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Boosts Green Energy Solutions Danfoss Acquired ENFOR’s

Jan 4, 2024 | By Startup Rise EU

Boosts Green Energy Solutions Danfoss Acquired ENFOR's district energy software and will bring the solutions to the global market under the Danfoss Leanheat® suite of sustainable heating and cooling solutions.

Boosts Green Energy Solutions Danfoss Acquired ENFOR's district energy software and will bring the solutions to the global market under the Danfoss Leanheat® suite of sustainable heating and cooling solutions.

The Danfoss Leanheat® solution combines cutting-edge technology, data analytics, and artificial intelligence to optimize energy consumption and improve operational efficiency of district energy and buildings.

Read also - London-based Olsam Group Acquired Dwarfs

Danfoss had been a minority shareholder in ENFOR since 2020. By fully acquiring ENFOR’s district heating software business, Danfoss enhances the capabilities and accuracy of its Leanheat network suite for district energy utilities to include data-driven temperature optimization, intelligent load forecasting and micro weather forecasting, which support district energy utilities and energy companies with their green transitions.

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ENFOR is an innovative spin-off from the Danish Technical University and delivers solutions for forecasting and optimization of energy production and demand, incl. optimization of district energy systems. The potential of using data and machine learning in the energy sector is massive.

Jürgen Fischer, President Danfoss Climate Solutions, says: “We are thrilled to welcome ENFOR’s district energy experts and software to Danfoss. Together we can offer a complete solution to utilities for measuring and optimizing the energy efficiency of district energy networks, to better serve our customers. For Danfoss, scaling and enhancing our digital portfolio and offerings is a key priority. By unlocking the potential of artificial intelligence, connectivity, and optimization tools, we make it possible for the utilities and service providers to effectively meet the growing demands for energy efficiency while improving business operations and costs.”

Mikkel Westenholz, CEO ENFOR A/S, says: “We are happy that our district heating services have found a new home with Danfoss, who will be able to integrate the services into their digital platform, and bring the services to the market through their global organization. It has been an exciting journey for ENFOR, where we were an early pioneer for the use of data and machine learning in forecasting and optimization of energy systems. We see it as a strong validation of our business and technology, that a company like Danfoss has acquired our district heating and cooling technology, and we will continue our journey with a focus on renewable energy and the power sector.”

About Danfoss

Danfoss provides engineering solutions to increase machine output, cut emissions, save energy usage, and make electrification possible. Applications for their products includes air conditioning, heating, power conversion, motor control, refrigeration, automotive, marine, off-highway, and industrial machinery.

Read also - London-based Labrys Technologies Secures $5.5M in Seed Funding

About ENFOR's

For the energy industry, ENFOR offers industry-leading energy forecasting and optimisation solutions. ENFOR solutions are used by utilities, energy traders, transmission and distribution system operators, and others for district heating system optimisation as well as forecasting renewable energy production, electricity, and heat demand.

Read also - Cambridge-based Apollo Therapeutics Secures USD 33.5M in a Second close of its Series C Round Funding

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