use. Generates both electricity and hot water, with excess power stored in batteries or sold back to the grid, integrated with Energy Machines systems.
• Energy-as-a-Service Long-term service contract model where Energy Machines designs, builds, finances, and operates integrated energy systems for customers, committing to delivery of specific energy, power, and efficiency measures over multi-decade terms (e.g., 25-year contracts with Alight for Inspiration Rosendal).

Quantifiable outcome

• 82% CO2 reduction at Bonnierhuset, Stockholm headquarters
• +7 more outcomes

Named customers28 records

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability3 records

Feature7 records

Partnerships

14 partnerships are on record, tiered core and minor.

• EnopsolcoreTechnology or Integration · 26 January 2022Acquired in January 2022 to extend Energy Machines' portfolio of geothermal technology and further market reach. Enopsol was Denmark's leading provider of groundwater-based geothermal systems.
• RototecminorImplementation/ SI/ Consulting PartnerBorehole drilling contractor for Blästern 13 project in Stockholm, drilling 38 x 300m boreholes beneath garage floor for BTES geothermal system.
• Bengt DahlgrenminorImplementation/ SI/ Consulting PartnerHVAC system design partner for Blästern 13 project in collaboration with Energy Machines.
• KlimatrörminorImplementation/ SI/ Consulting PartnerPlumbing contractor for Blästern 13 project.
• LKAB Wassara ABminorImplementation/ SI/ Consulting PartnerWater-powered drilling technology provider for Grundtvigs Hus project, drilling 36 boreholes with sustainable electric drilling rig.
• HP Borrningar ABminorImplementation/ SI/ Consulting PartnerDrilling contractor for Grundtvigs Hus project employing electric LKAB Wassara drilling rig for borehole drilling.
• ICAminorStrategic or Co-development PartnerICA grocery store waste heat utilized in Inspiration Rosendal geothermal system, making the property more efficient while ICA benefits from sustainability concept and reduced operating costs.
• Part Construction ABminorStrategic or Co-development PartnerHotel developer partnered with Energy Machines for Arena Hotel Uppsala, combining modular construction with ClimateMachines Module 4000.
• WihlborgscoreStrategic or Co-development PartnerEnergy-as-a-Service contract for NGG School in Hørsholm, Denmark targeting DGNB Gold certification. Long-term partnership for turnkey energy solution.
• WalmartminorGTM or Marketing PartnerClean Fight 2024 cohort program partner supporting adoption of decarbonized energy solutions in New York's food supply sector.
• Con EdisonminorGTM or Marketing PartnerClean Fight 2024 cohort program partner supporting adoption of decarbonized energy solutions in New York's food supply sector.
• Alight (formerly Eneo Solutions)coreStrategic or Co-development PartnerLong-term partner for geothermal implementations including Inspiration Rosendal and other projects. 25-year contracts committing to energy delivery.
• NYSERDAcoreGTM or Marketing PartnerPublic-private partnership for 345 Hudson Street, New York project as part of Empire Building Showcase to accelerate New York's progress toward reducing greenhouse gas emissions 85% by 2050.
• Hudson Square PropertiescoreStrategic or Co-development PartnerProperty owner partner for 345 Hudson Street low-carbon retrofit project, one of four Empire Building Showcase projects.

Scale indicators9 records

Recent moves7 records

Expansion highlights8 records

Broad incumbents

• Veolia: International energy services and district heating/cooling provider serving industrial and commercial customers. Comparable to Energy Machines on long-term energy service contracts and integrated thermal-energy delivery, but with a much wider geographic and service footprint.
• ENGIE: Global energy services and building decarbonization company offering integrated energy solutions, Energy-as-a-Service contracting, and efficiency retrofits for commercial real estate. Competes with Energy Machines in delivering turnkey decarbonization to building owners, but at much larger scale and broader scope.
• E.ON: European integrated energy company with a large building energy services and district heating business, including EaaS-style offerings for commercial and residential customers. Direct overlap with Energy Machines on integrated thermal energy delivery and energy-as-a-service contracts in European markets.
• Danfoss: Danish global leader in HVAC components, heat pumps, and building automation/controls. Overlaps with Energy Machines on heat-pump technology and building automation, but as a much larger incumbent with a broader component portfolio rather than a turnkey integrated system.

Emerging players

• 75F: Building AI and smart HVAC controls company delivering cloud-based optimization of HVAC and energy systems in commercial buildings. Comparable to Energy Machines' cloud control platform and AI-driven anomaly detection on building energy data.
• Kelvin Group: Building electrification and integrated heat-pump solutions provider focused on multifamily and commercial retrofits in the US. Comparable to Energy Machines in delivering integrated electrification projects with proprietary controls, but emerging/smaller scale.
• BrainBox AI: AI-based building optimization platform for HVAC and energy management in commercial real estate. Adjacent peer sharing the cloud-based, sensor-driven optimization thesis that underpins Energy Machines Control.

Direct peers

• NIBE Energy Systems: Swedish manufacturer of heat pumps and HVAC solutions for residential and commercial buildings. Closest direct peer to Energy Machines' heat-pump-chiller and ClimateMachines business, with overlapping technology stack and Nordic customer base.
• Carbon Lighthouse: US-based building decarbonization specialist delivering energy efficiency retrofits and on-site generation with guaranteed outcomes for commercial real estate. Directly comparable to Energy Machines on outcome-based EaaS contracts and US retrofit focus, though without geothermal storage depth.

Regional players

• Stiesdal/Energy Pioneer (GeoOp/ATES Denmark cluster): Stiesdal (and adjacent Danish/Nordic energy-tech players such as Innargi and the wider Danish ATES/BTES cluster) operate in deep geothermal and thermal energy storage for district and building-scale applications. Closest pure geothermal peer cluster to Energy Machines' ATES/BTES core technology.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Energy Machines