Energy & PowerJul 17, 2026

EthosEnergy

Company Profile Analysis

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Year Founded & Workforce

2013-12-31

4,500 Employees

Industry

Energy & Power

Services

EthosEnergy Overview

Company Headquarters: Houston, US

Founded: 2014

Workforce: ~4,500

Company Working: EthosEnergy is an independent service provider engaged in providing rotating equipment solutions and services for industries, such as oil & gas and power generation. The company operates through two business segments— products and services. EthosEnergy offers its gas turbine services under the services segment. It also provides services for components including compressors, generators, light turbines, steam turbines, and transformers, under this segment. The company offers a comprehensive range of service solutions for gas turbines including maintenance, repair, overhaul, and life extension. Additionally, the company also offers services for gas turbines from manufacturers such as ABB (Switzerland), General Electric (the US), Siemens AG (Germany), Mitsubishi heavy Industries Ltd (Japan), and Westinghouse Electric Corporation (the US).

EthosEnergy has offices and facilities in over 45 locations, globally, including Australia, Canada, China, Germany, Italy, Oman, Qatar, Switzerland, and the US. The company has manufacturing units in ten locations, globally, including Italy, Poland, Thailand, the Netherlands, the UK, and the US.

Strategy

EthosEnergy focuses on inorganic growth by increasing its capacity to provide services for rotary equipment, which is seen in the numerous contracts the company gained in 2018 alone. It is also focused on growing its market share in the US, which is showcased by the company’s increasing number of offices and facilities in the US. In 2018, the company had about 17 facilities in the US. Additionally, as a key part of its strategy, the company is collaborating with major original equipment manufacturers to increase its market share in the gas turbine industry.

Company Snapshot

4,500

Employees

2013-12-31

Founded

Houston, US

Headquarters

SWOT Analysis

Strengths

Offers independent gas turbine services for numerous brands
Manufactures parts for gas turbines

Weaknesses

Dependence on North America

Opportunities

Partnerships with OEMs to provide equipment service
Scope for growth in Africa

Threats

Constant advancements in technology from gas turbine manufacturers

Key Developments

Date	Approach	Development
August 2018	Contract and Agreement	EthosEnergy won a six-year maintenance contract for seven power production plants across the US. The contract includes the maintenance of three Westinghouse gas turbines and five steam turbines. The contract is expected to increase the company’s market share in the US further
August 2018	Contract and Agreement	EthosEnergy signed a contract with UMPA (the US) to retrofit five GE gas turbines with an icon control system, a virtualized balance of point, and a new plant historian. The development has boosted the sales of the icon technology of the company
June 2018	Contract and Agreement	EthosEnergy signed an eight-year agreement with a power plant in Texas, the US. Under the contract, the company will provide maintenance services for GE turbines and generator units
May 2018	Contract and Agreement	EthosEnergy signed a contract to upgrade two Pratt and Whitney FT4 TwinPac gas turbines in the US, with its icon control upgrade. The contract is expected to increase the company’s market share in the country further
March 2018	Contract and Agreement	EthosEnergy signed a one-year agreement with TransAlta Corporation (Canada), for component repair, parts replacement, field services, and maintenance of a GE gas turbine and its generators
May 2018	Contract and Agreement	EthosEnergy signed a contract to upgrade two Pratt and Whitney FT4 TwinPac gas turbines with icon control upgrade of a client based in South Korea
March 2017	Contract and Agreement	EthosEnergy signed an agreement with Puget Sound Energy (the US), for inspecting various equipment including gas turbines and generators
June 2021	Contract	EthosEnergy has secured a multi-million-dollar operations and maintenance (O&M) contract extension by TexGen Power for the operation of three power generation assets in Texas.
April 2020	Contract	EthosEnergy has been awarded a multi-million-dollar long term service agreement by Maruzen PetroChemicals in Japan. The four-year contract covers new gas turbine parts, component repair, maintenance and field services for a Frame 6B Gas Turbine.

Product Offering

EthosEnergy
- Gas turbine services

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About the Author

Wantstats Research Team

Wantstats' research desk profiles EthosEnergy as part of our ongoing coverage of the Energy & Power sector, drawing on public company data, filings, and market intelligence.

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I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

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Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.

Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.

Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.

Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.

Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.

Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.

Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.

Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

EthosEnergy

Company Headquarters: Houston, US Founded: 2014 Workforce: ~4,500 Company Working: EthosEnergy is an independent service provider engaged in providing rotating equipment solutions and services for industries, such as oil & gas and power generation. The company operates through two business segments— products and services. EthosEnergy offers its gas turbine services under the services segment. It also provides services for components including compressors, generators, light turbines, steam turbines, and transformers, under this segment. The company offers a comprehensive range of service solutions for gas turbines including maintenance, repair, overhaul, and life extension. Additionally, the company also offers services for gas turbines from manufacturers such as ABB (Switzerland), General Electric (the US), Siemens AG (Germany), Mitsubishi heavy Industries Ltd (Japan), and Westinghouse Electric Corporation (the US). EthosEnergy has offices and facilities in over 45 locations, globally, including Australia, Canada, China, Germany, Italy, Oman, Qatar, Switzerland, and the US. The company has manufacturing units in ten locations, globally, including Italy, Poland, Thailand, the Netherlands, the UK, and the US.

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