Cogeneration power companies focus on generating electricity and useful thermal energy from a single source, optimizing resource efficiency. This dual production approach minimizes waste and propels the industry toward greener solutions, contributing to lower carbon footprints. The market includes manufacturers of turbines and engines, service providers for installation and maintenance, and energy management firms. As global energy demands grow, the cogeneration sector is moving towards sustainable technologies, including the transition to hydrogen and cleaner fuels, while digital solutions for energy management gain importance in boosting efficiency and monitoring performance.

The list features companies primarily based in Europe and North America, varying in size from small teams to large corporations. They were founded between the mid-20th century and contemporary periods, highlighting experience alongside innovation. Companies like INNIO Group and Mitsubishi Power lead the way in manufacturing cutting-edge gas turbines and engine systems. Each operates in sectors such as energy generation and environmental management, emphasizing cogeneration as a critical focus for delivering sustainable energy solutions.

Continue reading to discover key cogeneration power companies.

Top 22 Cogeneration Power Companies

1. INNIO Group

• Website: innio.com
• Ownership type: Private Equity
• Headquarters: Jenbach, Tyrol, Austria
• Employee distribution: Austria 43%, United States (USA) 14%, Hungary 14%, Other 29%
• Latest funding: $3.2B, June 2018
• Founded year: 2018
• Headcount: 1001-5000
• LinkedIn: innio-group

INNIO Group, based in Jenbach, Tyrol, Austria, is an energy solutions provider that specializes in renewable gas, natural gas, and hydrogen technologies. Founded in 2018, the company manufactures Jenbacher and Waukesha engines, which are pivotal in offering cogeneration systems. These systems are utilized across various sectors, including agriculture and utilities, to provide efficient power generation and heat recovery. INNIO is dedicated to facilitating the transition to sustainable energy solutions, emphasizing the importance of reducing carbon emissions and enhancing energy efficiency. With a workforce of over 2,200 employees, INNIO operates globally, with significant operations in Austria, the United States, and Hungary. Their innovative approach includes digital services that support customers in optimizing their energy systems, making them a relevant player in the cogeneration market.

2. Mitsubishi Power

• Website: power.mhi.com
• Ownership type: Private
• Headquarters: Yokohama, Kanagawa, Japan
• Employee distribution: India 22%, South Africa 17%, United States (USA) 16%, Other 46%
• Founded year: 2001
• Headcount: 10001+
• LinkedIn: mitsubishi-hitachi-power-systems

Mitsubishi Power, established in 2001 and based in Yokohama, Japan, is a prominent manufacturer of power generation equipment. The company specializes in advanced energy solutions, including gas turbines, steam turbines, and air quality control systems. With a workforce of over 15,000 employees, Mitsubishi Power serves utility and industrial customers globally, focusing on enhancing operational efficiency and promoting sustainable energy production. Their product offerings include combined cycle power plants, geothermal energy solutions, and innovative technologies aimed at reducing carbon emissions. The company is actively involved in various international projects, such as the development of cogeneration facilities and the integration of hydrogen technology into existing power systems, further solidifying its role in the energy sector.

3. Calpine

• Website: calpine.com
• Ownership type: Corporate
• Headquarters: Houston, Texas, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: $16.4B, January 2025
• Founded year: 1984
• Headcount: 1001-5000
• LinkedIn: calpine

Calpine Corporation, founded in 1984 and headquartered in Houston, Texas, is a prominent energy company specializing in electricity generation from natural gas and geothermal resources. With a workforce of over 2,400 employees, Calpine operates 77 facilities across the United States and parts of Canada and Mexico. The company generates approximately 27,000 megawatts of electricity, enough to power around 27 million homes. Notably, Calpine boasts the largest portfolio of cogeneration facilities in the nation, with a capacity of 5,948 megawatts. This positions them as a key player in the cogeneration market, where efficiency and sustainability are paramount. Calpine is also recognized for its commitment to innovation, focusing on low-carbon energy solutions and community impact. Their geothermal operations at The Geysers, which produce 725 megawatts of renewable baseload energy, highlight their dedication to sustainable energy practices. Additionally, Calpine has made significant strides in carbon capture and storage technologies, further enhancing their role in the transition to cleaner energy sources.

