MVM EGI
MVM EGI Zrt. is a Hungarian engineering subsidiary of state-owned MVM Group that designs and delivers dry, wet, and hybrid cooling systems for power plants, nuclear facilities, and data centers. It serves state-owned utilities and large energy developers internationally through project-based EPC contracts.
- Company typePrivate
- Founded1948
- HeadquartersBudapest, Hungary
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What MVM EGI does
MVM EGI Zrt. is a Budapest-based Hungarian engineering company, established in 1948 and operating as a wholly-owned subsidiary of MVM Group (Magyar Villamos Művek), Hungary's state-owned national energy conglomerate. The company specializes in industrial cooling systems for power generation and heavy industry, with a product portfolio anchored by the proprietary Heller Indirect Dry Cooling Systems, wet cooling towers, and combined wet/dry hybrid cooling solutions. Its specialized offerings extend to emergency cooling systems for nuclear power plants, data center cooling, wet-to-dry conversion retrofits, auxiliary cooling systems, and ash handling systems. The underlying technology is mechanical/thermal engineering rather than digital, with emphasis on water conservation in water-scarce environments and nuclear-grade safety applications.
MVM EGI serves large-scale power-plant operators, state-owned energy utilities, and nuclear infrastructure developers across Central Europe, Central Asia, and North America. Its commercial channels are predominantly direct enterprise sales supplemented by government-to-government engagement, leveraging its position within the MVM Group ecosystem and Hungary's bilateral relationships with international nuclear counterparties. Recent landmark engagements include an MOU with Fermi America for hybrid dry-wet cooling towers supporting an 11-gigawatt private energy grid in Texas (construction 2026, completion 2034), and active technical collaboration with Uzbekistan's Atomic Energy Agency (Uzatom) and Rosatom/Atomstroyexport on Uzbekistan's first nuclear power plant in the Jizzakh region.
The business model is project-based engineering, procurement, and construction (EPC) plus professional services such as feasibility studies, preliminary engineering, and technical consulting for cooling system implementation. Revenue is generated through one-time equipment sales and project contracts priced on a custom quote basis rather than standardized licensing. Customer concentration is high, with revenue visibility tied to a small number of multi-year mega-projects. Pricing is not publicly disclosed and varies per project scope. MVM EGI participated in the World Nuclear Exhibition 2025 as part of its international commercial positioning in the global nuclear new-build market.
MVM EGI firmographics
Firmographics- Name
- MVM EGI
- Legal name
- MVM EGI Zrt.
- Website
- https://mvmegi.com
- Company type
- Private
- Founded year
- 1948
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- MVM EGI Zrt. is a Hungarian engineering subsidiary of state-owned MVM Group that designs and delivers dry, wet, and hybrid cooling systems for power plants, nuclear facilities, and data centers. It serves state-owned utilities and large energy developers internationally through project-based EPC contracts.
- Ownership category
- akta.pro rank
MVM EGI industry classification
Industry- Product category
- Industrial Cooling Systems
- NAICS
- Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (3334), Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Power Boiler and Heat Exchanger Manufacturing (33241)
- 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
- Cooling, Water/Steam Cycle & Balance-of-Plant Retrofits (Condensers, Cooling Towers) (EUAEALAK), Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC), Thermal Power Plant O&M (Coal, Gas, Oil) (EUAEAGAA), Thermal Management & Safety Systems (cooling, fire detection/suppression, venting) (IMAGAHAI)
Keywords
Where MVM EGI is headquartered
LocationHeadquarters
- HQ city
- Budapest
- HQ country
- Hungary
- HQ region
- Europe
Offices1 record
Markets served
MVM EGI business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- Industrial Cooling Systems Sales: Sale and installation of dry cooling systems, wet cooling towers, and hybrid cooling solutions to power plant operators and energy companies. Revenue derived from equipment manufacturing, engineering procurement, and construction contracts for large infrastructure projects.
