Enex

What Enex does

Enex S.r.l. designs and manufactures commercial and industrial heating, refrigeration, and air conditioning (HVACR) systems using natural CO2 refrigerant exclusively. Founded in Italy in 2004 by Sergio Girotto, the company claims to be the world's first to build refrigeration systems using only CO2 refrigerant, and it has since expanded its portfolio to include brine and water-cooled chillers, HVAC chillers, heat pumps for sanitary hot water, flooded chillers (developed in 2015), combined heating-and-refrigeration systems (introduced in 2018), freezing tunnel systems, and compact mini-boosters.

Enex monetizes through direct hardware sales of custom-engineered refrigeration and HVAC equipment, complemented by professional services spanning consultancy, bespoke system design, testing and commissioning, and post-sale technical assistance delivered via a multinational field technician network in constant contact with the factory. Multi-year, quote-based contracts are typical, with no public pricing or standard SKUs disclosed. Customers are concentrated in commercial and industrial refrigeration end-markets across Europe, with the company reporting a cumulative 1,100,000 metric tons of CO2-equivalent global warming potential saved through its natural refrigerant solutions.

Since 2022, Enex has operated as a subsidiary of Enex Technologies, a strategic operating company that has injected over €12 million in capital expenditure for a new 8,000 m2 manufacturing facility in Breda di Piave, Italy (production began September 2022) and a 2,000 m2 certified laboratory under development. The Enex Technologies group encompasses related brands including Kobol Refrigeration, Enex Industrial, Emicon, EthraTech, Kobol (Spain), Morgana (France), and Roen Est, indicating a coordinated group-level commercialization strategy. Enex maintains GDPR and CCPA privacy compliance, operates a multilingual website in five languages (English, Italian, French, Spanish, German), and runs a corporate social presence on LinkedIn, YouTube, and Facebook.

Name

Enex

Legal name

Enex S.r.l.

Website

https://enex.it

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

51–100 employees

Short description

Enex S.r.l. designs and manufactures commercial and industrial heating, refrigeration, and air conditioning systems using only natural CO2 refrigerant, serving enterprise customers across Europe with custom-engineered HVACR equipment and related technical services.

Ownership category

akta.pro rank

Product category

Industrial Refrigeration 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), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414)

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

Refrigeration Components & Controls (Compressors, Valves, Sensors) (IMAHAKAH), Heat Exchangers & Thermal Transfer Equipment (IMAHAKAC), Chillers, Boilers & Central Plant Operations (BPABACAG)

Keywords

• Natural refrigerant refrigeration
• CO2 cooling systems
• Industrial HVAC chillers
• Commercial heat pumps
• Freezing tunnel refrigeration

Headquarters

HQ city

Breda Di Piave

HQ country

Italy

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. HVACR Equipment Sales: Sale of commercial and industrial refrigeration systems, HVAC chillers, heat pumps, and related equipment using natural CO2 refrigerant.
2. Professional Services: Technical consultancy, customised design, testing and commissioning, and ongoing technical assistance services for refrigeration and HVAC systems.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Enex designs, manufactures, and services commercial and industrial cooling, heating, and refrigeration equipment built exclusively around natural CO2 refrigerant. The range covers HVAC chillers, brine and water-cooled chillers, heat pumps for sanitary hot water, refrigeration systems for freezing tunnels, flooded chillers, combined heating + refrigeration units, and mini-boosters, complemented by consultancy, custom design, testing & commissioning, and ongoing technical assistance delivered through a field network.

