Enerin Raises €15 Million Series A to Accelerate Global Industrialisation of High-Temperature Heat Pump Technology
Enerin, a fast-growing technology company at the forefront of high-temperature heat pump innovation, has successfully secured €15 million (NOK 180 million) in an oversubscribed Series A funding round. The round was led by Climentum Capital, The Footprint Firm, Johnson Controls, and Move Energy, with additional participation from PSV Hafnium and Momentum. The new capital marks a pivotal leap forward for Enerin as it transitions from pioneering research and early deployments into full industrial-scale production aimed at transforming energy use across global industries.
Arne Høeg, Founder and CEO of Enerin, described the investment as a defining milestone:
“This investment marks our shift from pioneering to full industrialisation, bringing proven high-temperature technology from Norway to industries worldwide.”
For years, Enerin has focused on solving one of the largest challenges in industrial decarbonization: replacing fossil-fuel boilers, which currently account for nearly 20% of global CO₂ emissions. Despite significant improvements in energy efficiency technologies, most conventional heat pumps have been limited by their inability to operate at high temperatures or handle the highly variable process conditions found in industrial settings. This gap has prevented large-scale adoption and slowed progress toward decarbonisation.
Høeg emphasized that industrial companies have long been eager to transition away from fossil fuels, but lacked economically viable options.
“Industrial companies are ready to decarbonise high-temperature heat, but the mass market has lacked simple, profitable solutions that fit everyday operations.”
Tackling a Critical Emissions Challenge
Industrial heating has historically relied on gas, oil, and coal-fired boilers, which provide the high and stable temperatures required for processes such as drying, sterilisation, evaporation, pasteurisation, and chemical production. While low-temperature heat pumps are already widely used in buildings and district heating, industries needing process heat above 100°C have faced a shortage of competitive clean alternatives.
Enerin’s solution directly addresses these barriers. Its proprietary high-temperature heat pump system, branded HoegTemp, delivers heat up to 250°C, far beyond what typical commercial heat pumps can achieve. It does this while remaining energy-efficient, modular, and fully adaptable to changing process conditions on the factory floor.
Unlike many industrial decarbonisation solutions that require extensive redesign or retrofitting of facilities, HoegTemp is engineered for seamless integration. The system automatically tunes itself to the operational characteristics of each factory — whether the incoming loads fluctuate, processes vary by season or batch, or heat demand changes throughout the day.
Høeg highlighted the economic breakthrough enabled by the technology:
“Today, customers care first about economics. HoegTemp makes clean industrial heating profitable compared to gas boilers, reducing energy use by 50–70 percent.”
He added that the system’s ability to adapt automatically is key to unlocking mass-market adoption:
“Because our automated system adapts to varying process conditions, it allows factories to decarbonize without redesigning operations. This flexibility and standardisation are what finally make clean industrial heat available and profitable at scale.”
From Proven Technology to Global Scale
Enerin’s technology is not merely conceptual — it has already been piloted in real industrial environments. Blue-chip companies in pharmaceuticals, animal feed production, and biogas have deployed HoegTemp as part of early demonstration programs. Notable early adopters include:
- GE Healthcare
- Pelagia (a global producer of marine-derived ingredients)
- IVAR IKS Biogas, a leading Norwegian biogas operator
These projects have helped validate performance, reliability, energy savings, and operational flexibility under demanding real-world conditions — building confidence among industrial clients, regulators, and investors.
Additionally, Enerin’s system has gained international recognition. HoegTemp was named a Finalist in the $10 million Empire Technology Prize in New York State, which seeks innovative solutions to decarbonise heating applications. This recognition underscores Enerin’s potential role not just in Europe, but in global industrial markets transitioning away from fossil fuels.
Unlocking Serial Production and Standardised Scaling
The newly secured Series A funding enables Enerin to shift from bespoke, project-specific manufacturing toward serial production of standardised modules. This transition is essential for reducing production costs, shortening delivery timelines, and accelerating global deployment volumes.
Henrik Ree Eriksen, CFO of Enerin, said the oversubscribed round demonstrates strong investor conviction:
“Securing an oversubscribed international Series A in the current market demonstrates strong confidence in both our technology and the team’s ability to leverage our repeatable, standardized configuration to scale globally.”
By deploying a modular and repeatable architecture, Enerin aims to deliver industrial-scale decarbonisation at a pace and cost structure that were previously unachievable. Standardisation also opens the door for global manufacturing partnerships and streamlined installations in multiple industries.
The participation of major industrial and climate-focused investors further validates the company’s trajectory. Among them, Johnson Controls — a global leader in building and industrial efficiency systems — brings strategic expertise and access to international markets.
Raymond Carlsen, Chair of Enerin and former CEO of Scatec ASA, underscored the importance of this milestone:
“Having Johnson Controls together with leading European VCs as investors is a powerful validation of what Enerin is building.”
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