Link to the news article in Finnish.

Nohewa is an energy sector growth company, offering its customers fast-track solutions for fossil-free heat production. The global need for more climate-friendly forms of heating, and Nohewa’s plant configuration that enables utilisation of a wide range of heat sources creates a solid foundation for the company's growth goals. The involvement of experienced investors further accelerates the company's growth plans and brings additional insight into business development.

Nohewa specializes in heat pump technology based turn-key solutions and the related lifecycle services. The company has delivered plants to Finland and abroad to serve a variety of heat production needs. Heat pump solutions utilizing industrial waste heat or other surplus heat sources are a significant factor in reducing the climate and environmental impacts of heat production in Finland and around the world. Now, an experienced group of investors, consisting of Joakim Frimodig, Johan Hammarén, Jon Unnérus and Sami Honkonen, has invested in the company with the aim of supporting Nohewa on its path of significant growth. The group has extensive expertise in areas such as strategic development and growth company financing, as well as the creation of digital services and customer solutions.

Energy transition, rapidly growing market, and Nohewa's experienced team attracted the interest of investors

Nohewa's skilled team has carried out projects for large energy companies, which did not go unnoticed by investors. The investor group was particularly impressed by the professional approach, innovative mindset, and persistence found in the young growth company. "It is very exciting to develop the company's products and services and Nohewa as a whole with such a great and motivated team," says Sami Honkonen.

Investing in a business that is at the heart of energy transition benefits not only Nohewa but also the climate and the environment. "Nohewa's solutions enable the transition to fossil-free heat production at the speed our society needs. It is great to be part of enabling Nohewa's growth and development at the heart of the energy transformation," says Johan Hammarén. CEO Terhi Pettersson, on the other hand, emphasizes the excellent timing of the investor group's involvement: "Especially in a situation where significant revenue growth has already been secured for the current year, the extensive business development experience of our investors is of great benefit to us."

Data center boom accelerates Nohewa’s growth

A growing industry sector for which Nohewa’s solutions are optimally suited is data centers. The number of data centers is growing rapidly both in Finland and abroad. Especially in the Nordic countries, where there are extensive district heating networks and heating needs for most of the year, data center heat recovery systems are sensible investments for all parties. Nohewa has extensive expertise in heat recovery solutions in the data center environment. The company’s roots lie precisely in the design and implementation of systems that utilize waste heat from data centers.

The involvement of investors brings the company new opportunities. Nohewa has become adept at designing and implementing solutions that optimize the customer’s heat production. In addition, the company will in the future further strengthen its service business offering for the entire life cycle of heat pump plants. Heat pump solutions are here to stay, and there are not many entities who have experience in ensuring their optimal productivity. Nohewa's expertise will become increasingly important, and the company's future outlook is bright.

For more information, contact:

Nohewa Finland Oy Terhi Pettersson, CEO Tel. +358 40 569 8100 or terhi.pettersson@nohewa.fi

About Nohewa

Nohewa is an Otaniemi-based growth company delivering industrial-scale heat pump solutions on a turnkey basis. We enable our customers' transition to carbon-neutral heat production with versatile heat sources and world-class heat recovery solutions. As an experienced partner, we serve our customers throughout the entire lifecycle of the plant investment, from design and assembly to testing, operation, and production optimization. www.nohewa.fi