ICPE

What ICPE does

ICPE SA is a Romanian public limited company (societate pe acțiuni) and electrotechnical research institute founded in 1950 in Bucharest. It conducts applied research, development, and manufacturing of specialized electric machines — including servomotors, linear motors, torque motors, and brushless motors — as well as electric apparatus (notably vacuum switching technology), special electric cables, and energy solutions. The institute maintains in-house metrology and testing capabilities that allow it to operate across the full R&D-to-pilot-production value chain.

The company's customers span industrial OEMs, the energy sector, the space industry (notably as an ESA-accredited partner supplying components to primes such as Thales Alenia Space and SABCA), and academic and research institutions (e.g., COMOTI, Technical University of Cluj-Napoca). Product lines include the AMFLY and DISEP flywheel energy storage systems, the PVADIP-C cloud-based photovoltaic diagnostic platform, the eTEACHER automation system, and renewable energy installations including solar parks.

ICPE's revenue model combines custom low-volume hardware sales, R&D and consulting services, ESA and government contracts, EU-funded research projects (Horizon 2020, ERA-NET), metrology and testing services, and rental income from renewable energy assets. Its go-to-market relies on project-based tendering, consortium partnerships, and participation in Romanian industry clusters including AVER and goElectric, with diversification across industrial, aerospace, energy, and increasingly critical infrastructure (banking, medical, data centers) end-markets.

Name

ICPE

Legal name

ICPE SA

Website

https://icpe.ro

Company type

Private

Founded year

1950

Operating status

Operating

Headcount range

101–250 employees

Short description

ICPE SA is a Romanian electrotechnical research institute, founded in 1950, that develops and manufactures specialized electric machines, space-qualified components for ESA, flywheel energy storage systems, and renewable energy solutions for industrial, aerospace, energy, and critical infrastructure clients.

Ownership category

akta.pro rank

Product category

Special Electric Machines and Apparatus

NAICS

Switchgear and Switchboard Apparatus Manufacturing (335313)

SIC

Electrical Industrial Apparatus (3620), Switchgear & Switchboard Apparatus (3613)

akta.pro primary industry

Instrumentation, Controls & Automation Engineering Consulting (BPAHAIAM)

akta.pro secondary industry

Industrial Controllers & Control Systems (PLCs, PACs, CNC Controllers) (IMAHAHAH)

Keywords

• Special electric machines
• Space-grade electromechanical components
• Flywheel energy storage systems
• Electric mobility solutions
• Electrotechnical research services

Headquarters

HQ city

Bucharest

HQ country

Romania

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Research and Development Services: Contract research and development services for industrial partners, government programs, and international research consortia. ICPE participates in EU-funded projects (Horizon 2020, ERA-NET, ESA) and national research programs.
2. Electric Equipment Manufacturing: Manufacturing and sale of specialized electric machines, apparatus, switchgear, and cables to industrial OEM customers and energy sector clients.
3. Space Technology Products: Development and supply of electromechanical components and gyroscopic systems for ESA programs and international space industry partners.
4. Solar Park Rental: Rental of spaces at the ICPE Solar Park facility, providing easy access to solar infrastructure for renewable energy operations.
5. Metrology Services: Calibration and measurement services through the metrology division, providing testing and certification for electrical equipment.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

ICPE is a Romanian research institute and industrial manufacturer that designs, develops, and produces specialized electric machines (servomotors, linear motors, direct drive torque motors, brushless motors, stepper motors, resolvers), electric apparatus (vacuum contactors and switchgear), special electric cables, energy products (solar PV, wind, biomass, biogas), space-qualified electromechanical components (reaction wheels, gyroscopic systems, torque motors), and electric mobility systems. The company also provides metrology/calibration services, contract R&D services for EU/ESA programs, and flywheel-based energy storage solutions.

Product overview

ICPE is a Romanian research institute offering a diverse portfolio of electrotechnical products and services. The core offerings include Special Electric Machines (servomotors, linear motors, torque motors, brushless motors, stepper motors, resolvers), Electric Apparatus (switchgear, vacuum contactors), Special Electric Cables (high-performance insulated cables), Energy products (solar photovoltaic, wind, biomass, biogas systems), and Metrology services. The company also operates specialized programs in Electric Mobility (vehicle conversions, battery swap technology) and Space Technology (reaction wheels, torque motors, gyroscopic systems for satellites). Notable products include the DISEP Flywheel Energy Storage System for microgrid protection and the PVADIP-C cloud platform for PV prosumer optimization. Services include solar park rental spaces and technical publishing through Electra Publishing House.

Differentiator

Problem solved

Functional benefit

Brands

• go electric: A network of firms created to concentrate efforts for the development and implementation of electric mobility concepts in the Bucharest-Ilfov region, consisting of research organizations, SMEs, NGOs, and universities.

