Egain Group

Significant energy and emission savings

Company details

Year Aquired

2016

Location

Sweden

Revenue (2018)

72 mSEK

Sector

Energy saving

Employees

50

Investment Themes

Resource Efficiency

Contact

If you want to know more about Egain Group please contact Gisle Glück Evensen at: gisle.gluck.evensen@summaequity.com

Egain is a leading Nordic IoT business providing remote optimization and climate-based control of heating, addressing residential multi-apartment buildings larger than 1,000 m2

Through sensors and forecasted weather data, it applies an intelligent algorithm-based control of heating, which saves customers 10–20% of their energy consumption.

 

Challenge

Buildings account for 41% of the energy consumption and 36% of greenhouse gas emissions in the EU1. To date, the conversion of traditional buildings into energy efficient buildings has been a slow process.

 

%
of global energy consumption accounted for by buildings
%
share of greenhouse gas emissions caused by buildings

 

How do we solve it?

Egain is a technology company that links smart sensors, intelligent software, big data and human energy expertise to provide self-optimized and energy efficient buildings. Through this, Egain reduces the energy used in residential buildings that have district heating which ultimately results in an average total CO2 saving of 26k tons per year. This is equivalent to taking 5,520 cars off the road for a year2. In addition to optimizing energy use, Egain offers an unrivaled payback rate for its customers of one to two years..

 

How do we improve?

If district heating providers were to employ Egain across all of their customers, they could decrease their peak production and significantly decrease the energy consumption and cost across the building. Egain can also “egainify” all buildings, not only residential buildings.

 

Value creation

The transition to energy efficient buildings has been slow. Egain provides significant energy savings and improved tenant wellbeing which translates into increased property value and cost savings opportunities for their customer base. Thanks to the smart cloud service, the company can realize this value faster than other solutions in the market. This has positioned Egain as an attractive service provider resulting in a loyal customer base and growing recurring revenues.

Year Aquired

2016

Revenue (2018)

72 mSEK

Employees

50

Investment Themes

Resource Efficiency

Sector

Energy saving

Location

Sweden

Contact

If you want to know more about Egain Group please contact Gisle Glück Evensen at: gisle.gluck.evensen@summaequity.com

Website

Video

SDG Alignment
SDG Wheel
SDG 7
SDG 11
SDG 13
KPI reporting
SDG 8

REVENUE (SEKm)

2018
+4%
72
2017
69
SDG 11

MILLION M2 AREA SERVED

2018
+6%
17
2017
16
SDG 7

MILLION KWH SAVED

2018
+1%
209
2017
206
SDG 13

TONS NET C02 SAVINGS

2018
+22%
26K
2017
22K

Learn more about eGain

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Summa expands footprint in Smart Energy market with investment in Metry

Stockholm, 5 March 2019 – Swedish energy tech company Metry, whose platform helps the real estate sector digitise and structure energy data to become more energy efficient, is announcing a rights issue and investment of 14 million SEK. The funds will support the continued development of the company’s position as an unbiased/independent actor in the...
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