Clearwater International advises Inopower on its sale to Magnesium Capital

Clearwater International has advised Inopower, a leading European supplier of power-to-heat solutions, on its sale to Magnesium Capital, an energy transition-focused private equity fund.

Established in 2002, Inopower is Europe’s leading supplier of high-voltage power-to-heat solutions for energy generation, specialising in hot water and steam boilers. Originating through controls and software, the company has more than 15 years’ experience in high-voltage electrode boilers and has designed an in-house load control system, enabling a mix of generation and consumption assets to balance the power grids with a large feed-in of renewable energy. In 2022, Inopower doubled its turnover and expects around 50% more growth in 2023.

Inopower’s vision is to provide reliable state-of-the-art electrification solutions for the decarbonisation of the worldwide power system, which is vital for the green energy transition. Its technology allows clients to achieve a zero-carbon footprint when generating power from renewables, making it an important player in this transition for heat and steam production.

Magnesium Capital is a private equity fund focused on the tech industry, investing in companies that drive the green transition. This partnership will enable Inopower to accelerate its growth and focus on this transition, within the power-to-heat sector.