Euro Therm

What Euro Therm does

Euro Therm A/S is a Danish designer, manufacturer, and servicer of biomass energy systems, founded in 1948 (originally as Jydsk Varmekedelfabrik) and headquartered since November 2024 in Skanderborg, with production facilities retained in Brabrand near Aarhus. The company builds wood chip boilers (4-12 MW), straw boilers, electric boilers (up to 60 MW), absorption and mechanical heat pumps, Organic Rankine Cycle (ORC) electricity modules, and flue gas treatment systems including electrostatic precipitators, bag filters, multicyclones, and flue gas condensation. Proprietary in-house components include water-cooled step grates, chip feeders, and integrated control systems, supported by a 10 MW test facility established in 2013 in collaboration with FORCE and Halsnæs Forsyning. Efficiency rates are documented above 90% on dry fuels and above 125% when combined with absorption heat pumps.

The company sells primarily to Danish district heating utilities (fjernvarmeværker) and a smaller set of industrial customers (e.g., Viking Malt), executing projects through public tenders and direct technical consultation. Revenue is generated through turnkey equipment sales, recurring Basic and Support Plus service contracts (annual billing, extended warranty up to 10 years), and regulatory-driven retrofits, particularly electrostatic precipitators installed to meet emission limits effective December 31, 2024. Distribution is exclusively direct enterprise sales led by a sales manager and supported by in-house field service technicians; marketing relies on project case studies, news updates, and open-house industry events rather than digital channels.

Euro Therm has delivered more than 140 plants in Denmark and abroad, was acquired in 2019 by Justsen Energiteknik A/S (its current parent), and operates as a privately held subsidiary. Notable firsts include Denmark's first wood chip-fired ORC plant delivered in 2012 and the world's most energy-efficient district heating plant combining biomass, ORC, CSP solar thermal, and heat pumps at Forsyning Brønderslev (2x10 MW).

Name

Euro Therm

Legal name

Euro Therm A/S

Website

https://eurotherm.dk

Company type

Private

Founded year

1948

Operating status

Operating

Headcount range

1–10 employees

Short description

Euro Therm A/S is a Danish manufacturer and servicer of biomass boiler systems (wood chip, straw, electric) and complementary modules (ORC, heat pumps, electrostatic precipitators) serving primarily Danish district heating utilities and selected industrial customers, with more than 140 plants delivered since 1948.

Ownership category

akta.pro rank

Product category

Biomass Energy Systems

NAICS

Biomass Electric Power Generation (221117), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414), Turbine and Turbine Generator Set Units Manufacturing (333611), Steam and Air-Conditioning Supply (221330)

SIC

Cogeneration Services & Small Power Producers (4991), Heating Equipment, Except Electric & Warm Air Furnaces (3433)

akta.pro primary industry

Biomass CHP & Cogeneration Plants (Industrial & Utility) (EUAAAGAA)

akta.pro secondary industries

District Energy Biomass Plants (Heating Networks) (EUAAAGAB), Biomass Plant EPC & Integration (Design/Build, Balance of Plant) (EUAAAGAH), Biomass Plant Operations, Maintenance & Performance Services (O&M) (EUAAAGAI), Biomass Combustion & Boiler Island Technology (Grates, Fluidized Bed, Burners) (EUAAAGAG), Heat Recovery & Thermal Integration for Biomass Plants (Economizers, ORC, Heat Exchangers) (EUAAAGAL)

Keywords

• Biomass boiler systems
• District heating plants
• Wood chip boilers
• Flue gas treatment
• Combined heat and power

Headquarters

HQ city

Tranbjerg

HQ country

Denmark

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Biomass Boiler Systems Sales: Design, manufacture, and installation of complete biomass energy plants including chip boilers, straw boilers, and electric boilers. Revenue from turnkey projects and individual component sales.
2. Service Contracts and After-Sales: Ongoing service contracts including Basic Support Agreement (free phone support, spare parts availability, 5% discount on parts and labor) and Support Plus Agreement (two annual plant visits, extended warranty up to 10 years). Recurring revenue from service relationships.
3. Upgrades and Retrofits: Supply and installation of upgrades such as electrostatic precipitators for existing plants to meet new emission requirements (2025), life extension projects, and modernization work.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Euro Therm designs, manufactures, installs, and services biomass energy plants primarily for Danish district heating utilities and industrial customers. Core offerings include wood chip and straw boilers (4–12 MW), electric boilers (up to 60 MW), absorption and mechanical heat pumps, ORC electricity units, and flue gas cleaning systems (electrostatic precipitators, bag filters, multicyclones, flue gas condensation). The company delivers complete turnkey plants and supports them through multi-tier annual service contracts.

