Energy Efficiency

This Research Note examines a potential acquisition of Shelly Group, a European public company based in Bulgaria that provides IoT and smart home solutions, by Schneider Electric.  We explore the target company, its market, financial performance, and fit with Schneider Electric. This Research Note updates our previous coverage of the group in January 2025. Reported Tender […]

Follow the money in smart buildings this year and it leads, overwhelmingly, to one place: energy. Building energy management startups captured 49% of all investment value in the sector in H1 2026, over $2.6 billion across 57 funding rounds In our new report, Startups in Smart Buildings H1 2026, we break down exactly where that […]

This Research Note examines learnd UK & Ireland BMS integration and service business, after their strategic MBO in September 2025. We review 2025 and Q1 2026 financial highlights, based on AnchorCore SE announcements, before commenting on their strategy to date. learnd UK Profile learnd Ltd addresses the growing market for intelligent, energy-efficient building management in […]

This Research Note examines investment trends across the Architecture, Engineering & Construction (AEC) lifecycle, drawing on our Startups in Smart Buildings Report H1 2026, which analyzed early-stage AEC startups developing AI-powered platforms for workflows, productivity and evidence-based decision-making. A Software Landscape in Transformation The AEC software landscape is being reshaped by a wave of early-stage […]

This Research Note examines Albireo Energy, the largest independent building control systems integration and energy services company in the U.S. We explore their 2025 financial highlights, their strategy, and their latest acquisition, PASCO Building Automation Systems.  This article updates our July 2025 Research Note on the company. Albireo Energy Profile Founded in 2014, Albireo Energy, […]

This Research Note examines the technology strategy of JLL, the $26.1B global real estate services firm, investing in startups in the smart buildings space.  We examine the investments of JLL Spark over the past 18 months and highlight their shift in focus, before commenting on their alignment with broader trends in the sector and how […]

This Research Note examines the strategy of Bosch Home Comfort Group in the smart commercial buildings market. We review the development of its light commercial portfolio for small and medium-sized buildings and its partnership with Hitachi for a suite of AI-powered building management solutions, before commenting on the overall offerings of the Bosch group in […]