AboutEurope · Middle East · North America

Built to Fix What Everyone Else Ignored

Reactive power loss has existed since the first AC electrical network was built. For decades, the industry accepted it — passive capacitor banks offered partial, static compensation, but nobody had truly solved the problem of eliminating power quality waste at its source.

01 / Our storyPatented hardware

For over a century, reactive power loss has been accepted as an unavoidable cost of industrial electricity. We changed that.

HarmoniQ was founded by a team of engineers and industrial operators who refused to accept this status quo. Today we bring to market patented hardware — field-verified in demanding industrial environments — that cleans electrical current at every frequency, eliminating the distortions that cause waste before they occur.

With 30+ years of engineering heritage behind it, the technology is proven. Our work now is bringing it to every energy-intensive facility where power quality is quietly costing money.

Engineering heritage
30+ years
Energy savings · kWh
10–20%
Equipment life
2–4×
Operational disruption
0
02 / LeadershipLondon · MENA

Built by Proven Operators & Engineers

Our team brings together deep industrial operational experience, hands-on engineering expertise, and top-tier commercial and financial acumen.

Our team's background

  • KKR
  • Partners Group
  • Massachusetts Institute of Technology
  • University of Cambridge
  • Schneider Electric
  • Morgan Stanley
  • Alstom
  • McKinsey & Company

Founders

Oleg Shamovsky

Oleg Shamovsky

Co-Founder, Chairman & Chief Executive Officer

Ed Stone

Ed Stone

Co-Founder & Chief Strategy Officer

Oscar Maynard

Oscar Maynard

Co-Founder & Chief Technology Officer

Leadership team

Paul Bou Chebl

Paul Bou Chebl

Regional Managing Director, MENA

Khalid Tabbara

Khalid Tabbara

Finance Director

Axel Ranløv

Axel Ranløv

Business Development Director

On site

  • Three of the HarmoniQ team in orange coveralls and hard hats at the entrance to a mine tunnel
    Copper mine · Mining · AlbaniaAt the mine entrance
  • Two of the HarmoniQ team in hard hats and high-visibility vests either side of three installed HarmoniQ Deltas
    Insulation manufacturer · Manufacturing · USAThree Deltas, installed
  • A member of the HarmoniQ team in a high-visibility vest checking an open distribution board against a tablet
    Distribution centre · Logistics & warehousing · UAESurveying a distribution board
  • Two of the HarmoniQ team in hard hats and coveralls beside a run of orange motor control panels
    Coal mine · Mining · EswatiniTwo of the team in the mine’s switchroom
  • Five of the HarmoniQ team standing together in a hotel courtyard in Giza
    Hotel · Hotels & hospitality · EgyptFive of the team in Giza
03 / Two basesUnited Kingdom · United Arab Emirates

Two Bases, One Standard

HarmoniQ is a UK company, with a regional company in Abu Dhabi for the Middle East and North Africa. The technology, the engineering standard and the guarantee at your meter are the same from both.

United Kingdom
HarmoniQ Technologies LtdRegistered in England & Wales · 16926810 · The group’s parent company
Abu Dhabi
Harmoniq Technologies MENA LimitedMasdar City Free Zone · MC 14694 · HarmoniQ MENA
Markets
Country reports, by regionTariffs, charges and power-factor rules, market by market · Global Reach
04 / PrinciplesWhat we stand for

What We Stand For

Four commitments behind every site we work on.

Science-first

Every claim we make is grounded in measurable physics and verified data. We don't promise what we can't prove — which is why we offer site assessments before any commitment.

Aligned incentives

We back our hardware with a minimum performance guarantee and stay engaged for the long term. We're not selling you a box — we're partnering on long-term performance.

Decarbonisation impact

Every percentage point of energy saved is CO₂ not emitted. We exist to make the world's energy use more efficient — profit and planet are not in conflict here.

Relentless innovation

The electrical world is changing — electrification, renewables, and distributed generation are creating new power quality challenges. We're already developing the next generation of hardware.

05 / Work with usenquiries@harmoniqtechnologies.com

Want to Work With Us or For Us?

Whether you're a prospective customer or talented engineer — we'd love to hear from you.

Get in touch