The hybrid thermal power industry, delivering a dual-energy source, is revolutionizing the power sector. It combines heat and electricity production, offering a more efficient, environmentally friendly alternative to conventional power generation. The industry is populated by a mixture of traditional power companies, renewable energy firms, and tech start-ups. Companies, like Jaiprakash Associates Ltd, Kosovo Electricity Distribution and Supply, and Abora Solar, offer varying solutions, innovating in areas like solar, hydropower, and thermal energy. The future of this industry envisages a growth trajectory, primarily driven by increased demand for clean energy solutions, government regulations, and technological advancement.


Top 21 Hybrid Thermal Power Companies

1. Jaiprakash Associates Ltd.

  • Website: jalindia.com
  • Headquarters: Noida, Uttar Pradesh, India
  • Founded: 1979
  • Headcount: 10001+
  • Latest funding type: Series Unknown
  • LinkedIn

Jaypee Group is a power generation company that specializes in hydropower and thermal power. They have three operational hydro power plants and a thermal power plant, with plans to increase their total power generation capacity in the future. The company has a strong presence in the power sector and has made significant contributions to the national grid. They are known for their expertise in power generation and have a wide range of experience in both hydropower and thermal power.


2. Kosovo Electricity Distribution and Supply

Kek-energy.com is a company operating in the energy industry, specifically in the production and generation of electricity. They have two main divisions, Termocentrali Kosova A and Termocentrali Kosova B, which produce electricity and generate thermal energy. The company also manages quality control and training programs. They cater to various customer groups in the energy sector and adhere to regulatory standards.


3. Abora Solar

Abora Solar is a company that offers hybrid solar panels utilizing aHTech® technology, which generates the most energy per m2. Their panels allow for the dual generation of energy, electricity, and heat, resulting in a more cost-effective solution for solar coverage. With their innovative approach, Abora Solar aims to help customers reduce their energy bills and reliance on the electricity grid.


4. X2 Energy

X2 Energy is a leading hybrid/microgrid power solutions provider combining conventional thermal power generation with renewable energy. The company provides a holistic power generation solution for customers through multi-fuel generators and renewable power sources.


5. USP&E Global

USP&E is an engineering, procurement, and construction company specializing in energy projects. With 20 years of experience, we have provided excellence in guiding large and renowned companies to achieve energy sustainability, delivery, efficiency, and reliability. Our services include EPC, operations and maintenance, and hybrid energy integration.


6. Vast Solar Pty Ltd

  • Website: vastsolar.com
  • Headquarters: Darlinghurst, New South Wales, Australia
  • Founded: 2009
  • Headcount: 11-50
  • LinkedIn

Vast Solar is a world leader in solar thermal technology, specializing in flexible and modular concentrated solar thermal power (CSP) solutions with high performance and affordable thermal storage.


7. Greenstone Energy

Greenstone Energy is a renewable energy company that offers innovative energy solutions utilizing solar and gas hybrid technology. They provide affordable and reliable energy solutions to municipalities, commercial, and industrial customers.


8. Pacific Energy

Pacific Energy is a leading provider of remote, off-grid energy solutions in Australia. With over 40 years of experience, the company specializes in stand-alone power systems and hybrid renewables, combining solar, wind, and storage with backup thermal energy. Pacific Energy serves diverse industries such as mining companies and state-owned utilities, delivering clean energy solutions and cutting-edge technology.


9. Juru Energy

  • Website: juruenergy.com
  • Headquarters: London, Greater London, United Kingdom
  • Founded: 2015
  • Headcount: 51-200
  • LinkedIn

Juru Energy is an international energy consulting and engineering firm that offers a wide range of services in the power generation, transmission, and distribution sectors. With expertise in engineering studies, design, and supervision, Juru Energy covers all major technologies and provides solutions for efficient thermal power, solar power, wind power, hydropower, and hybrid systems. The company also offers environmental and energy systems advisory services, investment and economic planning, and transaction advisory and due diligence.