Product overview

Enex is a technology company specializing in high-efficiency cooling, heating, and refrigeration systems using natural CO₂ refrigerant. The product portfolio includes commercial and industrial refrigeration systems, brine and water-cooled chillers, HVAC chillers, heat pumps for sanitary hot water, freezing tunnel systems, combined heating+refrigeration systems, flooded chillers (first developed by Enex in 2015), and Mini-Boosters. Enex operates as part of Enex Technologies, which encompasses multiple sub-brands including Kobol Refrigeration, Enex Industrial, Emicon, EthraTech, Kobol (Spain), Morgana (France), and Roen Est. The company offers related services including consultancy, custom design, testing & commissioning, and technical assistance across multiple countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Refrigeration Systems High-efficiency refrigeration systems using natural CO2 refrigerant designed for commercial applications such as food retail and food service operations.
• Industrial Refrigeration Systems Large-scale CO2-based refrigeration systems engineered for industrial customers with high-capacity cooling and freezing demands.
• Brine and Water-Cooled Chillers Chillers cooled by brine or water solutions using natural CO2 refrigerant for industrial and commercial cooling needs.
• Heat Pumps for Sanitary Hot Water Energy-efficient CO2-based heat pumps positioned as the most energy-efficient solution for sanitary hot water production in commercial and industrial facilities.
• HVAC Chillers Heating, ventilation, and air conditioning chillers using natural CO2 refrigerant for climate control in commercial and industrial buildings.
• Refrigeration Systems for Freezing Tunnels Specialized refrigeration systems using CO2 refrigerant designed for industrial freezing tunnel applications.
• Combined Heating + Refrigeration Systems Integrated CO2-based units that provide both heating and refrigeration from a single system, allowing industrial and commercial sites to recover heat from cooling operations.
• Flooded Chillers First-of-its-kind flooded chiller technology using CO2 refrigerant, introduced by Enex in 2015 for commercial and industrial cooling.
• Mini-Boosters Compact CO2 booster refrigeration units designed for smaller-scale commercial refrigeration applications.
• Consultancy Services Technical consulting services that help commercial and industrial customers identify the right refrigeration and HVAC configuration for their facility.
• Customised Design Services Custom engineering and production of refrigeration and heat pump systems tailored to specific customer load, footprint, and integration requirements.
• Testing & Commissioning Services Functional and high-pressure testing of every refrigeration unit and heat pump before delivery, plus on-site commissioning of installed systems.
• Technical Assistance Services Ongoing after-sales technical assistance delivered by a trained field network across multiple countries, with technicians in direct contact with the factory for service consultation.

Quantifiable outcome

• 1,100,000 MT CO2 equivalent global warming potential saved
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Enex TechnologiescoreOthers · 1 January 2022Enex became a part of Enex Technologies in 2022. Enex Technologies serves as the parent company overseeing Enex and related brands including Kobol Refrigeration, Enex Industrial, Emicon, EthraTech, Kobol, Morgana, and Roen Est.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Dorin Innovation: Italian manufacturer of CO2 (R-744) compressors and condensing units for commercial and industrial refrigeration. Direct comparable in CO2-specific componentry; Enex integrates Dorin compressors in some product lines.
• Frascold: Italian compressor manufacturer with a strong CO2 compressor portfolio for commercial refrigeration. Direct peer in CO2-focused compression and adjacent to Enex in the same Italian HVACR ecosystem.
• Star Refrigeration: UK-based industrial refrigeration engineering firm specializing in low-charge ammonia and CO2 systems, custom design, and turnkey project delivery. Closely comparable to Enex on the industrial / engineered-system side of natural-refrigerant refrigeration.
• Güntner: German-headquartered manufacturer of heat exchangers, condensers, evaporators, and CO2 gas coolers for HVACR applications. Direct peer in CO2 thermal-transfer components that Enex integrates into its chiller and refrigeration systems.
• Bitzer: Global compressor specialist with a dedicated CO2 (transcritical and subcritical) product line for commercial and industrial refrigeration. Comparable on CO2 compressor technology that competes with and feeds into systems like Enex's.
• Mayekawa (Mycom): Japanese-headquartered industrial refrigeration specialist with a long-standing focus on natural refrigerants (NH3 and CO2) for food processing, cold storage, and industrial applications. Most directly comparable peer to Enex in the natural-refrigerant industrial refrigeration niche.

Broad incumbents

• GEA Group: German large-cap engineering group with a Refrigeration Technologies division covering industrial refrigeration, compressors, and heat pumps, including natural-refrigerant offerings. Broad incumbent operating across Enex's addressable industrial refrigeration and heat-pump markets.
• Carrier Commercial Refrigeration: Global refrigeration and HVAC incumbent (Carrier, Carrier Commercial Refrigeration) with a CO2 transcritical refrigeration portfolio. Broad incumbent competitor in commercial refrigeration and integrated HVACR systems.
• Trane Technologies: Global HVAC incumbent (Trane, Thermo King brands) with a growing portfolio of low-GWP and CO2 chillers/heat pumps. Broad incumbent competitor in the commercial/industrial chiller and heat-pump segments where Enex operates.
• Daikin Applied: Applied HVAC arm of Daikin Industries with CO2 and low-GWP chiller offerings for commercial and industrial customers. Broad incumbent comparable on chiller and heat-pump product categories.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCQDcMdEp7udQrzKFexXB6-w
• Facebookfacebook.com/enexsrl
• LinkedInlinkedin.com/company/enex-s-r-l

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries7 records

Funding overview

Funding rounds1 record

Investors4 records

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 Enex