4. Solar Turbines

• Website: solarturbines.com
• Ownership type: Corporate
• Headquarters: San Diego, California, United States (USA)
• Employee distribution: United States (USA) 59%, Mexico 10%, Czech Republic 7%, Other 24%
• Latest funding: $505.0M, May 1981
• Founded year: 1927
• Headcount: 5001-10000
• LinkedIn: solarturbines

Solar Turbines Incorporated, based in San Diego, California, has been a significant player in the energy sector since its founding in 1927. The company specializes in manufacturing industrial gas turbines, which are crucial for various applications, including power generation and oil and gas production. Solar Turbines is dedicated to providing sustainable energy solutions that help businesses and organizations reduce carbon emissions while enhancing operational efficiency. With a global footprint, the company serves a wide array of industries, offering products and lifecycle support services tailored to meet customer needs. Their focus on cogeneration systems highlights their commitment to energy efficiency, as these systems utilize both electricity and useful heat from the same energy source. Solar Turbines continues to innovate, developing advanced technologies that support the transition to cleaner energy sources.

5. Clarke Energy

• Website: clarke-energy.com
• Ownership type: Corporate
• Headquarters: Liverpool, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 34%, Nigeria 12%, France 10%, Other 44%
• Latest funding: February 2017
• Founded year: 1995
• Headcount: 1001-5000
• LinkedIn: clarke-energy

Clarke Energy, founded in 1995 and headquartered in Liverpool, England, is an energy solutions provider that specializes in gas engine power plants. With a workforce of over 1,200 employees, the company operates in multiple countries, including the UK, Nigeria, France, and India. Clarke Energy focuses on engineering, installation, and maintenance services for gas engine power plants, particularly in the cogeneration sector. They provide combined heat and power (CHP) systems that optimize energy use by generating electricity and heat from a single fuel source. Their product range includes INNIO Jenbacher gas engines and biogas upgrading solutions, catering to various industries such as agriculture, healthcare, and manufacturing. Clarke Energy has also expanded its capabilities through acquisitions, enhancing its service offerings in the US market. The company is actively involved in promoting energy resilience and efficiency, making significant contributions to the transition towards renewable energy.

6. FlexEnergy Solutions

• Website: flexenergy.com
• Ownership type: Private Equity
• Headquarters: Greenwood, Colorado, United States (USA)
• Employee distribution: United States (USA) 82%, Canada 18%
• Latest funding: December 2014
• Founded year: 2000
• Headcount: 51-200
• LinkedIn: flexenergy-inc

FlexEnergy Solutions, based in Greenwood, Colorado, is an energy solutions provider that has been operational since 2000. The company focuses on clean and reliable power generation, utilizing innovative turbine technology to serve various industries such as oil and gas, agriculture, and data centers. FlexEnergy specializes in cogeneration, off-grid power, and leasing options, helping businesses achieve their sustainability goals while ensuring efficient energy delivery. Their flagship product, the Flex Turbine, is designed to recover heat that is typically lost in traditional electricity generation, thus improving overall energy efficiency. The company has made significant strides in reducing emissions and converting waste gases into usable energy, contributing to cleaner air and a healthier environment. With a workforce of around 76 employees, FlexEnergy is committed to providing high-quality service and support to its clients, ensuring that their energy solutions are both effective and sustainable.

7. Centrax Gas Turbines

• Website: centraxgt.com
• Ownership type: Corporate
• Headquarters: Newton Abbot, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 79%, Netherlands 5%, Tunisia 3%, Other 13%
• Latest funding: April 2016
• Founded year: 1946
• Headcount: 201-500
• LinkedIn: centrax-ltd

Centrax Gas Turbines, founded in 1946 and based in Newton Abbot, England, is a power generation company that specializes in high-efficiency gas turbine technology and cogeneration systems. With a workforce of approximately 214 employees, Centrax designs and manufactures generator packages that cater to a variety of industries and power applications. Their products utilize Siemens Energy gas turbine technology, offering power outputs ranging from 3 MW to 15 MW. Centrax is particularly noted for its combined heat and power (CHP) solutions, which maximize energy efficiency by capturing waste heat for additional thermal energy. The company operates globally, providing not only power generation solutions but also maintenance and training services, ensuring that clients receive ongoing support. Their commitment to quality is reflected in their adherence to international standards, including ISO certifications for quality assurance and environmental management.

