Climeon produces heat power systems, converting waste heat and geothermal heat
into clean electricity. We do business for a better world.
Here you can find financial information, share data and information about
Climeon's corporate governance.


Climeon is a Swedish product company within energy technology. The company’s unique technology for geothermal heat power - Heat Power - makes a large untapped energy resource available and provides sustainable electricity around the clock all year round. Heat Power is a cheap and renewable energy source with the potential of replacing much of the energy that comes from coal, nuclear, oil and gas, today.

Climeon is active within two subdivisions of the market for the baseload energy source heat power: geothermal heat power and industrial heat power. Geothermal heat power utilizes heat from within the earth as an energy source whereas industrial heat power utilizes heat that is generated as a by-product in industrial processes. 

Each of these markets is sufficient to contribute to the earth’s electricity supply and together they constitute complementary legs to build the strategy on.

We take an active stand to combat climate change. We have strict requirements on our own sustainability, social responsibility, environmental work and take an ethical stand towards our vendors and collaboration partners. Sustainability is a key factor in our development process of new products and services, and fully integrated in our organization. We will actively work to prevent the social damaging in connection to our organization. Climeon should have a transparent organizational structure that lives up to the national and international standards for ESG and operational management.




Interim report fourth quarter 2021

20 APR

Annual Report 2021


Interim report first quarter 2022

18 MAY

Annual General Meeting

18 JUL

Interim report second quarter 2022

26 OCT

Interim report third quarter 2022



Ann Linde on site when Climeon delivers the first Heat Power modules in Iceland

Today, Climeon hosted a delivery ceremony as the first Heat Power modules were delivered to Varmaorka in Iceland. At the ceremony, Minister for EU Affairs and Trade Ann Linde, Ambassador Håkan Juholt and Iceland's Minister of Foreign Affairs Gudlaugur Thór Thórdarson participated.

About fifty people attended Climeon's delivery to Varmaorka's first site in Iceland, Fludír. In addition to politicians, representatives from the Swedish Export Credit Corporation (SEK), the Swedish Export Credit Agency (EKN), other financiers and the Swedish Energy Agency, suppliers, partners and customers also participated.

- It is very pleasing that Swedish companies and innovations contribute to the growth of the Icelandic economy. The Climeon plant is an important investment for Iceland and represents an excellent example of how new technologies can create new opportunities, says Ann Linde, Swedish Minister for EU Affairs and Trade, speaking at the opening ceremony.

- Customer financing is an important key to the breakthrough we have had in our geothermal business in 2018. The fact that SEK and EKN contribute to attractive financing solutions is essential to our business and enables for Climeon to focus on achieving its goal - becoming the world's number one climate solver", says Thomas Öström, CEO of Climeon.

In connection with the delivery ceremony, presentations were held about the financial and technical challenges and solutions that exist for geothermal installations and the participants had the opportunity to visit the next two installation sites.

The delivery to Varmaorka consists of four Heat Power modules and is the first of a series of a total of 197 modules to be delivered to approximately 20 different sites over the next 36 months. On the 26th of June 2018, Varmaorka increased its order to 197 modules from the previous 100.

Iceland has among the lowest electricity prices in the world, but locally produced electricity can be a key enabler for local communities to grow around the country. Climeon's plants produce electricity from hot water locally and at a competitive price around the clock, all year round. 



Climeon IR Contact:

Climeon Certified Advisor:
FNCA Sweden AB

Box 5807
SE 102 48 Stockholm, Sweden
Phone: + 46 8 528 00 399