Enerin AS, the Norway-based industrial heat pump technology company, has closed an oversubscribed €15 million Series A round led by Climentum Capital, The Footprint Firm, Johnson Controls, and Move Energy, with additional participation from PSV Hafnium and Momentum. The funding supports Enerin’s transition from technology pioneer to full-scale serial production as it expands commercial operations, scales manufacturing, and accelerates development of next-generation systems.
Johnson Controls’ participation adds strategic weight, offering global reach from one of the world’s most established energy systems providers. The new capital will help Enerin expand its HoegTemp high-temperature heat pump platform into broader international markets, as industrial companies increasingly seek profitable, practical decarbonisation solutions.
Industrial heat remains one of the most difficult challenges in emissions reduction. Fossil-fuelled boilers account for nearly 20% of global CO₂ emissions, but traditional heat pumps have struggled to meet the highly variable, high-temperature demands of industrial processes. Enerin’s modular and standardised design addresses that gap by automatically adapting to factory conditions and delivering heat up to 250°C, enabling companies to decarbonise without redesigning existing operations.
The HoegTemp system has already been adopted in pilot deployments with blue-chip customers in the pharmaceutical and animal feed industries, including GE Healthcare, Pelagia, and IVAR IKS Biogas. Enerin has also been selected as a finalist in the New York State Empire Technology Prize, a $10 million program that advances clean industrial heating. With the new funding, Enerin plans to shift from bespoke, project-by-project manufacturing to serial production, positioning the company to scale globally with repeatable and standardised modules.
KEY QUOTES:
“This investment marks our shift from pioneering to full industrialisation, bringing proven high-temperature technology from Norway to industries worldwide.”
“Industrial companies are ready to decarbonise high-temperature heat, but the mass market has lacked simple, profitable solutions that fit everyday operations.”
“Today, customers care first about economics. HoegTemp makes clean industrial heating profitable compared to gas boilers, reducing energy use by 50-70 percent.”
“Because our automated system adapts to varying process conditions, it allows factories to decarbonize without redesigning operations. This flexibility, and standardisation is what finally makes clean industrial heat available and profitable at scale.”
Arne Høeg, Founder and CEO of Enerin
“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.”
Henrik Ree Eriksen, CFO of Enerin
“Having Johnson Controls together with leading European VCs as investors is a powerful validation of what Enerin is building.”
Raymond Carlsen, Chair of Enerin and former CEO of Scatec ASA
