- CEO
- Lena Sundquist
- Full Time Employees
- 35
- Sector
- Utilities
- Industry
- Renewable Utilities
- Address
- Torshamnsgatan 44 Kista Sweden 164 40
- IPO Date
- Sep 10, 2018
- Business
- Climeon AB (publ) (CLMOF) develops and sells Organic Rankine Cycle (ORC) technology solutions that convert low-temperature waste heat and geothermal sources into renewable electricity through its HeatPower modules, including the fully autonomous HeatPower 300 system for electricity generation from heat sources between 80-150°C and the cloud-based Climeon Live platform for remote performance monitoring; it also provides integration services, installation assistance, consultancy, spare parts, training, and support under the HeatPower brand. The company serves the maritime sector with waste heat recovery from ship engines for onboard power generation to reduce fuel consumption and emissions, the industrial sector for on-site power from process waste heat, the energy sector to boost power plant output without added fuel, and the geothermal sector for distributed low-temperature electricity production; it operates in Sweden, Europe, North America, Asia including China, Japan, and Taiwan, and Iceland. Founded in 2011 and headquartered at Torshamnsgatan 44 in Stockholm (Kista), Sweden, Climeon targets energy-intensive industries pursuing net-zero transitions with high-efficiency, low-maintenance systems offering 2-5 year payback periods. Recent developments include a directed new share issue of 8.5 million class B shares raising SEK 29 million in October 2025 to support growth; HeatPower orders such as one from a leading Chinese shipyard for a newbuild container ship in September 2025, a repeat order from NovaAlgoma Cement Carriers in June 2025, and completion of HeatPower 300 commissioning on an existing container vessel in May 2025; partnerships with Technonaval in the US and Technical Marine Solutions for maritime expansion; a conditional 300 MSEK geothermal order in Iceland; organizational changes in 2024; and a January 2025 stock consolidation. [web:press-release]