Cleantech Invest increases its ownership in Enersize

Releases

Cleantech Invest Plc
Company Release 18 June 2015 at 8 am (EET)

Cleantech Invest Plc has made a follow-on investment in Enersize Oy, as well as converted previous loans into equity. With these actions Cleantech Invest's effective fully diluted ownership increases to 44%. Other investors in the investment round include family offices.

Enersize has successfully delivered its first large energy efficiency project in China. Verified savings of 800.000 € on annual basis have been achieved in the project, delivered to a large government owned electronics manufacturing plant. Another large project has been launched with a steel products manufacturing plant in China, and several smaller projects are ongoing in Europe and China. Furthermore, Enersize has ongoing discussions with over 20 potential large customer projects.

Enersize focuses on industrial energy efficiency. The company connects industrial devices to cloud analytics for performance improvements in industrial compressed air (CA). CA consumes approximately 17% of all industrial electricity use. Enersize is able to save 15-30% of this by its solution. Enersize takes care of CA energy efficiency measures on behalf of customers and charges a fee based on the achieved savings.

Alexander Lidgren, Managing Director at Cleantech Invest: "Enersize is a great example of how Internet of Things (IoT) and analytics can deliver customer value. The company taps into a multi billion dollar market of potential savings in compressed air systems, savings that are achievable even in the most modern industrial facilities. This has been a year of great progress for Enersize - orders are closed, energy savings for customers have been proven and the pipeline of new projects is impressive.

Sami Mykkänen, Managing Director at Enersize Oy: "Cleantech Invest has been instrumental in building Enersize into a leading compressed air energy efficiency service provider. With this investment round we are able to grow our business in China and targeting highly profitable operations in the coming years."


CLEANTECH INVEST PLC

Further information: Alexander Lidgren, Managing Director of Cleantech Invest Plc, tel. +46 73 660 1007, alexander.lidgren@cleantechinvest.com

Certified Advisor Access Partners Oy, tel. +358 9 682 9500.


Cleantech Invest in brief
Cleantech Invest focuses on clean energy and efficient use of natural resources. The company owns minorities in a diversified portfolio of companies and is actively looking for new capital light and high impact businesses within the cleantech universe. Cleantech Invest invests in the most promising early-stage and growth cleantech companies in Finland, Sweden and in the Baltic Sea area. The company management team members are international pioneers in cleantech investing. Cleantech Invest is also a designated Accelerator in the Vigo Program initiated by the Ministry of Employment and the Economy. www.cleantechinvest.com.

Enersize in brief
Enersize provides energy efficiency as a service and focuses on industrial compressed air (CA) systems. The service is based on proprietary hardware and software that enables real-time analysis of CA systems.