What M Energy does

M Energy is a privately held Thessaloniki-based energy solutions contractor operating in Greece since at least 2014 (with website copyright dated 2014-2024). The firm specializes in the design, supply, installation, and maintenance of residential, commercial, and institutional energy systems, with its core offering centered on natural gas boiler installations (using BAXI, Fondital, Vaillant, and BIASI condensing boilers), complemented by heat pumps, photovoltaic systems (using Fronius, Huawei, and Luxor equipment), solar thermal water heaters, air conditioning (GREE, BAXI Clima with inverter technology), and underfloor heating.

The company operates as a one-stop integrator rather than an equipment manufacturer, bundling certified installation (ISO 2008 certified) with 10-year warranties on gas installations, government-subsidy application support under the Exoikonomo and pvstegi.gov.gr programs, and financing arrangements up to 72 installments. Its service catalog spans project-based installations priced from €1,240 (boiler replacement) to €1,490 (complete gas package), recurring maintenance subscriptions at €6.20/month, energy consulting and energy performance certificates, and bundled utility contracts through a partnership with ZENITH (EPA Thessalonikis).

M Energy serves three core segments: residential homeowners in the Thessaloniki metro (primary, target of promotional pricing and government subsidy programs), commercial properties (hotels, restaurants), and government/institutional clients (hospitals, police stations, municipalities, schools, nonprofits) across Thessaloniki and the broader Macedonia region. Distribution is direct-to-consumer via field sales with free site assessments by licensed mechanical engineers, supplemented by phone and online booking. The company is the official Fronius Sales & Service Partner for Greece, and serves as an authorized installer for multiple international equipment brands.

Name

M Energy

Legal name

M-Energy

Website

https://m-energy.gr

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

M Energy is a privately held Thessaloniki-based contractor that designs, installs, and maintains natural gas boilers, heat pumps, photovoltaic systems, solar thermal, and HVAC for residential, commercial, and government clients in northern Greece.

Ownership category

akta.pro rank

Product category

Energy Systems Installation and Services

NAICS

Steam and Air-Conditioning Supply (221330)

SIC

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

akta.pro primary industry

Renewable Energy Asset O&M (Wind, Solar, Hydro, Geothermal) (EUAEAGAB)

Keywords

• Natural gas installation
• Photovoltaic systems
• Solar thermal heating
• Heat pump solutions
• HVAC maintenance services

Headquarters

HQ city

Thessaloníki

HQ country

Greece

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Equipment Sales: Sales of boilers (BAXI, Fondital, Vaillant, Biasi), air conditioning units (GREE), solar thermal systems, photovoltaic panels, heat pumps, thermostats, and accessories
2. Installation Services: Installation of natural gas systems, solar systems, PV systems, heat pumps, underfloor heating with project-based pricing and financing options up to 72 installments
3. Maintenance and Service Contracts: Annual maintenance programs for gas boilers and air conditioning, including emergency repairs and priority service
4. Energy Consulting: Energy efficiency consulting, building energy certification (ΠΕΑ), and assistance with government subsidy programs like 'Exoikonomo'

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

M Energy sells, installs, and maintains residential and light-commercial energy systems in the Thessaloniki area, with its core offering being natural gas boiler installations (BAXI, Fondital, Vaillant, BIASI). The portfolio is extended with photovoltaic systems with net metering, solar thermal water heaters, heat pumps, inverter air conditioning, and underfloor heating, supported by annual maintenance contracts and energy consulting for government subsidy programs such as 'Exoikonomo'.

Product overview

M Energy operates as an integrated energy solutions provider offering a comprehensive portfolio of products and services for residential, commercial, and industrial customers in Greece. The core offering centers on natural gas boiler systems (featuring BAXI, Fondital, BIASI, and Vaillant brands), complemented by renewable energy systems including photovoltaic installations with Fronius/Huawei/Luxor equipment and solar thermal products. Additional product lines include heat pumps for efficient heating/cooling, air conditioning (GREE, BAXI Clima), underfloor heating, and smart thermostats. Services encompass installation, maintenance, energy consulting, and government subsidy programs. The company serves as an official Fronius Sales & Service Partner for Greece.