- Engineering and Technical Services: Technical consulting, preliminary engineering, and feasibility studies for cooling system implementation in energy projects. Includes specialized services for nuclear power plant applications and localization of specialized equipment production.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
MVM EGI product offering
Product offeringCore offering
MVM EGI Zrt. designs, manufactures, and installs industrial cooling systems for power generation and industrial facilities. Its portfolio centers on Heller Indirect Dry Cooling Systems, wet cooling towers, and combined wet/dry hybrid cooling systems, with specialized offerings including data center cooling, wet-to-hybrid retrofits, auxiliary cooling, and emergency cooling systems for nuclear power plants, plus ash handling systems.
Product overview
MVM EGI Zrt is a Hungarian company specializing in industrial cooling solutions and provides a comprehensive portfolio of cooling systems for power generation and industrial applications. The core product offerings include Heller Indirect Dry Cooling Systems, wet cooling towers, and combined wet/dry hybrid systems. The company also provides specialized applications such as data center cooling, wet-dry cooling conversions, auxiliary cooling systems, and emergency coolers for nuclear power plants. Additional offerings include ash handling systems and AS & S products. The company operates as part of the MVM Group and serves both domestic and international markets, including nuclear power plant projects in Uzbekistan and energy campus cooling systems in Texas.
Differentiator
Problem solved
Functional benefit
Products and services
- Heller Indirect Dry Cooling Systems Indirect dry cooling system technology for power plant applications, enabling water-efficient (evaporation-free) cooling for thermal and nuclear power generation facilities.
- Wet Cooling Towers Traditional wet cooling tower systems using evaporative cooling for industrial and power plant applications.
- Combined Wet/Dry Cooling Systems Hybrid cooling systems combining wet and dry cooling technologies for optimized efficiency under varying environmental and load conditions.
- Data Center Cooling Cooling solutions specifically designed for data center thermal management requirements.
- Auxiliary Cooling Systems Supplementary cooling systems for supporting primary cooling operations in various industrial settings.
- Emergency Coolers for Nuclear Power Plants Emergency cooling systems specifically engineered for nuclear power plant safety applications.
- Ash Handling System Systems for managing and processing ash from combustion processes in power generation facilities.
Quantifiable outcome
- Up to 15 billion kWh annually from supported nuclear power installations
- +1 more outcomes
Companies that use MVM EGI
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles2 records
MVM EGI technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
MVM EGI partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- Uzbekistan Atomic Energy Agency (Uzatom)coreMVM EGI Zrt participated in technical discussions with Uzbekistan's Atomic Energy Agency during a working visit to Moscow in July 2026. The discussions focused on dry cooling tower technical issues for Uzbekistan's integrated nuclear power plant project in the Jizzakh region, marking progress in international cooperation on the project.
- Uzbekistan Atomic Energy Agency (Uzatom)coreHigh-level working meeting held between Uzbekistan's Atomic Energy Agency and Hungary's MVM EGI Zrt to discuss contractual and technical framework for Uzbekistan's first nuclear power plant. Discussions focused on implementing MVM EGI's advanced dry cooling technology and exploring opportunities to localize production of specialized nuclear equipment within Uzbekistan.
- Fermi AmericacoreMVM EGI signed an MOU with Fermi America to develop hybrid dry-wet cooling towers for Fermi's 11-gigawatt energy grid project in Texas. The project focuses on water conservation and environmental sustainability, supporting gas and nuclear power units with water-efficient cooling technology. Construction begins in 2026 with completion by 2034.
- Fermi Inc.coreFermi Inc. signed a Memorandum of Understanding with MVM EGI Zrt for a next-generation cooling system at Fermi's energy grid campus in Texas. The project includes preliminary engineering and feasibility studies for hybrid cooling towers supporting natural gas and nuclear units, with construction starting in January and completion expected by 2034.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
MVM EGI competitors and assessment
Company assessmentDirect peers
- EVAPCO: EVAPCO is a US-based global manufacturer of heat transfer and cooling equipment, including dry, closed-circuit, and hybrid coolers used in power generation, process cooling, and data centers. Comparable technology overlap and customer overlap with MVM EGI.
- Hamon Group: Hamon is a Belgian-headquartered specialist in cooling towers and heat exchange equipment for power plants and industrial users, including dry, wet, and hybrid configurations. Directly comparable to MVM EGI in product portfolio and customer base (utilities, EPCs, industrial sites).
