Energy Efficiency

“I always say ‘tariffs’ is the most beautiful word to me in the dictionary,” said US President Donald Trump on numerous occasions. Barely three months into his second term as president, Trump may have made more tariff changes than any period in modern US history. Today, on “Liberation Day”, Trump is set to make a […]

This Research Note takes an in-depth look at UK/US startup Noda’s filing of their 2023 accounts, released on 24th March 2025, detailing the financial results of Information Grid Ltd. We also comment on subsequent events in 2024 and 2025, including headcount reductions, transaction details of the Buildings IoT acquisition, rebranding and total disclosed funding. This […]

In this Research Note, we examine Ameresco’s energy services business based on their Q4 2024 results published on 27th February 2025, presentations, and 10K Report. We highlight their business segments, revenue mix, divestments and acquisitions. Ameresco Profile Founded in 2000, Ameresco, Inc. is a US energy solutions provider dedicated to helping customers reduce costs, enhance […]

“IoT deployments in smart commercial buildings continue to gain momentum, driven by regulatory compliance, energy efficiency mandates, and the push for enhanced operational performance,” explains our latest smart building research. “Organizations are investing in IoT hardware to optimize building functions, improve tenant experiences, and lower long-term costs. However, implementation costs remain a critical consideration.” IoT […]

In this Research Note, we examine the smart building startup market in India. This analysis is part of our Startups in Smart Buildings Report, published in January 2025 in which we examined 30 APAC startups gaining traction. We assess the venture capital fundraising market in India, before highlighting 11 startups founded in India in the […]

The growth of IoT devices being deployed in commercial buildings remains strong in 2025, driven by declining hardware costs, enhanced wireless connectivity, increased demand for energy efficiency and operational automation, as well as the rising capabilities of edge computing. Data from our latest study indicates that the installed base of IoT devices in commercial buildings […]

In this Research Note, we examine the HVAC and building automation business of Carrier, based on their Q4 Earnings Presentation and Conference Call, 11th February 2025, and 2024 10K Report, covering their financial performance and aftermarket and digital business. Carrier Profile Following its portfolio transformation over the last 2 years, Carrier Global Corporation has repositioned […]

In this Research Note, we examine Airthings ASA, a Norwegian public company focused on indoor air quality sensing. This analysis highlights their Q4 and Full Year 2024 financial report, including financials for their operating segments offering consumer devices and air quality solutions to schools, offices and other commercial buildings. Airthings Profile Airthings produces IoT devices […]