Enrad AB
NNGM:ENRAD9.76
SEK
0.00
(0.00%)
Enrad AB
NGM:ENRAD
(Nordic Growth Market)
Recent
price
9.76
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Enrad AB is a Sweden-based cleantech and HVAC engineering company that specializes in the development, manufacturing, and commercialization of energy-efficient heating, cooling, and refrigeration systems utilizing natural refrigerants. Founded in 2008 and headquartered in Borås, Sweden, the company designs environmentally sustainable thermal solutions utilizing hydrocarbons, primarily propane (R290) and propylene (R1270), which feature zero ozone depletion potential and negligible global warming potential. Enrad AB operates within the industrial and commercial HVAC/R sector, providing equipment to commercial real estate developers, industrial facilities, supermarkets, data centers, and public infrastructure across the Nordic region and broader Europe. The company's core product and service portfolio encompasses modular liquid chillers for comfort, commercial, and industrial process cooling; high-efficiency commercial heat pumps for space heating, domestic hot water production, and waste heat recovery; combined heating and cooling units engineered for simultaneous thermal management; compact plug-and-play modular refrigeration units designed for flexible indoor and outdoor installation; integrated safety and control systems equipped with proprietary gas detection, safety ventilation, and automated shut-off mechanisms; and aftermarket engineering services, including system commissioning, technical consulting, remote monitoring, and maintenance support. In recent strategic and operational developments, Enrad AB has broadened its international market reach by establishing new distributor networks and sales partnerships across Northern and Central Europe, with particular expansion into Norway, Germany, and the DACH region. To accommodate accelerating European demand spurred by the European Union's updated F-gas Regulation and the accelerated phase-down of synthetic fluorinated refrigerants, the company has expanded production capacity and modern manufacturing processes at its Borås facility. Enrad AB has also introduced next-generation, high-capacity modular heat pumps and chillers with enhanced seasonal coefficient of performance ratings and completed targeted capital strengthening measures to finance continuing thermodynamic R&D, commercial scaling, and European market penetration.