- Thermax Limited: Thermax is an Indian-headquartered provider of cooling towers, heat exchangers, and process equipment for power, HVAC, and industrial markets. Comparable to MVM EGI in wet and hybrid cooling towers and power-plant customer base.
- Enexio (Enexio Management): Enexio is a German-based specialist in dry, wet, and hybrid cooling solutions and heat exchangers, with deep power-plant and industrial customer overlap. Notably, MVM EGI's digital asset path references Enexio branding, suggesting heritage linkage. Direct technology and market peer.
- Belleli Energy (Belleli Group / Gruppo Bonomi): Belleli is an Italian engineering and manufacturing firm supplying cooling towers, heat exchangers, and process equipment to power generation and oil & gas customers. Comparable scope in industrial cooling equipment for utility and process applications.
- SPX Cooling Technologies (SPX Technologies): SPX is one of the largest global manufacturers of evaporative, adiabatic, dry, and hybrid cooling towers serving power generation, data centers, and industrial markets. Direct competitor to MVM EGI across wet, dry, and combined cooling tower offerings.
Broad incumbents
- Babcock & Wilcox (B&W): B&W supplies steam generation, cooling, and environmental equipment to power plants and industrial customers worldwide. Overlaps with MVM EGI's heat-transfer and cooling scope for power generation, though B&W operates a much broader power-equipment portfolio.
- GEA Group (Heat Exchangers / Cooling): GEA is a diversified German industrial group supplying heat exchangers, cooling systems, and process equipment to power, food, and process industries. Overlaps with MVM EGI in industrial cooling and heat-transfer equipment, but operates across a much broader portfolio.
- Doosan Enerbility: Doosan Enerbility is a South Korea-based heavy industrial manufacturer supplying turbines, cooling systems, heat exchangers, and full power-plant packages. Broad incumbent with overlapping cooling and power-plant equipment offerings.
Emerging players
- Cipriani Group (Belleli-adjacent power cooling): Cipriani PHE is an Italian manufacturer of plate heat exchangers and packaged cooling/heating systems for power, district energy, and industrial applications. Partial overlap with MVM EGI's heat-transfer and cooling offerings, focused on plate technology.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
MVM EGI social profiles
Digital presenceMVM EGI financial estimates
Financial estimateRevenue estimate
Valuation estimate
MVM EGI leadership team
Management profileNumber of profiles
MVM EGI funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MVM EGI M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MVM EGI
What does MVM EGI do?
MVM EGI Zrt. designs, manufactures, and installs industrial cooling systems for power generation and industrial facilities. Its portfolio centers on Heller Indirect Dry Cooling Systems, wet cooling towers, and combined wet/dry hybrid cooling systems, with specialized offerings including data center cooling, wet-to-hybrid retrofits, auxiliary cooling, and emergency cooling systems for nuclear power plants, plus ash handling systems.
Is MVM EGI a public or private company?
MVM EGI is a private company. It is classified as state government owned and is currently operating.
When was MVM EGI founded?
MVM EGI was founded in 1948. It employs 51 to 100 people.
Where is MVM EGI based?
MVM EGI is headquartered in Budapest, Hungary, in the Europe region.
How does MVM EGI make money?
Two revenue lines are on record. Industrial Cooling Systems Sales are the primary driver. The others are engineering and Technical Services.
Who are MVM EGI's main competitors?
Direct peers on record are EVAPCO, Hamon Group, Thermax Limited, Enexio (Enexio Management), Belleli Energy (Belleli Group / Gruppo Bonomi) and SPX Cooling Technologies (SPX Technologies). Broad incumbents are Babcock & Wilcox (B&W), GEA Group (Heat Exchangers / Cooling) and Doosan Enerbility. Cipriani Group (Belleli-adjacent power cooling) is listed as an emerging player.
Does MVM EGI have an API?
No public API is recorded for MVM EGI.
What industry is MVM EGI in?
MVM EGI's product category is Industrial Cooling Systems. Its primary akta.pro industry code is IMAHAKAE, Chillers & Cooling Plant Equipment, with a secondary code of EUAEALAK, Cooling, Water/Steam Cycle & Balance-of-Plant Retrofits (Condensers, Cooling Towers). Its NAICS code is 3334 and its SIC code is 3585.