HVAC
Apleona Technical Facility Management Business Examined
November 20th, 2023How Tenants & Landlords Can Work Together to Reduce Energy Consumption
November 16th, 2023
Bosch To Sell Security Products Business, Building Technologies to Focus on Systems Integration
In this Research Note, we examine what’s behind the proposed sale of Bosch Security Products and the realignment to focus on systems integration business in the Building Technologies division, announced on 26th October 2023. This article updates our Bosch Energy & Building Technology Business 2022 Examined article and our coverage of the recent acquisition of […]

Net Zero Buildings Explored: Elithis Tower, Dijon
The Elithis Tower in Dijon, France, is the headquarters of the Elithis Group, a building engineering consultant firm. Completed in March 2009, the facility was one of France’s first net zero buildings and is considered the world’s first positive energy office tower developed at a standard cost of construction. At just over 50,000 square feet […]

Daikin Strengthens HVAC Controls Business in North America
In this Research Note, we examine Daikin, the Japanese headquartered air conditioning manufacturer, based on their Integrated Report, year ending 31 March 2023 and the group’s recent strategy in North America to strengthen its HVAC controls support and service business. Daikin Industries Ltd, is the global No. 1 air conditioning manufacturer, with over 96,000 employees, […]

DoE Claims US Can Save $10 Billion in Annual Grid Costs Using VPPs
The US Department of Energy (DoE) believes the nation can save as much as $10 billion in annual grid costs by 2030, simply by tripling the existing deployment of virtual power plants (VPPs). As the US ramps up sustainability processes in line with environmental targets VPPs are becoming an increasingly important factor in their success. […]

Nostromo Behind-The-Meter Energy Storage Business Examined
In this Research Note, we examine Nostromo, the Israeli public company developing Behind-the-Meter thermal energy storage solutions for commercial buildings. Founded in 2017, Nostromo Energy is a developer of sustainable energy storage and energy demand management solutions for commercial buildings that use chiller-based air conditioning. The system is based on proprietary IceBrick encapsulated ice cells […]

Bemsiq Building Automation Business & Financials Examined
In this Research Note, we examine the Bemsiq AB business, based on their 2023 Group Overview, investor presentations, annual report of their parent company and the development of their buy and build strategy. Bemsiq, with headquarters in Gothenburg, Sweden, consists of a group of 7 companies and 511 employees providing building automation field devices including […]

Building Efficiency & Electrification At The Heart of US Net Zero Emissions Target
National climate pledges are inherently ambitious; they appear to represent the educated hopes of governments striving to meet the demands of more conscious citizens and the international community. While few would scrutinize such ambition, not many would expect nations to meet such lofty goals either, with most satisfied to set the bar high and achieve […]

HVAC/R Control Products Manufacturer Carel Acquires Smart Building SaaS Provider Kiona
In this Research Note, we examine what’s behind Carel’s acquisition of a majority stake in Kiona, a Norwegian Saas player in building management, energy management and refrigeration management. Our article is based on Carel investor presentations and reports from the seller, Swedish private equity firm Summa Equity. Carel Industries SpA is an Italian public company […]