Product overview

Euro Therm delivers green energy solutions for district heating and industry based on biomass plants, electric boilers, and heat pumps with solutions customized to specific needs. The company's core products are biomass boilers (wood chip and straw boilers) that serve as the foundation for heating systems, with add-on modules including ORC electricity-producing units, absorption and mechanical heat pumps, and various flue gas treatment systems (electrostatic precipitators, bag filters, multicyclones, and flue gas condensation). The product portfolio also includes electric boilers for peak load and grid balancing applications. More than 140 plants in Denmark and internationally demonstrate extensive experience across all aspects of environmentally friendly district heating. The company operates in close collaboration with international knowledge centers to deliver future-proof systems with high efficiency for all types of biomass.

Differentiator

Problem solved

Functional benefit

Products and services

• Fliskedel (Wood Chip Boiler)
• Halmkedel (Straw Boiler)
• Elkedel (Electric Boiler)
• ORC-anlæg (Organic Rankine Cycle)
• Varmepumper (Heat Pumps)
• Elektrofilter/ESP (Electrostatic Precipitator)
• Røggaskondensering (Flue Gas Condensation)
• Service og Vedligeholdelse (Service and Maintenance Agreements)

Quantifiable outcome

• Efficiency rates >90% with dry fuels, >125% when combined with absorption heat pumps
• +3 more outcomes

Named customers10 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• Justsen Energiteknik A/ScoreOthers · 1 January 2019Euro Therm was acquired by Justsen Energiteknik A/S in 2019. The two companies moved together to new headquarters in Skanderborg in November 2024. Justsen Energiteknik is Euro Therm's parent company.

Scale indicators2 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Justsen Energiteknik A/S: Parent company of Euro Therm and a Danish specialist in straw-fired biomass boiler plants for district heating. Directly comparable as a fellow Danish biomass boiler manufacturer targeting the same fjernvarme customer base, with overlapping straw and wood chip boiler product lines.
• Linka (Danstoker): Danish biomass boiler manufacturer producing wood-chip and straw-fired plants for district heating across Scandinavia and Europe. Closely comparable in product scope (chip and straw boilers) and target customers (Scandinavian fjernvarme utilities).
• Aalborg Energie Technik (AET): Danish specialist in biomass and CFB (circulating fluidized bed) boiler plants for district heating and CHP. Directly competes with Euro Therm on biomass-fired boiler systems for European district heating customers, with comparable MW-scale project references.

Regional players

• Hurst Boiler & Welding Co. North American manufacturer of biomass and solid-fuel boilers for industrial and district heating applications. Comparable product portfolio (biomass-fired boilers, flue-gas treatment), though primarily serves a different geography (US/Canada) than Euro Therm's Danish focus.

Emerging players

• POLZENITH Energy Systems: European biomass boiler and ORC system integrator focused on combined heat and power applications. Overlaps with Euro Therm on biomass-fired CHP and ORC integration for district-scale customers.
• DP CleanTech: Supplier of biomass gasification and combined heat and power systems for industrial and district heating customers. Operates in adjacent biomass-to-energy space with overlapping fjernvarme-adjacent customer profile.

Broad incumbents

• Babcock & Wilcox Vølund: B&W Vølund is a Danish-headquartered biomass and waste-to-energy boiler manufacturer with roots in the same Danish ecosystem as Euro Therm. Competes in the same biomass-fired boiler segment for district heating and CHP applications across Europe.
• ANDRITZ (Biofuel & Power): Global supplier of biomass-fired boiler plants, including bubbling fluidized bed (BFB) and CFB technologies for power and district heating. Comparable at the technology and project scale level for biomass-fired steam generation, though at a much larger scope than Euro Therm.
• Valmet (formerly Weiss A/S): Valmet acquired the Danish biomass boiler specialist Weiss and now offers large-scale biomass and waste-fired boiler plants globally. Comparable as a direct competitor in biomass-fired boiler systems for district heating, with broader scale and global reach than Euro Therm.

Others

• SaveEnergy (Switzerland): Swiss electrostatic precipitator specialist and existing Euro Therm technology partner for ESP installations on biomass district heating plants. Adjacent supplier with directly comparable flue-gas treatment applications on the same installed base.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/euro-therm-a-s

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

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 Euro Therm