10. Margen Spa

  • Website: margen.it
  • Headquarters: Modena, Modena, Italy
  • Founded: 1960
  • Headcount: 51-200
  • LinkedIn

Margen S.p.A. is an energy company operating in the global market. With over 60 years of experience, Margen specializes in the production of electricity and heat. They offer a wide range of solutions such as power plants, cogeneration systems, and hybrid systems. Margen's technical expertise and commitment to quality have propelled their constant growth. They serve various sectors worldwide, including Africa, the Middle East, and Asia.


11. Enersion Inc.

  • Website: enersion.com
  • Headquarters: Toronto, Ontario, Canada
  • Founded: 2016
  • Headcount: 11-50
  • Latest funding type: Non Equity Assistance
  • LinkedIn

Enersion is a company that specializes in decentralized power solutions, reducing energy losses in transmission and distribution. They offer refrigerant-free cooling technology, tri-generation systems, and solutions for converting sunlight into electricity, heating, and cooling. Their focus is on creating sustainable and efficient energy solutions for a greener future.


12. Tyt

TYT develops smart and renewable technologies for a sustainable future since 2013. TYT brought in many breakthroughs such as floating solar photovoltaic system and hybrid concentrated solar power and geothermal power plant with an awarded team by MIT, Forbes and GCIP. TYT provides consultancy services, turnkey solutions, project development, EPC services, financing and operation and maintenance services for renewable energy. Our references include • Madinah Airport, Saudi Arabia | Technical Consultancy for 50 MW Solar Power Plant • Limak Energy, Turkey | Consultancy for Digitalization of Electric Distribution Company • Istanbul Metropolitan Municipality, Turkey | R&D and EPC for 120 kW Floating Solar Power Plant • Unilever Konya Home&Personel Care Products Facility, Turkey | EPC for 85 kW Solar Power Plant • Gumuskoy Geothermal Power Plant | R&D and EPC for 200 kWt Concentrated Power Plant


13. TX Wind and Solar

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14. TX Wind and Solar

TX Wind and Solar is a company that operates in the Environmental Services industry. It employs 11-20 people and has $5M-$10M of revenue. The company is headquartered in Allen, Texas.


15. MinWaterCSP

MinWaterCSP aims to develop advanced cooling and mirror cleaning technologies as well as integrated water management plans to reduce cooling system water consumption by up to 95% relative to wet only cooling systems and mirror cleaning water consumption by up to 25%, while maintaining overall cycle efficiency.


16. RMS Energy Private

RMS Energy aims to empower its customer by providing a complete package of product, service and consumer financing through cooperative societies, commerical banks and micro-finance institutions. Key Features


17. Soloya Belgium

  • Website: soloya.be
  • Headquarters: Houthalen, Flemish Region, Belgium
  • Founded: 2008
  • Headcount: 11-50
  • LinkedIn

Soloya is a provider of air conditioning systems, solar panels, home batteries, heat pumps, and electric car charging stations. Their products offer a pleasant and optimal indoor climate for homes, offices and businesses alike.


18. Encotec Energy (India) Pvt. Ltd.

Encotec Energy is a global service provider to the energy sector, specializing in the design and supply of photovoltaic systems, operation and maintenance of energy facilities, and the trading of Chinese power plant spare parts.


19. ComAp Group

ComAp is a company that offers power generation and management solutions for various industries. They provide a range of products and services, such as engine controllers, switchgear control, and bi-fuel solutions. Their expertise lies in delivering reliable and efficient power solutions to their customers. ComAp serves industries like telecom, oil and gas, industrial, and renewables.


20. ZELYA Energy

  • Website: zelya.com
  • Headquarters: Nice, Provence-Alpes-Cote D&S;Azur, France
  • Founded: 2004
  • Headcount: 11-50
  • LinkedIn

Zelya Energy is a power market strategy consulting firm that offers transaction advisory services for energy assets and companies, with exclusive expertise in power generation projects and activities including renewable and conventional thermal power plants. They provide tailored and efficient energy advisory services in market research, due diligence, strategic analysis, and asset valuation.


21. Stornetic GmbH

Stornetic designs and manufactures flywheel-based fast power storage solutions. Its DuraStor and EnWheel technologies provide safe, reliable and durable solutions for decentralized load balance, grid stabilization and hybrid power supply management applications.


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