Energy Modelling Lab
Energy Modelling Lab (EML) is a Copenhagen-based consulting firm that builds and applies TIMES and Balmorel energy systems optimization models to advise governments, intergovernmental organizations, utilities and research institutions on long-term decarbonization pathway analysis across Europe, Asia and the Middle East.
- Company typePrivate
- Founded-
- HeadquartersCopenhagen, Denmark
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Energy Modelling Lab does
Energy Modelling Lab (EML) ApS is a Copenhagen-based energy systems consulting firm founded in 2019 that builds and applies advanced mathematical optimization models — primarily the TIMES framework (The Integrated MARKAL-EFOM System) and Balmorel — to advise governments, intergovernmental organizations, utilities and research institutions on long-term decarbonization pathways, least-cost technology portfolios and energy system scenario planning. The firm maintains a portfolio of country-specific models including TIMES-DK, TIMES-Vietnam, TIMES-NEU (Northern Europe with UK/Belgium/Netherlands trade links), TIMES-Ukraine, TIMES-Kuwait, TIMES-Jordan, TIMES-Azerbaijan, the open-source ON-TIMES (Open Nordic TIMES) and the DK-BioRes Danish bioresource model, supplemented by specialized modules covering biogas (89 existing Danish plants) and an AFOLU (Agriculture, Forestry and Land Use) sector module.
Revenue is generated on a project-based professional services model through direct consulting engagements, government procurement, and participation in multi-partner research consortia. Disclosed contract sizes range from sub-EUR 100K bilateral assignments (e.g., EUR 52,400 Azerbaijan roadmap, DKK 320,000 Danish Climate Council support) to multi-year consortium programs anchored by EML's role in the NOK 25 million SpeedLocal Nordic initiative (2024-2026) and a USD 302,425 IEA DHC district heating financing project (2024-2026). Customer segments are weighted toward government agencies (Danish Energy Agency, Vietnam EREA, Ukrainian Ministry of Environmental Protection), intergovernmental bodies (IEA, UNOPS, Nordic Energy Research), applied research institutes (DTU, IVL, VTT, IFE, Chalmers, Aalborg University), and energy sector clients (COWI, Varmelast, Dansk Fjernvarme, Brightcore Energy, Hybrid Greentech) across Northern Europe, Southeast Asia, Eastern Europe, the Middle East and the Caucasus. Marketing and demand generation runs through IEA-ETSAP community participation, peer-reviewed publications, the company website and annual newsletter rather than outbound sales infrastructure.
Energy Modelling Lab firmographics
Firmographics- Name
- Energy Modelling Lab
- Legal name
- Energy Modelling Lab ApS
- Website
- https://energymodellinglab.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Energy Modelling Lab (EML) is a Copenhagen-based consulting firm that builds and applies TIMES and Balmorel energy systems optimization models to advise governments, intergovernmental organizations, utilities and research institutions on long-term decarbonization pathway analysis across Europe, Asia and the Middle East.
- Ownership category
- akta.pro rank
Energy Modelling Lab industry classification
Industry- Product category
- Energy Consulting Services
- NAICS
- Research and Development in the Physical, Engineering, and Life Sciences (54171), Other Scientific and Technical Consulting Services (54169), Management, Scientific, and Technical Consulting Services (5416)
- SIC
- Services-Engineering Services (8711), Services-Commercial Physical & Biological Research (8731)
- akta.pro primary industry
- Climate & GHG/Emissions Modeling & Scenario Analysis (Inventories, Projections, Net-Zero Pathways) (EUAHAKAH)
- akta.pro secondary industries
- Climate Risk & Scenario Analysis (TCFD/IFRS S2) (EUAHAJAD), Transition Risk Modeling & Policy/Market Pathways (Carbon Price, Regulation, Technology Adoption) (EUABALAD), Forecasting & AI Optimization for Flexibility (Load/Price/Renewables/SoC) (EUAFAKAH)
Keywords
Where Energy Modelling Lab is headquartered
LocationHeadquarters
- HQ city
- Copenhagen
- HQ country
- Denmark
- HQ region
- Europe
Offices1 record
Markets served
Energy Modelling Lab business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Consulting Services: Energy Modelling Lab provides consulting services on strategic energy planning and decarbonization to companies, institutions, and government agencies worldwide. Revenue is generated through project-based consulting engagements, typically funded by government agencies, international organizations, and research institutions.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Energy Modelling Lab product offering
Product offeringCore offering
Energy Modelling Lab (EML) is a consulting firm that develops and applies advanced mathematical energy system models — primarily using the TIMES framework and the Balmorel heat-and-power model — to deliver strategic energy planning, decarbonization scenario analysis, and policy advisory services. The company builds country- and region-specific energy system models (e.g., TIMES-DK, TIMES-Vietnam, TIMES-NEU, ON-TIMES, DK-BioRes) and provides tailored advisory, capacity building, and feasibility studies to government agencies, research institutions, and energy companies worldwide.
