Strategic partnership to accelerate the rollout of Heaten’s industry-leading very-high-temperature-heat-pump solutions.
Luxembourg, Kristiansand – October 3, 2024 – AI Alpine (Luxembourg) S.à r.l. (“AI Alpine”), controlled by funds managed by Advent International (“Advent”), one of the largest and most experienced global private equity investors, announced that it has acquired Heaten, a leading provider of very-high-temperature-heat-pump solutions, from Azolla Ventures, Nysnø Climate Investments, Shell Ventures, and Valinor. Together with AI Alpine, Heaten will accelerate the rollout of its market-leading HeatBooster technology.
“Our heat pump technology for decarbonizing industrial heat has been developed over a decade and will make a significant impact to decarbonize heat across industrial processes,” said Jeroen Koot, CEO, Heaten. “With AI Alpine, we have an excellent opportunity to industrialize manufacturing and drive the rollout of our highly efficient heat pumps in the megawatt class.”
“We are delighted to partner with Heaten and to work together to unlock the full potential of its ground-breaking HeatBooster technology. Heaten is yet another example of Advent’s resolve to back companies that can meaningfully accelerate the energy transition,” said Ranjan Sen, Managing Partner at Advent International.
“We are excited to work with the Heaten team and to foster collaboration with our portfolio companies, such as INNIO Group, to put solutions into the marketplace that ultimately can save CO2emissions at the gigaton scale,” added Rainer Thuerbach, Director at Advent International.