8. Glow Energy Public Company Limited (GLOW)

• Website: glow.co.th
• Ownership type: Corporate
• Headquarters: Bangkok, Bangkok, Thailand
• Employee distribution: Thailand 100%
• Latest funding: June 2018
• Founded year: 1993
• Headcount: 501-1000
• LinkedIn: glow-energy-plc

Glow Energy Public Company Limited (GLOW), founded in 1993 and based in Bangkok, Thailand, operates as a corporate entity focused on energy provision. The company specializes in the production and distribution of electricity, steam, and water for industrial use, primarily catering to clients in the petrochemical industry. GLOW's cogeneration business is a significant aspect of its operations, allowing for efficient energy production that meets the high demands of its industrial customers. With a total electricity generation capacity of 3,094 megawatts and steam production of 1,116 tons per hour, GLOW plays a crucial role in ensuring a reliable energy supply. The company is also involved in renewable energy initiatives, reflecting its commitment to sustainable practices. GLOW operates under the governance of Global Power Synergy Public Company Limited (GPSC), which holds a substantial stake in the company. As of the latest information, GLOW has not reported any recent funding activities, indicating a stable operational status without external financial influences.

9. MAPNA Special Projects Construction & Development Co. (MD3)

• Website: mapnamd3.com
• Ownership type: Private
• Headquarters: Tehran, Tehran, Iran
• Employee distribution: Iran 100%
• Founded year: 1999
• Headcount: 501-1000
• LinkedIn: mapnamd3

MAPNA Special Projects Construction & Development Co. (MD3), established in 1999 and based in Tehran, Iran, is a private energy company specializing in power generation and utility services. The company focuses on the construction and management of gas turbine and combined cycle power plants, as well as water treatment projects. MD3 serves both industrial and municipal clients, providing essential energy and water solutions. Their portfolio includes significant projects in cogeneration, where they produce electricity and steam simultaneously, enhancing energy efficiency. MD3 is also involved in various ongoing projects, including the development of combined cycle power plants and water desalination facilities, showcasing their commitment to advancing energy solutions in Iran.

10. Margen Spa

• Website: margen.it
• Ownership type: Private
• Headquarters: Modena, Pennsylvania, United States (USA)
• Employee distribution: Italy 100%
• Founded year: 1960
• Headcount: 51-200
• LinkedIn: margen-spa

Margen Spa, based in Maranello, Italy, is an energy solutions provider that has been operational since 1960. The company specializes in the production of electricity and thermal energy, with a strong emphasis on cogeneration systems. Margen offers a range of products, including power plants and hybrid systems, catering to various sectors. Their commitment to quality and reliability is supported by a skilled team of professionals dedicated to customer service and post-sale support. Margen operates from modern facilities covering 20,000 square meters, equipped with advanced technology for testing and production. The company has successfully completed numerous projects globally, including installations in data centers and significant infrastructure projects in the Middle East. Their focus on innovation and efficiency positions them as a notable player in the energy sector, particularly in cogeneration.

11. ONYX Power

• Website: onyx-power.com
• Ownership type: Private Equity
• Headquarters: Berlin, Berlin, Germany
• Employee distribution: Germany 52%, Netherlands 48%
• Latest funding: November 2019
• Founded year: 2019
• Headcount: 201-500
• LinkedIn: onyx-power

ONYX Power, founded in 2019 and based in Berlin, Germany, is a private equity-backed energy company that specializes in sustainable energy solutions. The company operates several thermal power plants across Germany and the Netherlands, with a total installed electrical capacity of approximately 2,330 MW. ONYX Power is dedicated to transitioning its coal-fired plants to CO2-neutral fuels by 2030, addressing the urgent need for reliable energy supply in the context of increasing renewable energy demand. Their operations include not only fossil energy but also district heating and biomass cogeneration, with a notable biomass plant in Zolling that utilizes sustainable raw materials. This strategic focus on sustainability and innovation positions ONYX Power as a significant player in the energy sector, particularly in cogeneration.

