What Energy Net does

Energy Net d.o.o. is a Serbia-headquartered integrated energy solutions provider founded in 1991 and headquartered at Temerinska 111, Novi Sad. The company supplies, installs, and services HVAC, renewable energy, and building-automation systems for residential, commercial, industrial, and public-sector customers across Serbia, with selective regional activity in Croatia and adjacent markets. Its product portfolio spans heat pumps, air conditioners (under the Gree and Bergen brands), gas and biomass boilers, underfloor heating, solar PV and storage, EV charging (INVT), ventilation, building management systems (BMS), and premium interior finishes (exclusive Porcelanosa distribution). Adjacent offerings include energy audits, monitoring, and decarbonization advisory through the Advise Institute subsidiary.

The company operates a multi-channel go-to-market combining consultative direct sales for enterprise and public-sector projects, a national distributor and installer network, architect and designer partnerships, exclusive physical showrooms, and the Energy Care subscription platform that bundles device, installation, 5-year warranty, and ongoing support for residential customers in Belgrade and Novi Sad. Revenue streams combine hardware sales, installation services, recurring maintenance and support contracts, and consulting fees. The Air Solution subsidiary manufactures ventilation ductwork in-house using automated spiro and induction welding equipment, and the Good Energy Foundation funds scholarships and robotics competitions as a CSR and ecosystem-building layer.

Strategically, Energy Net has shifted from a traditional equipment distributor toward an integrated, sustainability-positioned solutions model. Recent moves include the 2025 LEED Gold certification of its headquarters, the 2025 cooperation agreement with Swegon and Securitas on the Elleven Office Building project under Swedish Embassy patronage, the 2024 launch of INVT EV chargers, the 2026 Energy Care platform rollout, and manufacturing capacity expansion in Air Solution. The company remains privately held and Serbian-focused, with no disclosed external funding rounds.

Name

Energy Net

Legal name

ENERGY NET d.o.o.

Website

https://energynet.rs

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

251–500 employees

Short description

Energy Net is a Serbian integrated energy solutions provider founded in 1991, supplying, installing, and servicing HVAC, heat pumps, renewables, EV chargers, and building-automation systems for residential, commercial, and public-sector customers across Serbia.

Ownership category

akta.pro rank

Product category

HVAC and Energy Management Solutions

NAICS

Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Industrial and Commercial Fan and Blower and Air Purification Equipment Manufacturing (333413)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Industrial & Commercial Fans & Blowers & Air Purifing Equip (3564)

akta.pro primary industry

HVAC Equipment (Heating, Cooling & Air Handling) (IMAHAKAB)

akta.pro secondary industries

HVAC Service, Maintenance & Repair (BPABACAA), HVAC Controls & Optimization (Smart Thermostats, VAV, Chillers/Boilers Controls) (BPABAGAB), HVAC & Industrial Ventilation (Chillers, AHUs, Exhaust, Filtration) (EUAEAFAE)

Keywords

• HVAC solutions
• Heat pumps
• Energy management
• Renewable energy systems
• Solar power plants

Headquarters

HQ city

Novi Sad

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. HVAC Equipment Sales: Sale of heating, cooling, ventilation equipment including heat pumps, air conditioners, gas boilers, solar panels, electric chargers, and related components. Products include brands like Gree, Bergen, and proprietary solutions.
2. Installation Services: Professional installation of HVAC systems, solar power plants, and energy management solutions. Includes organized and professional installation as part of Energy Care platform offering.
3. Maintenance and Support: Ongoing maintenance, servicing, and modernization of HVAC systems. Includes warranty support, repairs, and system optimization services.
4. Energy Care Platform: Subscription-style model with unified pricing that includes device, installation, and multi-year care. Currently serving Belgrade and Novi Sad areas.
5. Consulting Services: Decarbonization advisory, energy audits, and monitoring services for business clients. Includes ESG consulting through Advise Institute.

Pricing tiers

Go-to-market motion4 records

Distribution channels5 records

Marketing channels7 records

Core offering

Energy Net d.o.o. supplies integrated energy management solutions including HVAC equipment (heat pumps, air conditioners, gas/wood/pellet boilers, radiators, underfloor heating), renewable energy systems (solar panels, battery storage, EV chargers), ventilation and air handling units, smart home automation, and Porcelanosa interior design products for residential and commercial customers in Serbia. The company also delivers professional installation, maintenance, modernization, energy audits, and decarbonization consulting services, complemented by its proprietary Energy Care subscription platform bundling device, installation, warranty, and ongoing support.

