Climeon is a clean-tech vendor, providing a technology that uses the energy in waste heat from industries and low-temperature geothermal heat to generate electricity. The company received its first order in 2015 and has since then established a global customer base within maritime and industrial waste heat recovery and geothermal heat power. The product is protected by patents and offers market-leading performance within its areas of application.
Waste heat and geothermal energy (below 120°C) jointly comprise a vast energy source that is largely untapped today due to limitations of existing technologies. Climeon's product is one of the first waste heat recovery system which is able to utilize this previously unexploited source of energy to efficiently produce electricity.
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Climeon has received several awards for the positive impact the Heat Power system has on the environment. The World Wildlife Fund named Climeon a Climate Solver in 2016. The World Wildlife Fund stated that if Climeon could convert ten percent of all waste heat from industries and merchant ships into clean electricity 2026, the world's annual CO2 emissions could be reduced by 21.6 million tonnes. This equals an installed base of approximately 25 000 Climeon Heat Power modules globally. The industry experts Frost & Sullivan deem the system to be the best in the world in its category, and expects the Climeon Heat Power system to take off in the maritime industry. The system also received the E-prize 2016 in the renewable energy category. E-prize is hosted by E.ON and Veckans Affärer, and is the largest energy competition in Sweden. The Swedish Energy Agency also called the system "The greatest energy innovation in 100 years".
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