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.
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.
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.
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.