From energy bill to energy income
Vianor Åsane couldn’t see where its electricity was going. With help from Noova, they cut consumption by 75 percent in six months. For Noova, that’s just the beginning. The next step is buildings that make money from their energy.
Where the energy goes
Noova started out in 2005 as an electricity supplier to businesses. Today, it monitors close to 11,000 buildings across Norway, Sweden and Finland.
“We’re a complete energy partner. We help businesses and property owners use less energy and get more value from the energy they do use,” she says.
Noova combines energy data with information from meters, sensors and building management systems. Much of the analysis is automated.
“AI helps us analyse, learn and optimise,” she says.
That shows customers where their energy is leaking away, which is exactly what Vianor Åsane needed.
“Together, we found consumption that could be cut or shifted,” she says.
Smedvig Eiendom gained an overview of energy use across 44 buildings. The result was 14.8 percent lower consumption and around NOK 2.5 million in annual savings.
“Many people still believe that big energy cuts require expensive investments and complex projects. In our experience, it’s often the opposite.”
Buildings that make money
A lower energy bill is only one of the benefits. Customers also gain overview and control. Operations teams spot deviations earlier, and management gets a better basis for decisions.
“But the energy market is changing fast right now, and we’re especially focused on the fact that those who can shift, store or adjust their consumption stand to earn a lot of money,” says Schlotterbeck.
Tryggheim boarding school is a good example. The school has worked systematically on its energy use and invested in solar power. Now it’s investing in a battery.
“The battery will store energy, cut peak loads and offer capacity in the flexibility market. It’s a good picture of what the buildings of the future will look like,” she says.
So what will the payoff be a few years from now?
“We believe the answer, very soon, will be that they’re making money from electricity.”
Ready for the next level
Noova’s energy technology is among the most sought-after on the market. At Oslo Proptech Summit 2026, the company will show where the easiest gains are, and challenge some of the industry’s established truths.
“Now it’s all about the next level: making every building an active part of the energy system. This affects property value, financing and how attractive the building is to tenants,” says Schlotterbeck.
