Trill Impact has acquired a majority stake in Noova Energy Systems, a tech-driven energy supplier, to enhance energy management solutions for SMEs in Northern Europe.

Target Company Overview

Noova Energy Systems, headquartered in Stavanger, Norway, is a pioneering technology-driven energy supplier. Founded in 2005, the company focuses on providing tailored energy solutions to small and medium-sized enterprises (SMEs) across Northern Europe. Its comprehensive offerings include not only energy supply but also energy usage optimization, empowering SMEs to effectively manage their energy consumption and minimize carbon emissions. Noova's innovative Energy Management System (EMS) enables clients to monitor their energy use in real-time, identify inefficiencies, and enhance cost-effectiveness, all while streamlining sustainability reporting.

Noova's leadership is committed to advancing both technology and sustainability, distinguishing it from traditional energy providers. The company's software platform has been successful in helping its customers achieve significant reductions in energy consumption while ensuring comfort and quality in their operations. With a presence in Norway, Sweden, and Finland, Noova is well-positioned to meet the growing demand for effective energy management solutions.

Industry Overview

The energy management landscape in Norway is currently undergoing transformation, driven by the nation's commitment to reducing energy intensity by 30% by 2030, as compared to 2015 levels. This ambitious goal includes a substantial reduction in energy usage from buildings alone