Product overview
Energy Modelling Lab (EML) is a consulting company specializing in energy systems analysis and strategic energy planning for decarbonization. The core offering consists of advanced mathematical energy system models built on the TIMES and Balmorel modeling frameworks, including country-specific models for Denmark (TIMES-DK, DK-BioRes), Vietnam, Kuwait, Northern Europe (TIMES-NEU), Azerbaijan, and the Nordic region (ON-TIMES). EML provides advisory services including scenario analysis, feasibility studies, technology assessments, and capacity building workshops. The company also develops open-source models available on GitHub, primarily serving government agencies, research institutions, and energy sector organizations across Europe and internationally.
Differentiator
Problem solved
Functional benefit
Products and services
- Energy Systems Analysis Consulting Services Strategic consulting services including scenario analysis, long-term energy planning, feasibility studies, technology assessment, and capacity building, provided to companies, institutions, and government agencies worldwide for decarbonization and green transition planning. Delivered through tailored energy systems models and least-cost pathway identification.
- TIMES Energy System Modelling Advanced mathematical optimization modeling framework (The Integrated MARKAL-EFOM System) used to develop energy system models for long-term planning and scenario analysis. EML develops and maintains multiple country-specific TIMES models (Denmark, Vietnam, Kuwait, Northern Europe, Azerbaijan, Nordic region).
- Balmorel Model Services Energy system modeling tool used for analyzing heat and power systems, with focus on electricity and district heating. Used by EML for training courses and international capacity building projects.
- DK-BioRes (Danish Bioresource Model) Flow-based model containing all Danish biomass resources from agriculture, forestry, and aquaculture sectors. Supports climate neutrality scenarios for land use, yield, and emissions analysis; available as open-source on GitHub.
Quantifiable outcome
- Society can save 10 to 20 billion Danish kroner per year in health costs from reduced air pollution through green transition
- +4 more outcomes
Companies that use Energy Modelling Lab
Customer profileNamed customers14 records
Segments5 records
Ideal customer profiles3 records
Energy Modelling Lab technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
Energy Modelling Lab partnerships and signals
Strategic signalPartnerships
26 partnerships are on record, tiered core, major and minor.
- TEN21 District EnergycoreStrategic partnership where EML partners with TEN21, an expert team assisting companies, cities, regions, and countries to transition their energy systems for lowest or negative climate impact.
- Hanoi University of Science and TechnologycoreCollaborator on Vietnam Energy Outlook Report 2023, supporting energy systems modeling and scenario development for Vietnam's net-zero pathway.
- E4SMAcoreItalian partner specializing in TIMES modeling, collaborating on international energy planning projects including Vietnam and Ukraine.
- IVL Swedish Environmental Research InstitutemajorResearch partner in SpeedLocal project and Nordic Clean Energy Scenarios, bringing Swedish environmental expertise to Nordic collaboration.
- VTT Technical Research Centre of FinlandmajorFinnish research partner in SpeedLocal project and Nordic Clean Energy Scenarios, contributing technical research expertise.
- Technical University of Denmark (DTU)majorAcademic partner for SpeedLocal project and educational programs, collaborating on PhD courses in energy modeling.
- Institute for Energy Technology (IFE)majorNorwegian research partner in SpeedLocal project, contributing expertise in energy technology research.
- Luleå University of TechnologyminorAcademic partner in SpeedLocal project contributing research and educational capabilities.
- LabLabminorSwedish partner in SpeedLocal project focused on innovation and research collaboration.
- Energiforsk ABcoreSwedish energy research organization and project owner for SpeedLocal project, coordinating Nordic research initiatives.
- Bornholm MunicipalitycoreDanish municipality case study partner in SpeedLocal project, implementing national energy policies at local level.
- Skaraborg MunicipalitycoreSwedish municipality case study partner in SpeedLocal project for local energy planning.
- Trondelag MunicipalitycoreNorwegian municipality case study partner in SpeedLocal project for local energy planning.
- Ea Energy AnalysesmajorDanish energy analysis consultancy collaborating on Nordic modeling projects and Vietnamese energy planning.
- COWImajorEngineering consultancy engaged for Northern Europe energy market analysis and hydrogen infrastructure planning.
- Nordic Energy ResearchcoreIntergovernmental research organization coordinating Nordic energy research programs including SpeedLocal and NCES projects.
- Electricity and Renewable Energy Authority (EREA), VietnamcoreVietnamese government energy authority collaborating on TIMES-Vietnam model and Energy Outlook Reports.
- DANIDA Fellowship CentremajorDanish international development training center organizing energy modeling courses with EML experts for developing country professionals.
- Tetra TechmajorEngineering consulting firm that has subcontracted EML for Azerbaijan low-carbon solutions project within EBRD technical assistance.
- Lund UniversitymajorSwedish university partner in district heating financing research project, contributing academic research capabilities.
- Halmstad UniversityminorSwedish university partner in district heating financing research project.
- Stuttgart University of Applied SciencesminorGerman university partner in district heating financing research project.
- Euroheat & PowerminorEuropean district heating association partner in financing research project.
- Danish Energy Agency (ENS)corePrimary Danish government client and partner for energy system modeling, biomass resource modeling, and international cooperation projects.
