About the company
Energy Save is an innovative Swedish energy technology company that contributes to the sustainable energy transition in Europe through cost-effective and smart air/water heat pump systems. The company has supplied heat pumps to the European market since 2009, and is since 2020 listed on the Spotlight Stock Market.
– ”We think that system production and installation of heat pumps today takes place in an outdated and expensive way and that the climate footprint in the construction sector is still far too high, if we as an industry are to contribute to achieving the climate goals”, says Fredrik Sävenstrand, CEO of Energy Save.
Energy Save develops green and innovative system solutions that help others meet their needs and reach their climate goals. Through innovative technology development, the company has established a product concept with prefabricated energy centers, so-called Plug-in-Modules. In addition, the company has developed a digital sales tool – the ES Configurator. This ensures the performance and quality of Energy Save’s product offerings through the growing European distribution. The result is a faster scalability of the business.
In this way, Energy Save enables the industrialization of the heat pump industry at the same time as the consulting efforts are digitized. The company’s know-how in hybrid technology, where the heat pump systems create synergies through cooperation with other energy technologies, also creates good conditions for a central position in the energy system of the future. The hybrid solutions respond to Europe’s enormous need for electrified heating of buildings – during the construction period and throughout its lifetime.
Energy Save focuses on becoming a leader in attractive niches and has established a business model that ensures short lead times and low development, production and delivery costs of heat pump systems. The company’s prefabricated complete system provides higher industrial scalability compared to installer-built facilities on site and also creates the conditions for completely new applications and customer segments. Together with partners, Energy Save conducts everything from product development to production, and has a defined path to market for both residential products and real estate systems, where sales are primarily through partners and distributors in the main European market. The company currently has active distributors in 24 countries.
The company’s net sales amounted to SEK 107.7 million during the financial year 2021/22. Net sales during the first quarter of 2022/23 amounted to SEK 51.4 million (9.0), an increase of 472% compared to the same period last year.