Products and services

• Special Electric Machines

Quantifiable outcome

• Flywheel energy storage system achieves P = 2kW with discharge time td = 10 minutes
• +1 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature5 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Institutul Național De Cercetare-Dezvoltare Pentru Inginerie Electrică ICPE-CA BucureșticoreStrategic or Co-development Partner · 21 June 2022Partner in DISEP project for inertial energy storage device development. ICPE-CA contributes expertise in electrical engineering research and development for the microgrid protection system.
• Universitatea Tehnică din Cluj-Napoca (UTCN)coreStrategic or Co-development Partner · 16 December 2020Primary research partner in multiple projects including URBIVEL2 (multiphysics analysis of electric motors) and DISEP (flywheel energy storage). UTCN is consortium partner in INTERACT H2020 project. ICPE collaborates with UTCN for joint R&D activities, doctoral programs, and technology transfer in electrical engineering.
• EPRA (Turkey)coreStrategic or Co-development Partner · 9 November 2020International partner in PVADIP-C project (Cloud-based analysis and diagnosis platform for PV prosumers) under ERA NET MANUNET. EPRA brings prosumer perspective to the collaborative development of PV analysis solutions.
• USN (Norway)coreStrategic or Co-development Partner · 9 November 2020International partner in PVADIP-C project bringing Norwegian expertise to the cloud-based PV analysis platform development. The consortium includes face-to-face meetings and workshops between ICPE, EPRA, and USN.
• COMOTI (Romania)minorImplementation/ SI/ Consulting Partner · 3 February 2020Sub-contractor in AMFLY project for advanced manufacturing of flywheel using selective laser melting technology. COMOTI supports additive manufacturing capabilities for space applications.
• Siemens Industry Software NV (Belgium)minorStrategic or Co-development Partner · 1 January 2017Industrial partner in H2020 INTERACT project for European Industrial Doctorate on sustainable automotive electrical actuation. Siemens contributes software and industry expertise.
• Brose Fahrzeugteile GmbH (Germany)minorStrategic or Co-development Partner · 1 January 2017Industrial partner in H2020 INTERACT project bringing automotive component manufacturing expertise to the doctoral training consortium.
• Université Libre de Bruxelles (Belgium)minorStrategic or Co-development Partner · 1 January 2017Academic partner in H2020 INTERACT project contributing research expertise in sustainable automotive electrical actuation.
• goElectric ClustercoreStrategic or Co-development Partner · 1 January 2016ICPE is founding member of goElectric network of companies focused on developing and implementing electric mobility concepts in Bucharest-Ilfov region. The cluster includes research organizations, SMEs, NGOs, and universities promoting electric vehicles.
• AVER - Asociația pentru Promovarea Vehiculelor Electrice în RomâniacoreStrategic or Co-development Partner · 1 January 2015ICPE is founding member of AVER, the Association for Promotion of Electric Vehicles in Romania. AVER became the only Romanian entity member of European Association for electromobility (AVERE) and World Association of Electric Vehicles (WEVA). ICPE supports AVER's electric mobility promotion activities.
• Scanner SRL (Italy)minorStrategic or Co-development Partner · 1 January 2011Project coordinator for ECOBOAT project - eco-compatible boat with hybrid propulsion system. Scanner SRL leads the international consortium developing innovative maritime electric propulsion.
• Pars Makina Ltd. (Turkey)minorStrategic or Co-development Partner · 1 January 2011Partner in ECOBOAT project bringing Turkish SME expertise to the eco-compatible boat development consortium.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Siemens: Diversified industrial technology company offering motors, switchgear, industrial automation, and energy solutions — overlapping categories where ICPE competes, while also being an H2020 INTERACT consortium partner alongside ICPE.
• Schneider Electric: Global specialist in switchgear, motor control, and industrial control products. Highly comparable to ICPE's Electric Apparatus line (vacuum contactors, switchgear) and shares exposure to industrial OEM customers.
• ABB: Global industrial conglomerate with a large electric motors and drives portfolio and a leading switchgear and electrical apparatus business. Overlaps with ICPE's Special Electric Machines and Electric Apparatus divisions, though at vastly larger scale and broader product range.

Direct peers

• Nidec Corporation: Japanese motor manufacturer spanning industrial, appliance, and automotive motors. Comparable in the special/brushless motor space where ICPE supplies custom-engineered rotating machines.
• WEG: Brazilian-based global manufacturer of electric motors, generators, and motor control products. Direct competitor in the special/industrial electric motor category where ICPE sells servomotors, torque motors, and brushless machines.
• Beyond Gravity (formerly RUAG Space): European supplier of space mechanisms including reaction wheels, gyroscopes, and electromechanical subsystems — closely overlapping with ICPE's Space Program offering of reaction wheels, gyroscopic systems, and space-qualified motors.
• Moog Inc. Global designer and manufacturer of high-performance precision motion control products, including space-qualified motors, resolvers, and electromechanical components — comparable to ICPE's space and special electric machines portfolio.
• SENER Aeroespacial: European supplier of space mechanisms, including reaction wheels and electromechanical actuators for ESA missions — closely comparable to ICPE's Space Program line delivering reaction wheels, gyros, and deployment mechanisms.

Regional players

• COMOTI (Romanian Research Institute for Motors): Romanian research and development institute focused on motors and electromechanical equipment, and an ICPE partner in the AMFLY flywheel additive manufacturing project — directly comparable R&D scope in the same national ecosystem.

Others

• VTT Technical Research Centre of Finland: State-owned European applied research organization providing contract R&D across industrial and energy domains — comparable to ICPE as a publicly-aligned, multi-disciplinary R&D and engineering institution with EU-project funding exposure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/icpe_ro
• Facebookfacebook.com/icpe.go.electric
• LinkedInlinkedin.com/company/icpe-romania

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 ICPE