12. Korea Midland Power Co., Ltd.

• Website: komipo.co.kr
• Ownership type: Private
• Headquarters: Boryeong-Si, Chungcheongnam-Do, South Korea
• Employee distribution: South Korea 73%, Vietnam 19%, Indonesia 8%
• Founded year: 2011
• Headcount: 1001-5000
• LinkedIn: korea-midland-power-co-ltd-

Korea Midland Power Co., Ltd. is an energy company based in Boryeong-Si, Chungcheongnam-Do, South Korea, founded in 2011. The company specializes in power generation, operating thermal power plants and engaging in renewable energy initiatives. It serves a variety of clients, including businesses and government entities, by providing stable electricity and participating in power plant construction. KOMIPO is dedicated to enhancing energy technology and promoting sustainability. The company has made strides in the energy sector, including the development of eco-friendly facilities and the implementation of advanced monitoring systems to minimize environmental impact. With a workforce distributed across South Korea, Vietnam, and Indonesia, KOMIPO is also expanding its reach internationally, contributing to energy projects in various countries. Their operations include not only thermal power generation but also ventures into renewable energy sources, showcasing their commitment to a cleaner energy future.

13. Power Cogeneration Plant Company (PCPC)

• Website: pcpc-sa.com
• Ownership type: Private
• Headquarters: Al Khobar, Eastern, Saudi Arabia
• Employee distribution: Saudi Arabia 100%
• Founded year: 2014
• Headcount: 11-50
• LinkedIn: power-cogeneration-plant-company-pcpc-

Power Cogeneration Plant Company (PCPC) is an energy firm based in Al Khobar, Eastern Saudi Arabia, established in 2014. The company specializes in the construction and operation of cogeneration plants, providing electric power and steam primarily to Saudi Aramco. PCPC operates under a Build-Own-Operate-Transfer model, which allows them to manage the entire lifecycle of their projects. Their plants, including the Abqaiq, Hawiyah, and Ras Tanura facilities, are designed to deliver reliable energy while adhering to safety and environmental regulations. With a workforce of 24 employees, PCPC emphasizes sustainability and efficiency in energy production, contributing to the long-term development of the Kingdom of Saudi Arabia. Their commitment to corporate social responsibility and local employment through Saudization initiatives further highlights their role in the industry.

14. Kraftanlagen Energies & Services

• Website: kraftanlagen.com
• Ownership type: Private
• Headquarters: Flensburg, Schleswig-Holstein, Germany
• Employee distribution: Germany 81%, Romania 14%, Austria 3%, Other 1%
• Founded year: 1953
• Headcount: 1001-5000
• LinkedIn: kraftanlagen-m%c3%bcnchen

Kraftanlagen Energies & Services, founded in 1953 and based in Flensburg, Germany, is a private company that specializes in energy solutions, industrial services, and building technology. With a workforce of over 1,000 employees, the company provides a comprehensive range of services, including engineering, construction, and maintenance tailored to various industries such as energy, petrochemicals, and pharmaceuticals. A significant aspect of their operations is the focus on cogeneration, particularly through their Kraft-Wärme-Kopplung solutions, which allow for efficient energy use by generating electricity and heat simultaneously. Their commitment to decarbonization and sustainable energy practices positions them as a relevant player in the energy sector, particularly in the context of the ongoing transition towards more efficient and environmentally friendly energy systems.

