Articles

In this Research Note, we examine aedifion, a German AI HVAC optimization startup which has over 400 buildings under management, accounting for more than 4.2 million square metres. aedifion Profile aedifion GmbH is a startup based in Cologne, Germany, offering an AI-enabled platform for energy optimization in non-residential buildings. The firm was established by Dr.-Ing. […]

In this Research Note, we examine the IPO of Energys Group, a UK energy efficiency and decarbonization solutions provider, having completed a Nasdaq listing on 2nd April 2025. We highlight the strategic implications of the listing, positioning it for expansion and increased visibility. Energys Group Profile Energys Group Limited is a holding company headquartered in […]

In this Research Note, we examine Stem’s energy storage and solar business and assess their revised strategic direction towards a software-centric model. This article is based on Stem’s Q4 2024 results, published on 4th March 2025, Q3 2024 results, published on 30th October 2024, and their latest 10K report. Stem Profile Founded in 2009, Stem […]

In this Research Note, we examine CarbonQuest, a US startup that has developed a decarbonization solution that captures CO2 from buildings before it is emitted to the atmosphere. CarbonQuest Profile Founded in 2015, CarbonQuest, (formerly NextWatts, Inc.) is headquartered in Spokane, Washington with a commercialization team in New York City. The startup has developed a […]

This Research Note explores the business activities and financial highlights of the Fagerhult lighting group, based on their 2024 results announced 19th February 2025 and Company Presentation, May 2024. We also highlight the progress of the company’s smart connected lighting activities in the past year, with their Organic Response brand. We previously covered the company […]

This Research Note explores Voltalis, a French Demand Response aggregator, specializing in intelligent demand-side management which temporarily modulates electricity consumption in homes and buildings to balance supply and demand. We examine the company’s platform, its market leadership in France, entry into the UK and external funding, before providing our view on the market. Voltalis Profile […]

This Research Note looks in-depth at Deepki, a French ESG platform provider offering a SaaS solution that uses data intelligence to guide real estate players in their net-zero transition. We examine the maturing software startup, its external funding, acquisitions, and deployments, and provide our view on their business. Deepki Profile Co-founded in 2014 by CEO […]

In this Research Note, we examine ABB’s Electrification business and its 2024 financial results announced on 30th January 2025, specifically in relation to commercial buildings and data center end markets. We also highlight acquisitions and investments made by the business throughout 2024. ABB Electrification Divisions The Electrification business is split into 5 divisions, which provide […]