One of Sweden's largest public housing companies chooses Algeno

Örebroporten Fastigheter AB and ÖrebroBostäder AB (ÖBO) has signed a long-term agreement with Algeno AB to implement advanced AI-based control systems for the property companies’ heating substations. The initiative aims to take a major step forward in the companies’ strategy to improve operational efficiency, enhance tenant comfort, and reduce their carbon footprint.

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“We see great potential in AI-driven control systems to both improve the energy efficiency of our properties and create better living environments for our tenants,” says Jonas Tannerstad, Head of Electrical Systems and Automation at ÖBO.

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For Algeno, the agreement marks a milestone and will also lead to the development of AI-driven control systems in additional areas in collaboration with the innovation community in Örebro.

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“By managing ÖBO’s apartments and Örebroporten’s commercial spaces, we’re gaining a long-term and innovative client,” says Per Adolfsson, CEO of Algeno.

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ÖBO and the Fraunhofer-Chalmers Centre, a research institute specializing in industrial mathematics, have been collaborating on research for some time. Following successful research and development projects between 2017 and 2022 focused on how AI-based software can be used for heating control in buildings, Algeno was launched with the goal of reducing the carbon footprint and energy costs for property owners.

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“The first 30 substations that were connected have yielded savings of between 8 and 18 percent. That amounts to many millions of dollars and significant climate benefits. I don’t know of any other single initiative that has delivered so much in relation to the investment,” says Jonas Tannerstad.

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A major advantage that led to the choice of Algeno was that the AI solution is scalable and fits into Örebro’s “Smart Safe City” concept. The same management solution can be used by multiple real estate companies in the municipality of Örebro. This enables collaboration and synergies that allow Örebro to optimize energy use on a larger scale and thereby accelerate the transition to a more sustainable energy system.

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“By implementing this solution, we are taking another step toward a more sustainable future,” says Jonas Tannerstad.

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Read the whole press release here.

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