ORC Waste Heat to Power companies

Key ORC Waste Heat to Power Market Players:

Here is a list of key players operating in the global organic rankine cycle waste heat to power market:

• Turboden (Italy)
• Ormat Technologies (U.S.)
• Exergy International (Italy)
• ElectraTherm (U.S.)
• Enertime (France)
• Orcan Energy (Germany)
• Enogia (France)
• Rank (Spain)
• Triogen (Netherlands)
• Zuccato Energia (Italy)
• Mitsubishi Heavy Industries (Japan)
• IHI Corporation (Japan)
• Kawasaki Heavy Industries (Japan)
• Kaishan (China)
• Kaishan USA (U.S.)
• Echogen Power Systems (U.S.)
• Siemens Energy (Germany)
• General Electric (U.S.)
• Thermax (India)
• Doosan Enerbility (South Korea)
  • Company Overview
  • Business Strategy
  • Key Product Offerings
  • Financial Performance
  • Key Performance Indicators
  • Risk Analysis
  • Recent Development
  • Regional Presence

The worldwide ORC waste heat to power market is competitive and geographically diverse, led by established Europe and Japan-based OEMs, U.S. innovators, and fast‑scaling Asia-specific manufacturers. Strategies center on industrial retrofits, modular ORC platforms, and integration with CHP and district energy. Key players pursue EU and national grants, joint ventures, and long‑term service agreements to de‑risk deployments. Product roadmaps emphasize higher efficiency working fluids, sub/supercritical designs, and digital performance monitoring. Besides, in July 2025, Goltens Worldwide signed a significant deal with Munich-based cleantech organization, Orcan Energy AG. The purpose is to emerge as the authorized and preferred installation and engineering partner for Orcan’s Marine Organic Rankine Cycle (ORC) systems, thus creating a positive impact on the ORC waste heat to power industry globally.

Corporate Landscape of the ORC Waste Heat to Power Market:

• Turboden, part of Mitsubishi Heavy Industries Group, is a leading global supplier of Organic Rankine Cycle (ORC) systems. The company has installed hundreds of ORC units worldwide, particularly in industrial waste heat recovery and biomass applications, positioning itself as a dominant player in Europe.
• Ormat Technologies is a pioneer in geothermal and ORC-based waste heat recovery solutions. With decades of experience, Ormat has a strong presence in North America and Asia, leveraging its expertise in renewable energy to expand ORC adoption across industrial sectors.
• Exergy International specializes in advanced ORC systems with patented radial outflow turbine technology. Its innovations improve efficiency and flexibility, making Exergy a competitive force in Europe’s industrial waste heat recovery market.
• ElectraTherm focuses on small-scale ORC systems designed for distributed generation and low-temperature waste heat recovery. Its Power+ Generator technology is widely used in oil and gas, manufacturing, and renewable energy projects, particularly in modular applications.
• Enertime designs and manufactures ORC turbines for industrial energy efficiency and district heating. The company is active in France and broader Europe, aligning with regional decarbonization policies and supporting industrial clients in reducing emissions through waste heat recovery.