Putting an end to wasted residential energy

What is the outcome?

Egain’s solutions can connect buildings, give insight into energy usage, and optimize consumption. Once the building is connected, Egain offers real-time measurement and management, visualization, analytics and algorithmic optimization to enable property owners to operate their portfolios in a significantly more sustainable manner, reducing emissions and consumption, and saving on property overhead costs.

Who are the stakeholders?

It is not only the property owners who benefit from increased sustainability and cost savings. Tenants can be reassured of a reduced carbon footprint if their building is optimized by Egain, and they also benefit from a more stable indoor climate. Finally, through peak load control, energy providers will be under less strain and a lighter energy infrastructure can support a larger population.

How big is the effect, and does it last?

Customers can save 10 – 15% of their energy consumption (12 kWh average savings per sqm per year), reducing CO2equivalent emissions by 1.5kg per sqm per year. Egain already covers 300,000 apartments in 11 countries, with up to 80,000 sqm per building. The current installed base covers the indoor climate of approximately 800,000 people. As the software platform is scalable, Egain can in essence cover as many buildings as are willing to sign up, and as the solution covers more data it also becomes better at optimizing, anticipating and supporting energy saving decisions.

If Egain didn’t exist…

Without Egain, or a similar service, property owners and tenants would be forced to either bear the externalities stemming from of unnecessary increase in energy consumption and slow progress on sustainability, in addition to increased real estate operating costs. Retrofitting addresses the 75% of buildings in Europe that are currently energy inefficient. They cannot all be torn down and replaced.

Impact risk: what can go wrong?

Data handled by Egain is not of a particularly sensitive nature, but there are unpredictable threats. Issues can arise in the form of data breaches or system malfunctions. Also, if the company experiences technological disruption or superior competing solutions, the current product portfolio may not achieve its full impact. Egain continuously invests considerable amounts of capital and effort in R&D to counteract these risks. In addition, Egain has moved its services to Google Cloud, which is recognized as the most sustainable cloud service in today’s market.