Trill Impact acquires majority stake in Noova Energy Systems

Noova Energy Systems (“Noova”) is an innovative energy company headquartered in Norway, driven by a team of experienced professionals, committed to advancing technology and sustainability in parallel. The company’s offering spans from energy supply to energy usage optimization – creating a one-stop shop for small and medium-sized enterprises (SMEs) in Northern Europe.

Founded in 2005 with an initial focus on electricity sales, the company identified a growing need among SMEs to reduce their energy costs, gain control over energy consumption, and improve administrative efficiency. Today, Noova is a full-service provider of energy solutions, offering an Energy Management System (EMS) including energy control and automation, that brings everything together in one place.

Noova’s technology-based software platform enables SMEs to monitor real-time energy consumption, identify inefficiencies, and uncover opportunities to optimize energy use and reduce costs — while lowering their carbon footprint. The Noova Energy platform also simplifies sustainability reporting by automatically allocating costs and emissions and streamlines the overall expense management.

Commenting on the partnership, Ole Gillebo, Investment Director at Trill Impact Advisory, says::

“In our view, Noova is well positioned as a frontrunner in offering energy, and energy optimization solutions, helping SMEs automate and reduce their energy usage and costs. We are impressed with what the management team and previous owners have built so far, and the strong track record to date. Together with the Noova team, the ambition ahead is to further expand the platform through product innovation and continued growth – and become a leading champion in the energy optimization space in Northern Europe.”

Even Gjesdal, CEO of Noova Energy Systems, says:

“Noova has built a platform with a proven ability to deliver measurable savings for our customers, offering a clear value proposition. Our partnership with Trill Impact builds on that foundation, enabling us to expand by rapidly scaling our technology, and meet the market demand for our solutions. We are now in a stronger position to support the growing number of organizations that need to actively manage their energy use and treat it as an essential, flexible resource.”

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Noova Energy Systems is a leading provider of energy management systems for small and medium-sized enterprises. The company delivers energy and technology solutions that offer real time insight and management of consumption, cost and environmental impact. Noova’s customers can achieve significant reductions in energy use, while maintaining quality and comfort. The company currently operates in Norway, Sweden and Finland, with its headquarters in Stavanger, Norway. For more information, please visit: www.noova.no