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 service offerings.

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 into comprehensive service solutions, allowing them to grow and expand their offerings. The interventions provided by Nordic Propeye have demonstrated significant financial benefits, with energy savings ranging from 15% to 25% and a typical payback period of around two years.

As a result of their efforts, Nordic Propeye has successfully connected over 100,000 flats and installed more than 180,000 sensors and meters. They are currently monitoring and managing over 2.0 million square meters of office and commercial building space. The company aims to help clients achieve lean, clean, and green real estate solutions, contributing positively to the climate challenge while also enhancing the value of the buildings they service.