Cleantech Invest portfolio company, Enersize, starts project with Chinese glass factory

Releases

Cleantech Invest portfolio company Enersize has agreed on the installation of Enersize´s system for measuring and efficiency of energy usage in compressed air systems in one factory of a major Chinese manufacturer of float glass. The manufacturer has a total of seven factories, and is a Chinese listed company with revenues exceeding 300MEUR. After earlier installations in electronics and automotive factories this is the first installation in the glass manufacturing industry.

The potential savings in the pilot factory have been estimated to 500 000 – 700 000 EUR yearly. The installation of the Enersize system is planned to take place during the first quarter of 2017.

Enersize´s part of the yearly savings during the lifetime of the project will be determined when the savings have been verified and agreed with the customer.

Enersize recently disclosed that they had received their first major payments from revenue sharing projects in China, and that they are investigate listing of the company during 2017.

CEO Cleantech Invest Alexander Lidgren:


”I am extremely proud that we have a Enersize in our portfolio. To bring Nordic cutting edge expertise in energy efficiency to the market in the world where it is needed the most is bold, ambitious and potentially very profitable. We believe that energy efficiency, the production of negawatts, will emerge as a significant new industry in its own right and companies like Enersize are well positioned to capture a leading role in it."

Enersize chairman of the board Christian Merheim comments: 

This new installation agreement shows, once again, that Enersize has found the right place in the market with our technology and presence in China. It will be exciting to follow this project, as we expect it to lead to continued deals with significant revenue potential for Enersize.”

Enersize in brief

With their own software for data-gathering and analysis, Enersize manages to save an average of 30% in industrial compressed air systems. 90% of manufacturing industry uses comressed air, and it makes up approximately 5% of the world´s electricity consumtion. In Enersize´s largest market, China, compressed air systems consume a whopping 10% of all electricity used. Enersize share the energy saving revenues with the customer, who do not need to pay for the service but only share parts of the profits. Amongst existing users is the world´s largest producer of flatscreens, known car manufacturers and steel plants. www.enersize.com


Cleantech Invest in brief

Cleantech Invest is a Nordic accelerator with investments in growth companies that solve global challenges. The portfolio companies are active in energy- and resource efficiency as well as decentralized renewable energy and are based in Finland, Sweden and Germany. The company management consists of company builders and investors who have been active within the cleantech space for over a decade.The company is listed on First North Finland under the ticker CLEAN and on First North Stockholm under the ticker CLEANT A.

www.cleantechinvest.com

LinkedIn: https://www.linkedin.com/company/cleantech-invest-oy

Twitter: @CleantechInves1

IG: @cleantechinvest

FB: www.facebook.com/cleantechinvest/


Contact information:

Alexander Lidgren, Managing Director of Cleantech Invest Plc. Tel. 46 73 660 1007, alexander.lidgren@cleantechinvest.com

Christian Merheim, Chairman of the Board, Enersize Oy. Tel. 46 70 818 28 53

Access Partners Oy, Certified Advisor. Tel. 358 9 682 9500