15. Mitsubishi Hitachi Power Systems Americas, Inc.

• Website: amer.mhps.com
• Ownership type: Private
• Headquarters: Lake Mary, Florida, United States (USA)
• Founded year: 2001
• Headcount: 1001-5000
• LinkedIn: mitsubishi-hitachi-power-systems-americas-inc-

Mitsubishi Hitachi Power Systems Americas, Inc., based in Lake Mary, Florida, is a private energy solutions provider that specializes in renewable energy development and gas turbine manufacturing. Founded in 2001, the company has established itself as a key player in the energy sector, offering a range of products including gas turbines, hydrogen turbines, and energy storage solutions. Their technology is designed to meet the needs of utilities and industrial customers who are looking for reliable and sustainable energy options. The company is particularly noted for its advancements in gas turbine technology, which are essential for cogeneration applications. Mitsubishi Power Americas is also involved in projects that aim to reduce carbon emissions and enhance energy efficiency, further solidifying its role in the transition to cleaner energy sources.

16. Termogamma

• Website: termogamma.com
• Ownership type: Private
• Headquarters: Concorezzo, Lombardy, Italy
• Employee distribution: Italy 73%, Switzerland 27%
• Founded year: 1985
• Headcount: 11-50
• LinkedIn: termogamma-energy-solutions

Termogamma Impianti srl, based in Concorezzo, Lombardy, Italy, is a private company founded in 1985. With a workforce of 22 employees, Termogamma specializes in energy solutions, particularly in cogeneration and trigeneration systems. The company provides customized energy management services, maintenance, and revamping, catering to various industries including plastics, chemicals, pharmaceuticals, and hospitality. Their integrated technologies focus on cogeneration, trigeneration, free cooling, heat recovery, and biomass waste utilization. Termogamma emphasizes sustainability, claiming to have helped clients reduce energy consumption and operational costs significantly. They also monitor their systems remotely, ensuring optimal performance and efficiency. Their commitment to environmental responsibility is evident in their efforts to minimize carbon emissions and promote energy efficiency.

17. Trinidad Generation Unlimited (TGU)

• Website: tgu.co.tt
• Ownership type: Private
• Headquarters: Vessigny, Siparia Regional Corporation, Trinidad and Tobago
• Employee distribution: Trinidad and Tobago 100%
• Founded year: 2006
• Headcount: 51-200
• LinkedIn: trinidad-generation-unlimited

Trinidad Generation Unlimited (TGU) is a private energy company based in Vessigny, Siparia Regional Corporation, Trinidad and Tobago. Founded in 2006, TGU operates a 720-megawatt combined-cycle power plant, which is the largest of its kind in the Caribbean. The facility is designed to supply approximately 50% of the country's electrical energy, primarily to the Trinidad and Tobago Electricity Commission. TGU's operational model is built on international standards for independent power producers, emphasizing efficient energy generation. The plant employs a combined-cycle process that utilizes six gas turbines and two steam turbines, maximizing energy output while minimizing fuel consumption. TGU is fully staffed by local nationals, reflecting its commitment to the community and the development of local expertise. The company is also dedicated to corporate social responsibility, engaging in various community development initiatives. TGU is listed on the Singapore Stock Exchange, indicating its operational transparency and commitment to investor relations.

18. POSCO Energy

• Website: poscoenergy.com
• Ownership type: Private
• Headquarters: South Korea
• Employee distribution: Myanmar 38%, South Korea 33%, Panama 7%, Other 22%
• Founded year: 1969
• Headcount: 501-1000
• LinkedIn: posco-energy

POSCO Energy, founded in 1969, is a private energy company based in South Korea. It specializes in power generation and renewable energy solutions, providing a range of services that include LNG combined cycle power generation, wind and photovoltaic power generation, and waste-to-energy projects. The company operates Korea's first independent LNG terminal, the Gwangyang LNG Terminal, which has a substantial storage capacity of 730,000㎘. POSCO Energy has a strong commitment to sustainability, aligning with the Korean government's 'Renewable Energy 3020' action plan, which aims to increase the share of renewable energy in the country's energy mix. Their global business initiatives extend to projects in Indonesia and Vietnam, showcasing their ambition to expand their footprint in the energy sector. With a workforce that spans multiple countries, POSCO Energy is positioned as a comprehensive energy provider, focusing on cleaner energy solutions for various customers, including businesses and organizations.

