
Bowman Power
We are experts in designing, manufacturing, and supporting electrified turbomachinery solutions for engines and fuel cells.
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£340k | Grant | ||
Total Funding | 000k |
GBP | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
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Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% growth | (5 %) | (7 %) | (8 %) | - | - | - | - |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% EBITDA margin | (118 %) | (163 %) | (148 %) | - | - | - | - |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% profit margin | (136 %) | (202 %) | (195 %) | - | - | - | - |
EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
R&D % of revenue | - | - | 28 % | - | - | - | - |
Source: Company filings or news article
Established in 2004 and headquartered in Southampton, UK, Bowman Power operates as a specialized manufacturer of electrified turbomachinery for industrial engines and fuel cells. The company addresses the market for power generation in sectors requiring high efficiency and lower emissions, including stationary and mobile generator sets, heavy-duty vehicles, and locomotives. Its client base includes major original equipment manufacturers and operators of power generation equipment like Cummins, Wärtsilä, and Aggreko. Bowman Power's business model centers on the design, production, and support of its proprietary hardware systems, which are sold to improve the performance of both existing and new power systems.
The company's core offering is its eTurbo Systems product range, powered by its proprietary TorqIQ® technology. This technology integrates high-speed electrical machines with power electronics and turbomachinery to intelligently manage torque, enabling real-time optimization of engine boosting and waste heat recovery. The product portfolio includes eCompressors for boost assistance, eTurbines for heat recovery, and integrated eTurbochargers that combine both functions. These systems are engineered to increase engine power density, improve fuel efficiency by 4-7%, and reduce CO2 emissions. A significant benefit is their adaptability to future fuels, including hydrogen, by enhancing the efficiency of internal combustion engines and increasing the power density of hydrogen fuel cells.
The company's journey began with a focus on micro turbo systems, evolving through challenging early years, including a market downturn in 2004. The current CEO, Paul Dowman-Hughes, joined in 2012 as Engineering Director and took the helm in 2017. His background in maritime engineering has informed the development of the company's robust Electric Turbo Compounding (ETC) systems. Bowman Power has secured a total of $17.4M in funding over several rounds, with investors including Octopus Ventures and Ombu Group, which has supported its growth and the deployment of hundreds of systems globally.
Keywords: electrified turbomachinery, waste heat recovery, eTurbo Systems, TorqIQ, engine efficiency, emissions reduction, power density, generator sets, industrial engines, fuel cell optimization, electric turbo compounding, eCompressor, eTurbine, hydrogen engine, sustainable power, turbogenerators, high-speed electrical machines, power electronics, distributed generation, fuel efficiency