Product overview

Energy Net is an HVAC and energy solutions company operating across residential and commercial segments in Serbia. The product portfolio includes heating solutions (heat pumps, gas/pellet/wood boilers, underfloor heating, radiators), cooling (air conditioners), renewable energy (solar panels, storage, EV chargers), ventilation, smart home automation, and interior design (Porcelanosa). Business solutions encompass integrated energy management, energy audits, decarbonization consulting, solar power plants, commercial HVAC (air handling units, air distribution, BMS), and system maintenance. Key brands distributed include Gree and Bergen (HVAC), Swegon (air handling), INVT (EV chargers), and Porcelanosa (interior). The company operates manufacturing (Air Solution ventilation ducts) and consulting (Advise Institute) subsidiaries, plus the Energy Care subscription platform for simplified residential climate solutions. A Good Energy Foundation handles CSR and education initiatives.

Differentiator

Problem solved

Functional benefit

Brands

• Air Solution: Ventilation duct manufacturing company within Energy Net Family, producing high-quality ventilation ducts with state-of-the-art equipment.
• Advise Institute by Energy Net
• Energy Care
• Good Energy Foundation

Products and services

• Heat Pumps Latest-generation energy-efficient heat pumps for residential heating and cooling applications.
• Air Conditioners - Heat Pumps Split and multi-split air conditioning units with AI-powered inverter technology for energy savings and smart climate control.
• Gas Boilers Condensing gas boilers for residential heating applications.
• Wood and Pellet Boilers Biomass boilers using wood pellets or logs as fuel for residential heating.
• Underfloor Heating Hydronic floor heating systems for optimal thermal comfort in residential spaces.
• Radiators Traditional radiator heating solutions for residential applications.
• Solar Panels Photovoltaic solar panel systems for residential renewable energy generation.
• Energy Storage Battery storage solutions for residential energy independence and storage of solar power.
• Electric Chargers (INVT) INVT electric vehicle chargers for residential and commercial charging infrastructure with IP65 protection, 5-meter cables, output power limitation, and a monitoring/management app.
• Ventilation Systems Residential ventilation systems including air handling and recovery units for indoor air quality.
• Smart Home Solutions Smart home automation solutions integrated with HVAC systems for intelligent climate control.
• Interior Design Solutions (Porcelanosa) Exclusive Porcelanosa ceramics, sanitary ware, and flooring offered through Home Concept Porcelanosa showrooms in Belgrade and Novi Sad.
• Integrated Energy Solutions (Business) Comprehensive energy management solutions for commercial, public sector, healthcare, education, and industrial buildings.
• Energy Audit and Monitoring Professional energy audits and continuous monitoring services to identify and track efficiency improvements.
• Decarbonization Advisory Consulting services to help businesses achieve carbon reduction targets and NET ZERO goals by 2030/2050.
• Heat Pumps and Hybrid Systems (Business) Commercial-scale heat pumps and hybrid HVAC systems for business applications.
• Solar Power Plants Large-scale photovoltaic installations for commercial and industrial energy generation.
• Gas Boilers and Generators (Business) Commercial gas boiler systems and power generators for business facilities.
• Air Handling Units (Swegon) Swegon air handling units with efficiency greater than 90% and integrated heat pump technology for commercial ventilation.
• Air Distribution Systems Commercial air distribution systems and ducting solutions for HVAC applications.
• Building Management System (BMS) Building automation and control systems for centralized management of HVAC and energy systems.
• System Maintenance and Modernization Ongoing maintenance, commissioning, and modernization services for existing HVAC systems.
• Energy Care Platform

