Enova Energy

What Enova Energy does

Enova Energy is a Danish energy solutions provider headquartered in Svinninge, Denmark (Hovedgaden 36, 4520 Svinninge), founded in 2013 and operating with 11-50 employees. The company's offering centered on heat-pump systems (varmepumper) for both residential customers and business/enterprise clients, supplemented by two adjacent products: energy loans (energilån) to finance heat-pump installations, and service agreements (serviceaftaler) for ongoing maintenance of installed systems. Distribution was conducted primarily through a direct-online, self-serve website channel targeting individual consumers and SMBs within a single domestic market. Enova's value proposition combined consultation (rådgivning), professional heat-pump selection guidance, and bundled service to address customer pain points around energy costs, sustainability transitions, and heating solutions. No pricing, revenue figures, patents, certifications, or named customer accounts are publicly disclosed.

In 2024, Enova Energy was merged into Andel Energi, another Danish energy provider, as a natural development of shared goals around helping customers make wise energy choices. The combined entity consolidated Enova's heat-pump, energy-loan, and service-agreement offerings under Andel Energi's platform, with the enova.energy domain now redirecting visitors to andelenergi.dk/varmepumper. Following the merger, Enova Energy is no longer operating as an independent entity; all operations, marketing, and distribution channels are handled through Andel Energi. The acquisition was characterized as a strategic alignment rather than a competitive move, with no disclosed financial terms. Ownership structure prior to the acquisition, leadership team, and financial history are not disclosed in the available source data.

Name

Enova Energy

Legal name

Enova Energy

Website

https://enova.energy

Company type

Private

Founded year

2013

Operating status

Acquired

Headcount range

11–50 employees

Short description

Enova Energy is a Danish energy solutions provider offering heat-pump systems, energy loans, and service agreements to residential and small-business customers. Founded in 2013 and headquartered in Svinninge, it merged into Andel Energi in 2024 and no longer operates independently.

Ownership category

akta.pro rank

Product category

Heat Pump Solutions

NAICS

Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Steam & Air-Conditioning Supply (4961)

akta.pro primary industry

Heat Pumps (Air/Water/Ground Source) (IMAHAKAF)

akta.pro secondary industries

Heat Pump & Smart HVAC Controller Integration (HSAOANAD), Heat Pump Repair & Maintenance (HSAOAHAD), Water Systems & Treatment (Pumps/Boilers/Water Heaters/Filtration) (IMAIABAK)

Keywords

• Heat pump solutions
• Residential heating systems
• Energy efficiency services
• Heat pump installation
• Energy financing services

Headquarters

HQ city

Svinninge

HQ country

Denmark

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure

Distribution channels1 record

Core offering

Enova Energy sold and serviced heat pump (varmepumpe) systems for residential and business customers in Denmark, providing energy-efficient heating and cooling solutions. The company also offered energy loans (energilån) to finance heat pump installations and recurring service agreements (serviceaftaler) for ongoing system maintenance. All offerings are now consolidated under Andel Energi following the 2024 integration.

Product overview

Enova Energy is an energy solutions provider that offers a unified portfolio centered on heat pumps (varmepumper) as its core product, supplemented by energy financing (energilån) and service agreements (serviceaftaler). The company has merged with Andel Energi to provide comprehensive energy-smart solutions, with all offerings now accessible through Andel Energi's platform. Heat pumps serve as the primary product, while energy loans enable customer financing and service agreements provide ongoing maintenance support.

Differentiator

Problem solved

Functional benefit

Products and services

• Heat Pumps (Varmepumper) Energy-efficient heat pump systems for residential and business customers in Denmark, providing heating (and cooling) solutions installed and serviced by Enova Energy / Andel Energi.
• Energy Loans (Energilån) Customer financing product that funds heat pump installations and other energy-efficient upgrades for residential customers in Denmark.
• Service Agreements (Serviceaftaler) Recurring maintenance and service packages for installed heat pump systems, ensuring optimal performance, longevity, and reliability for customers in Denmark.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Andel EnergicoreStrategic or Co-development PartnerEnova Energy has merged with Andel Energi as a natural development of their shared goals to make it easier for customers to make wise energy choices. The companies have combined their strengths to offer better solutions, consultation, and service. All heat pump, energy loan, and service agreement offerings are now consolidated under Andel Energi's platform.

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• Viessmann: German heating and heat pump manufacturer with broad European distribution; competes for the same Danish installation and replacement demand for residential and commercial heat pumps.
• Danfoss: Danish-based manufacturer of heating components and heat pump technology; comparable as a domestic incumbent supplying technologies that underpin Danish heat pump installations.
• NIBE Energy Systems: Swedish heat pump manufacturer with strong Nordic market presence; comparable as an incumbent heat-pump supplier competing for Danish residential and commercial installations.
• Daikin: Global HVAC manufacturer with a strong European heat pump portfolio; directly comparable on heat-pump product offering for residential and commercial customers.
• Bosch Thermotechnology: Global HVAC and heat pump brand; comparable as an established manufacturer supplying residential and commercial heat pump solutions in Northern European markets including Denmark.
• Mitsubishi Electric (Heating): Major air-source and ground-source heat pump manufacturer active across Europe; comparable on product category and target customers in the Danish/Nordic market.

Direct peers

• Andel Energi: Danish energy cooperative that acquired Enova Energy; directly comparable as it now offers heat pumps, energy loans, and service agreements to residential and commercial customers across Denmark.

Regional players

• EWII: Danish energy and fiber utility with growing heat pump and energy-service offerings; comparable as a domestic competitor targeting the same Danish residential and commercial heat-pump customers.
• NRGi: Danish energy company offering heat pumps and energy advisory services; comparable as a domestic peer competing for residential and commercial heat-pump installations in Denmark.

Emerging players

• GreenMatch: Online comparison and lead-generation platform for heat pumps and renewable energy solutions in Europe; comparable as a customer-acquisition channel overlapping with Enova's residential and SMB focus.

Market position

Strengths3 records

Weaknesses3 records

Competitive moat3 records

Key risks4 records

Key highlights4 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 Enova Energy