Algeno's second newsletter

Fall is just around the corner. It’s a time of fluctuating temperatures that places extra demands on tenants to have the right heating. At the same time, new figures from the Nils Holgersson Group show that there have been record increases in district heating prices, averaging 15 percent nationwide. Some district heating companies have raised prices by as much as 40 percent.‍
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Investment needs and rising raw material prices are cited as the reasons. You can watch the news report from TV4 here.

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Algeno’s service for AI-optimizing heating systems in large property portfolios helps maintain a consistent indoor temperature while minimizing energy consumption. This is particularly important in a market with rising prices, especially during a season when the weather and temperatures fluctuate the most. If you’d like to learn more, I recommend signing up for our webinar on Tuesday from 2:00 p.m. to 2:45 p.m. (If you click on the link, you can watch it later)

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I recently attended the interesting conference “The Future of Technical Management.” You can read about the insights from the event in this newsletter. I can share one trend with you right here: there is an increased focus on management. With new construction at a relative standstill, now is an especially good time to focus on increasing net operating income. Rising district heating costs, in particular, underscore the importance of this.‍

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In this issue of Algeno Insights, for example, you can read about how ÖrebroBostäder is saving on heating costs. There, increased net operating income is also linked to higher property values.

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Best regards,

Per

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ÖrebroBostäder Saves Millions with Algeno

Happier tenants who now enjoy a more consistent indoor climate. A housing company that uses data—rather than generalizations—to make decisions. And a reduced need for district heating, resulting in savings in the millions and a lower carbon footprint.‍

“So far, the first 30 sub-stations that have been connected have shown savings of between 8 and 18 percent. So that adds up to many millions and significant climate benefits. ‍I don’t know of any single initiative that has delivered so much in relation to the investment, says Jonas Tannerstad, Head of Electrical and Automation at ÖrebroBostäder.

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Read the whole case study here.

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Trend Watch: Increased Focus on Management

An increased focus on facility management, operational optimization, and user engagement, where expertise is applied effectively. These were three clear trends identified during the “Future of Facility Management” conference.‍

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Per Adolfsson, CEO of Algeno, attended the “Future of Facility Management” conference in September. One overarching trend is the current increased focus on facility management. When asked, three-quarters of the participants stated that they recognized themselves in that description.

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– For us at Algeno, it’s clear that we can help increase net operating income. In a recession, this may be even more important. Since our software can be configured to never exceed a certain power level, we can minimize both energy and power costs,” says Per Adolfsson.

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A large proportion of the participants pointed out that there are obstacles to operational optimization. 36 percent cited a lack of resources, while a full 62 percent cited a lack of expertise. Only just over one percent felt they had already done most of what was needed.

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– This is where we can make a difference. Algeno also helps make the most of the expertise available within the property management company. Instead of just putting out fires when service requests come in, maintenance technicians can be proactive and ensure a comfortable living environment before tenants even have to file a request. And save energy at the same time, says Per Adolfsson.

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– Or as one maintenance technician who uses Algeno told me, regarding resources: “Finally, we can focus on the properties where we need to take action; the AI tool handles the optimization.”

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A clear insight shared by one of the subject matter experts in a panel discussion on how to get started was to begin tackling the major issues of change instead of just focusing on short-term decisions—that the big, complex issues shouldn’t be put on hold just because they’re difficult.

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– The expert was clear about the importance of running pilots, evaluating them thoroughly, and deciding whether to stop or scale up. It’s a bit like breaking the elephant down into bite-sized pieces. I think there’s a point there. That’s why we at Algeno usually conduct pilot projects before rolling out the service.

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Algeno's solution uses AI to control heating in 23,000 apartments in Stena Fastigheter's portfolio

Algeno provides its heating control service to Stena Fastigheter to optimize energy use in the majority of its property portfolio. The service Algeno provides to Stena Fastigheter is based on artificial intelligence (AI) and optimizes the use of Stena Fastigheter’s district heating. By using advanced algorithms and machine learning, the system can analyze large amounts of data in real time to adjust and improve heating usage.

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Read the whole case study here.

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