Differentiator

Problem solved

Functional benefit

Products and services

• Natural Gas Boiler Installation (Φυσικό Αέριο - Λέβητες) Complete natural gas installation package including wall-mounted condensing boilers from BAXI (Luna Duo-Tech+, Duo-tec Compact+, Luna Platinum+, Luna Classic), Fondital (ANTEA NEXT, FORMENTERA KC, TENERIFE KC), BIASI (RinNova COND X E, Recupera DGT), and Vaillant (ecoTEC VUW Pure, ecoTEC VUW Pro). Includes ISO-2008 certified installation, 10-year warranty on boiler and installation, ZENITH gas supply contract coordination, and financing up to 72 installments. Targeted at residential and light-commercial customers.
• Heat Pump Systems (Αντλίες Θερμότητας) Heat pump systems for residential heating and cooling that can be combined with photovoltaic systems to achieve near-complete independence from grid electricity and fossil fuels. The company cites NTUA study findings of 60-70% energy savings versus oil or electric boilers. Targeted at homeowners and small commercial customers seeking energy efficiency upgrades.
• Photovoltaic Systems (Φωτοβολταϊκά Συστήματα) Grid-connected photovoltaic systems with net metering and battery storage options. Includes rooftop systems (eligible for pvstegi.gov.gr program), industrial rooftop systems, and solar parks. Equipment sourced from Fronius (M Energy is the official Sales & Service Partner for Greece), Huawei (inverters and batteries), and Luxor (solar panels). System sizes from 4.3kW to 7.2kW for residential applications.
• Solar Thermal Systems (Ηλιακοί Θερμοσίφωνες) Solar water heating systems with selective absorbers, glass-lined boilers, and heat exchange technology for year-round hot water production. Models include HELIOS SOLAR TITANIUM GLASS (NEW HOUSE) with 120L-300L boilers and 1.50m²-2.50m² collectors; NOBEL Classic and NOBEL Aelios in GLASS or INOX versions with dual or triple energy ratings; and BARTEC with 150L-300L capacity. Targeted at residential and commercial customers.
• Air Conditioning Systems (Κλιματισμός) Inverter air conditioning units from GREE (Cozy DC Inverter, Change DC Inverter, Hansol Super DC Inverter — all A+++ energy rated) and BAXI Luna Clima (A++ cooling, A+++ heating) using R410A refrigerant. Features include G10 Inverter technology, Cold Plasma air purification, and WiFi control. Targeted at residential and commercial cooling customers.
• Underfloor Heating (Ενδοδαπέδια Θέρμανση) Hydronic underfloor heating systems for residential and commercial buildings, providing efficient low-temperature heating. Sold and installed as a complete system by M Energy.
• Service & Maintenance (Service & Συντήρηση) Maintenance, repair, and certification services for gas boilers, air conditioning units, photovoltaic systems, and solar thermal systems. Includes annual maintenance contracts (6.2€/month for gas boiler maintenance), leak certification, emergency repair, protective boiler cover, and priority service. Targeted at all customers who have installed equipment through M Energy or need third-party servicing in the Thessaloniki area.
• Energy Saving Services (Υπηρεσίες Εξοικονόμησης Ενέργειας) Energy consulting services including energy performance certificates, LED lighting replacement, and end-to-end assistance with the 'Exoikonomo-Avtonomo' government subsidy program covering up to 70% of energy efficiency upgrade costs. Targeted at residential and commercial customers seeking to subsidize energy renovations.

Quantifiable outcome

• Heat pumps save 60-70% compared to oil or electric boilers
• +3 more outcomes

Named customers15 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core.

• ZENITH (ΖΕΝΙΘ)coreChannel Partner/ Reseller/ DistributorPartnership with ZENITH (ΕΠΑ Θεσσαλονίκης) for natural gas and electricity supply contracts. M Energy facilitates contract signing for customers and provides bundled offerings including installation and utility contracts.
• FroniuscoreTechnology or IntegrationOfficial Sales & Service Partner of Fronius for Greece. Provides Fronius inverters for photovoltaic installations with modular design philosophy and reliable operation.
• BAXIcoreTechnology or IntegrationPreferred boiler supplier offering condensing boilers with efficiency up to 109.8%. Provides extended warranties through M-Energy installation programs.
• FONDITALcoreTechnology or IntegrationItalian boiler manufacturer with ANTEA, FORMENTERA, and TENERIFE models. Preferred supplier with competitive pricing in bundled installation packages.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Daikin: Global HVAC leader offering residential and commercial heating/cooling systems (heat pumps, air conditioning). Directly competes with M Energy's heat pump and AC product lines through dealer/installer networks, but operates at vastly larger scale and a multi-national footprint.
• Ariston Group: Italian multinational offering heating, water heating, and renewable energy (heat pumps, solar thermal) systems under Ariston, ELCO, and Chaffoteaux brands. Competes head-on with M Energy's residential heating portfolio across Mediterranean markets.
• Mitsubishi Electric: Global manufacturer of air-conditioning and heat pump systems (Mr. Slim, Ecodan). Competes with M Energy's cooling and heat pump product lines via authorized dealer networks in Europe.
• Vaillant: German heating systems manufacturer (ecoTEC boilers) that is both a supplier partner and broader competitor of M Energy. Sells condensing boilers and integrated heating solutions through national installer networks across Europe, including Greece.
• Bosch Thermotechnology: Division of Bosch offering heating, hot water, and air-conditioning solutions (including Junkers and Buderus brands). Competes directly with M Energy's boiler and HVAC portfolio through certified installer programs across Europe.
• Viessmann: German manufacturer of heating, industrial and refrigeration systems, including heat pumps and condensing boilers. Provides similar integrated energy solutions to M Energy's product set through its partner installer network.
• Carrier: Global HVAC and refrigeration giant providing residential and commercial cooling, heating, and energy solutions. A broad competitor in the AC and integrated comfort segment where M Energy also operates.
• BAXI (BDR Thermea Group): UK/Spanish boiler brand owned by BDR Thermea Group, supplying the condensing boilers (Luna series) that M Energy installs. A supplier/partner but also competes via its own installer network for residential heating customers.

Direct peers

• Petrogaz: Greek LPG and natural gas systems installer explicitly referenced on M Energy's website for LPG installation work. Operates in the same Thessaloniki and broader Greek market with overlapping gas/heating installation offerings to residential and small commercial customers.

Others

• Fronius: Austrian manufacturer of solar energy (PV inverters) and welding equipment. Functions as M Energy's key upstream supplier (M Energy is its official Sales & Service Partner for Greece) rather than a direct competitor, but is a critical ecosystem player whose product roadmap shapes M Energy's PV business.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/menergypower.gr

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 M Energy