- Chalmers University of TechnologymajorSwedish university collaborating on Gothenburg city energy planning research paper published in Energy Strategy Reviews.
- Aalborg UniversitymajorDanish university collaborating on hydrogen modeling research paper with EML team members.
Scale indicators13 records
Recent moves6 records
Expansion highlights6 records
Energy Modelling Lab competitors and assessment
Company assessmentBroad incumbents
- COWI: Large Danish engineering consultancy that has engaged EML as a subcontractor on Northern Europe energy market and hydrogen infrastructure analysis. Competes for the same government and utility energy modeling mandates but as part of a much broader engineering, infrastructure, and advisory portfolio.
- Ramboll: Large Nordic engineering and consulting firm with significant energy transition advisory practice. Competes for the same government and utility energy planning mandates as EML but at much greater scale and with broader service offerings spanning engineering, advisory, and implementation.
Direct peers
- E4SMA: Italian energy consultancy specializing in TIMES modeling for international energy planning projects. EML's documented collaborator on Vietnam and Ukraine engagements, with directly overlapping methodology (TIMES framework) and customer profile (government energy agencies).
- SINTEF: Norwegian independent research organization with one of Europe's largest energy research divisions, conducting TIMES and energy systems modeling for Nordic governments and the EU. Comparable to EML in technical methodology and government client focus, though at substantially larger scale.
- Ea Energy Analyses: Danish energy analysis consultancy specializing in quantitative energy systems analysis, scenario modeling, and policy advice. Already a documented EML collaborator on Nordic modeling and Vietnamese energy planning projects, making it the closest direct peer in size, geography, and offering.
- Institute for Energy Technology (IFE): Norwegian research institute with energy systems modeling expertise. EML partner on the SpeedLocal project and a natural peer in the Nordic energy modeling ecosystem serving government and research clients.
- IVL Swedish Environmental Research Institute: Swedish applied environmental research institute with energy systems modeling capabilities. Direct research partner with EML on the SpeedLocal and Nordic Clean Energy Scenarios projects, competing and collaborating on similar government-funded Nordic energy system analysis mandates.
- TEN21 District Energy: Expert team assisting companies, cities, regions, and countries with energy system transitions. Strategic partner of EML, with highly overlapping mission and customer base, though more focused on district heating decarbonization implementation rather than quantitative scenario modeling.
- VTT Technical Research Centre of Finland: Finnish state-owned research and technology organization conducting energy systems modeling for Nordic and EU clients. Active EML partner on SpeedLocal and Nordic Clean Energy Scenarios, with comparable TIMES modeling expertise and similar government/international client base.
Others
- DTU (Technical University of Denmark): Denmark's leading technical university, with the DTU Management and DTU Wind energy systems divisions performing TIMES-based modeling and PhD supervision that overlaps with EML's work. Academic peer and active collaborator on SpeedLocal and educational programs.
Market position
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Energy Modelling Lab social profiles
Digital presenceEnergy Modelling Lab financial estimates
Financial estimateRevenue estimate
Valuation estimate
Energy Modelling Lab leadership team
Management profileNumber of profiles
Profiles2 records
Energy Modelling Lab funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Energy Modelling Lab 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 Energy Modelling Lab
What does Energy Modelling Lab do?
Energy Modelling Lab (EML) is a consulting firm that develops and applies advanced mathematical energy system models — primarily using the TIMES framework and the Balmorel heat-and-power model — to deliver strategic energy planning, decarbonization scenario analysis, and policy advisory services. The company builds country- and region-specific energy system models (e.g., TIMES-DK, TIMES-Vietnam, TIMES-NEU, ON-TIMES, DK-BioRes) and provides tailored advisory, capacity building, and feasibility studies to government agencies, research institutions, and energy companies worldwide.
Is Energy Modelling Lab a public or private company?
Energy Modelling Lab is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Energy Modelling Lab founded?
Energy Modelling Lab was founded in -1. It employs 1 to 10 people.
Where is Energy Modelling Lab based?
Energy Modelling Lab is headquartered in Copenhagen, Denmark, in the Europe region.
How does Energy Modelling Lab make money?
One revenue line is on record: consulting Services.
Who are Energy Modelling Lab's main competitors?
Broad incumbents on record are COWI and Ramboll. Direct peers are E4SMA, SINTEF, Ea Energy Analyses, Institute for Energy Technology (IFE), IVL Swedish Environmental Research Institute, TEN21 District Energy and VTT Technical Research Centre of Finland. DTU (Technical University of Denmark) is listed as an others.
Does Energy Modelling Lab have an API?
No public API is recorded for Energy Modelling Lab.
What industry is Energy Modelling Lab in?
Energy Modelling Lab's product category is Energy Consulting Services. Its primary akta.pro industry code is EUAHAKAH, Climate & GHG/Emissions Modeling & Scenario Analysis (Inventories, Projections, Net-Zero Pathways), with a secondary code of EUAHAJAD, Climate Risk & Scenario Analysis (TCFD/IFRS S2). Its NAICS code is 54171 and its SIC code is 8711.