19. Electrocentrale Bucuresti (ELCEN)

• Website: elcen.ro
• Ownership type: Private
• Headquarters: Bucharest, Bucharest, Romania
• Employee distribution: Romania 100%
• Founded year: 2002
• Headcount: 1001-5000
• LinkedIn: electrocentrale-bucuresti-elcen

Electrocentrale București S.A. (ELCEN) is an energy producer based in Bucharest, Romania, established in 2002. The company specializes in the generation of thermal and electric energy, primarily through cogeneration processes. ELCEN plays a vital role in supplying energy to municipalities, businesses, and residential customers in Bucharest, ensuring a consistent and reliable energy supply. The company operates several thermal power plants, including CTE Grozăvești, CTE București Vest, CTE București Sud, and CTE Progresu. ELCEN is actively involved in the local energy market, contributing significantly to the infrastructure and energy needs of the city. Their focus on high-efficiency cogeneration aligns with modern energy demands, and they are engaged in ongoing investments to enhance their operational efficiency and sustainability.

20. Energifera Srl

• Website: energifera.com
• Ownership type: Private
• Headquarters: Faenza, Emilia-Romagna, Italy
• Employee distribution: Italy 100%
• Founded year: 2006
• Headcount: 11-50
• LinkedIn: energifera-srl

Energifera Srl, based in Faenza, Emilia-Romagna, Italy, is an energy solutions provider that specializes in cogeneration technologies. Established in 2006, the company has built a reputation for delivering innovative and efficient energy solutions aimed at enhancing sustainability for businesses. Energifera offers a comprehensive range of products and services, including cogeneration systems that enable clients to optimize energy use, reduce costs, and lower emissions. The company has installed over 200 cogenerators and has a strong focus on integrating renewable energy sources into its offerings. With a commitment to the energy transition, Energifera is actively involved in developing technologies that support the use of hydrogen and other sustainable fuels. Their approach not only addresses immediate energy needs but also contributes to long-term environmental goals.

21. Kaltimex Energy Indonesia

• Website: kaltimex-energy.com
• Ownership type: Private
• Headquarters: Jakarta, Jakarta, Indonesia
• Employee distribution: Indonesia 100%
• Founded year: 1996
• Headcount: 51-200
• LinkedIn: kaltimex-energy-indonesia

Kaltimex Energy Indonesia, established in 1996 and based in Jakarta, is a private energy solutions provider specializing in power generation and energy efficiency services. The company offers a range of products, including gas engines, steam turbines, and renewable energy technologies, catering to industrial and commercial clients. Kaltimex is particularly noted for its cogeneration and trigeneration systems, which enhance energy efficiency by utilizing waste heat from power generation processes. They operate under various service models, including Independent Power Producer (IPP) and Engineering, Procurement, and Construction (EPC), allowing them to deliver customized energy solutions. Kaltimex has made significant strides in the Indonesian energy market, being the first to introduce efficient cogeneration systems in the region. Their commitment to sustainability is evident in their goal to support Indonesia's renewable energy targets. With a workforce of around 68 employees, Kaltimex continues to focus on reducing energy costs and improving sustainability for its clients.

22. Kineticor

• Website: kineticor.ca
• Ownership type: Venture Capital
• Headquarters: Calgary, Alberta, Canada
• Employee distribution: Canada 100%
• Latest funding: $80.0M, August 2015
• Founded year: 2013
• Headcount: 11-50
• LinkedIn: kineticor-resource-corp-

Kineticor is an energy company based in Calgary, Alberta, that specializes in the development, ownership, and operation of power generation facilities throughout Canada. Founded in 2013, Kineticor has established itself as a player in the energy sector, focusing on sustainable solutions that include cogeneration and combined cycle power generation. The company operates the Pipestone Power Project, a cogeneration facility that generates both electricity and heat, showcasing its commitment to efficient energy use. Kineticor is also involved in larger projects, such as the Cascade Power Project, which emphasizes their capacity to handle significant energy demands. With over 2,400 MW of power generation capacity in various stages of operation, construction, and development, Kineticor is dedicated to addressing the energy needs of local communities while integrating renewable sources and reducing emissions. The company has received substantial funding, amounting to $80 million, to support its initiatives, indicating investor confidence in its business model and growth potential.

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