Evli Private Capital has made a significant €7 million investment in Finnish energy recovery company Calefa to support its growth and development in sustainable energy solutions.

Information on the Target

Calefa is a Finnish growth company focused on the recovery and recycling of waste heat and environmental energy through industrial-scale heat pump technology. The company has established itself as a leader in this sector, creating comprehensive energy solutions for industries, power generation facilities, and large properties based on its advanced heat pump technology. Over the past decade, Calefa has heavily invested in researching and developing heat pump technologies as well as constructing modular heat pump systems.

Currently employing approximately 40 staff at its headquarters in Hollola and its production facility in Ikaalinen, Calefa has experienced rapid growth, averaging a remarkable 30% annual increase. For the fiscal year 2025, the company anticipates exceeding €15 million in revenue, driven largely by its innovations such as the patented AmbiHeat® heat pump systems, which enable clients to harness waste heat and environmental energy for a fully emission-free heating and cooling solution.

Industry Overview in Finland

The energy recycling industry in Finland has emerged as a dynamic sector, attracting significant attention as companies seek more efficient ways to mitigate carbon emissions while also cutting operational costs. The grow