Move Energy joins €15M Series A round for Enerin

ASKER, Norway, 24 November 2025Enerin, a Norway-based technology leader in high-temperature heat pumps, has raised €15 million (NOK 180 million) in a Series A led by Johnson Controls, Climentum Capital, The Footprint Firm and Move Energy, with participation from PSV Hafnium and Momentum.

  • The investment marks Enerin’s transition from technology pioneer to serial production. Proceeds will expand commercial and manufacturing operations and accelerate next-generation development.
  • Johnson Controls’ participation provides strategic validation and global reach from one of the world’s leading providers of heating, cooling, and energy systems.

Engineered over more than two decades, Enerin’s HoegTemp system delivers up to 250°C process heat using electricity and recycled heat.

“This investment marks our shift from pioneering to full industrialisation, bringing proven high-temperature technology from Norway to industries worldwide,” said Arne Høeg, Founder and CEO of Enerin AS. Industrial companies are ready to decarbonise high-temperature heat, but the mass market has lacked simple, profitable solutions that fit everyday operations”.

Replacing fossil fuels and cutting energy use by up to 70 percent

Replacing fossil-fuelled industrial boilers — responsible for nearly 20% of global CO₂ emissions — remains one of the toughest challenges in the energy transition, largely because conventional heat pumps can’t cope with the sector’s highly variable process conditions and high temperatures.

Enerin’s modular, flexible and standardised system removes such barriers by adapting automatically to factory conditions while delivering up to 250°C, providing a scalable path to decarbonise.

“Today, customers care first about economics. HoegTemp makes clean industrial heating profitable compared to gas boilers, reducing energy use by 50-70 percent,” said Høeg. “Because our automated system adapts to varying process conditions, it allows factories to decarbonize without redesigning operations. This blend of flexibility and standardisation is what finally makes clean industrial heat available and profitable at scale.”

From tech pioneer to global scale

HoegTemp has already been piloted by blue-chip companies in the pharmaceutical and animal-feed sectors, with early adopters including GE Healthcare, Pelagia and IVAR IKS Biogas.

Separately, it has been recognized by the State of New York as a Finalist for the $10 million Empire Technology Prize to decarbonise clean-heating applications. The Series A enables Enerin to move from bespoke manufacturing to serial production of its standardised modules.

“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,” said Henrik Ree Eriksen, CFO of Enerin.

Backed by financial and corporate venture capital

We value not only the financial potential but also the strategic fit of Enerin’s technology, bringing together our deep industrial experience with cutting-edge, venture-backed climate innovation.

“Enerin addresses one of the toughest challenges in the energy transition: replacing fossil-fuel boilers in industrial process heat, which accounts for 25% of global energy consumption,” said Bastiaan van Wijk from Move Energy. “Their modular, flexible, and standardised system delivers higher temperatures than most heat pumps and adapts dynamically to process fluctuations. We have seen their platform succeed in real industrial environments, from biotech to food processing and bio-energy, and we are convinced of their potential to decarbonise the sector at scale.”