07.03.2017

Scania’s venture capital arm makes first investment in Finland’s Enersize

Enersize’s proprietary efficiency management solution has generated energy savings of up to 50 per cent in industrial compressed air systems.

Scania, a Swedish manufacturer of commercial heavy-duty buses and lorries, has acquired a minority stake in Enersize, a Helsinki-based data acquisition and analysis software developer, in a bid to establish itself as a leader in sustainable transport solutions.

Enersize’s proprietary software enables production facilities to reduce the energy consumption of their compressed air systems – usually by 20–30 per cent and, in some cases, by up to 50 per cent.

 

“We see great potential in the company and its ability to develop in the global market for energy-efficient and sustainable industrial production,” comments Daniel Wedberg, the head of corporate management and venture business at Scania. “Enersize’s solution can contribute to a significant reduction in energy consumption at Scania’s industrial facilities and service workshops.”

 

Compressed air systems are a feature of roughly 90 per cent of production facilities and account for 5 per cent of global electricity consumption.

 

Revenue sharing


Enersize’s software acquires data from industrial compressed air systems and analyses them, by utilising cloud and IoT computing, to identify bottlenecks, imbalances,  and design flaws. The efficiency management solution is provided to production facilities for free, typically under a three to five-year revenue sharing agreement.

 

The solution has already been adopted by a leading flat-screen manufacturer and a number of well-known steel and vehicle manufacturers, according to Enersize.

 

Scania made the yet undisclosed investment through its newly-established venture capital fund, Scania Growth Capital, on 28 February, 2017. The fund was established to invest in companies promoting the transition towards greener transport systems and efforts to discover disruptive technologies and business models.

Picture credit: Scania