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Nordic firms partner to reduce water waste in property sector

1/11/2024, 10:53

Rising water prices and increased regulatory requirements necessitate optimized water management for the real estate industry. Image: Smartvatten

Swedish company Smartvatten and Danish company EG have entered a partnership to expand their cooperation across the Nordic countries in combating water waste in the real estate market. This could lead to annual savings of 500,000 cubic meters of water.

Dan Görgü

In Finland and Sweden, over 4,000 water meters have already been integrated with Smartvatten’s solutions and EG’s platforms. The collaboration will allow EG’s customers to optimize water consumption and reduce costs for their property investments.

With the upcoming Corporate Sustainability Reporting Directive, such partnerships play a crucial role for property management companies that now must monitor water usage across their real estate portfolios.

There is an increased need to avoid water waste due to rising prices driven by aging infrastructure, as well as greater sustainability requirements. According to Smartvatten, over half of all homes and a third of commercial buildings experienced monthly leaks, with leaks in commercial buildings being 3.4 times larger.

By integrating Smartvatten’s water management into EG EnerKey, more EG customers can access highly accurate water data essential for reducing consumption, lowering operating costs, and preventing water damage.

The partnership allows the companies to offer advanced water data insights to help customers comply with sustainability standards like the EU’s Corporate Sustainability Reporting Directive, BREEAM and GRESB.

About Smartvatten and EG:

Smartvatten, founded in 2013, is the leading Nordic provider of water optimization technology with 130 employees across 8 countries. EG is the leading Nordic provider of property energy management software with over 2,400 employees, primarily in the Nordics, and 2023 revenue of 2.3 billion DKK.

The translation was written by an AI system, though the original text was authored by a human. Read the original article here

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