Quantifiable outcome

• Buildings meeting LEED Gold certification standards for energy efficiency, air quality, and environmental protection
• +3 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature5 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• SwegoncoreTechnology or Integration · 24 September 2025Swedish leader in air conditioning, ventilation, and air quality management. Partner on Elleven Office Building project providing HVAC solutions. Offers air handling units with efficiency greater than 90% with integrated heat pump. Presentation partner on ecological refrigerant R290 in HVAC solutions.
• SecuritascoreTechnology or Integration · 24 September 2025Global pioneer in intelligent security solutions with nine decades of tradition. Partner on Elleven Office Building project bringing additional value to sustainable construction initiative.
• Elleven Office BuildingcoreStrategic or Co-development Partner · 24 September 2025Premium business center development in Novi Sad. Energy Net contributing HVAC systems and sustainable solutions as part of partnership with Swedish companies under Swedish Embassy patronage.
• Rapid InvestcoreStrategic or Co-development PartnerPartner on Novella Business & Residence project. Collaboration on sustainable residential and commercial development featuring Energy Net solar systems and energy-efficient solutions.
• PorcelanosacoreChannel Partner/ Reseller/ DistributorExclusive representation of Porcelanosa brand in Serbia. Premium ceramics, sanitary ware, and flooring solutions. Available through Home Concept Porcelanosa showrooms in Belgrade and Novi Sad.
• GreeminorChannel Partner/ Reseller/ DistributorAir conditioning brand in Energy Net portfolio. New energy-efficient devices presented annually through regional presentations across Serbia.
• BergenminorChannel Partner/ Reseller/ DistributorHVAC brand in Energy Net portfolio. Featured in annual product presentations alongside Gree brand.
• Advise Institut doocoreImplementation/ SI/ Consulting PartnerBusiness support partner for marketing and IT services. Advise Institute by Energy Net conducts sustainability consulting, organizes panel discussions on sustainable business strategy, and publishes industry publications.
• Air SolutioncoreOthersMember of Energy Net Family. Ventilation duct production company with state-of-the-art manufacturing equipment including automated spiro machine and induction welding equipment.
• Good Energy FoundationcoreOthersFounded in 2019, provides scholarships to students, awards to graduates, funds education through Energy Net Academy, supports robotics competitions including Eurobot 2021, 2023, and 2025.

Scale indicators5 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Viessmann: German-based manufacturer of heating, industrial and refrigeration systems with a strong European HVAC and heat-pump presence. Comparable as a broad incumbent whose integrated climate and decarbonization solutions compete with Energy Net's enterprise offerings.
• Vaillant Group: European heating, ventilation and air-conditioning manufacturer (Vaillant, Saunier Duval, Buderus brands) with a broad residential and commercial HVAC portfolio. Comparable as a broad incumbent whose heat pumps and boiler systems overlap with Energy Net's distributed brands.
• Bosch Thermotechnology: Bosch's heating and hot-water division, a major European HVAC manufacturer offering boilers, heat pumps and hybrid systems. Comparable as a broad incumbent whose residential and commercial heating portfolio overlaps with Energy Net's boiler and heat-pump business.
• Daikin: Global HVAC and refrigerant manufacturer with extensive European presence including the Balkans. Comparable as a broad incumbent whose heat pumps, air-conditioning and integrated climate solutions compete with Energy Net's distributed portfolio at the equipment level.
• Gree Electric: World's largest residential air-conditioner manufacturer and a key supplier brand in Energy Net's portfolio. Comparable both as a strategic supplier and as a broad incumbent whose HVAC equipment competes with Energy Net's integrated solutions in residential and light-commercial segments.
• Mitsubishi Electric: Global manufacturer of air-conditioning, ventilation and building systems (including VRF) with a strong European footprint. Comparable as a broad incumbent whose HVAC and energy-management offerings overlap with Energy Net's commercial solutions including BMS and heat-pump integration.

Direct peers

• Swegon: Swedish indoor-climate specialist providing air handling units, ventilation and air-quality products. Directly comparable as an Energy Net technology partner (Swegon AHUs with >90% efficiency deployed at Elleven Office Building) and as a European indoor-climate specialist operating in the same product category.
• Klimaoprema: Serbian HVAC manufacturer and systems integrator serving commercial and industrial customers across the Balkans with heating, ventilation, air-conditioning and air-handling solutions. Directly comparable as a regionally rooted Serbian/SEE HVAC specialist competing for similar projects.

Others

• ABB: Global electrification, motion and automation company providing building automation, EV charging and energy management solutions. Comparable as an adjacent player whose EV-charger and building-automation portfolio overlaps with Energy Net's INVT chargers and BMS offerings.
• Schneider Electric: Global specialist in energy management, automation and building management systems. Comparable as an adjacent/ecosystem player whose BMS, energy-monitoring and decarbonization software stack increasingly intersects with Energy Net's building-automation and ESG-consulting offerings.

Market position

Strengths5 records

Weaknesses4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/energynet
• Facebookfacebook.com/energynetdoo
• LinkedInlinkedin.com/company/energy-net-doo
• Instagraminstagram.com/energy_net/?hl=en
• Xx.com/majstor_zare

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries3 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 Energy Net