Investment & Fund Management

Nordic Propeye, a company based in Stockholm, Sweden, specializes in enhancing the energy efficiency of buildings through the installation of sensors that monitor various performance metrics, including temperature, humidity, CO? levels, and the consumption of electricity, water, and energy. The primary challenge faced by Nordic Propeye was the need for external financing to support the development and deployment of their hardware solutions, which are essential for their energy efficiency initiatives.

To address this challenge, Nordic Propeye secured an EU-guaranteed loan backed by the European Investment Fund (EIF) under the InvestEU programme. This financing enabled the company to package their products, such as CO2 sensors and energy/water/electricity meters, into comprehensive service offerings. The tailored solution provided by Nordic Propeye not only facilitated the financing of their hardware but also allowed them to implement significant energy-saving interventions.

The results of their efforts have been impressive, with energy savings ranging from 15% to 25% and a typical payback period of around two years. As of now, Nordic Propeye has connected over 100,000 flats and installed more than 180,000 sensors and meters, managing over 2.0 million square meters of office and commercial space. This extensive monitoring and management contribute to improved air quality and reduced energy consumption, helping buildings achieve green classification and increasing their overall value. Despite challenges related to ageing infrastructure, Nordic Propeye remains committed to making real estate and condominiums more energy-efficient, clean, and sustainable.