Annual Impact Review 2024

Noova Energy Systems

Noova Energy Systems is a tech-enabled energy supplier with an integrated software solution, enabling SMEs to optimize their energy consumption and reduce carbon emissions

Subheadings

At a glance

Year of investment: 2025
Investment Strategy: Buyout
Impact Theme: Sustainable Planet
Industry: Business Services

Website
Noova Brand - 6
Noova Brand - 15

Business description

Noova Energy Systems  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.

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.

“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.”

- Even Gjesdal, CEO of Noova Energy Systems

Noova Energy System's solution

TI (115)

Social/Environmental challenge

Reducing energy consumption across buildings and industries is a growing priority, particularly in light of Norway’s 2030 target to reduce energy intensity with 30% compared to 2015 levels—including a 10 TWh reduction in energy use from buildings alone. Progress is lacking, as Norway has only reached one-third of the goal for buildings while spent two-thirds of the budgeted time. In Europe, 75% of the building stock is energy inefficient and only 1 in 5 renovations in Norway includes significant energy efficiency upgrades.

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SDG Contribution

In Trill Impact’s view, Noova has a unique potential to enable SMEs to address these challenges through their offering, that spans from energy supply to energy optimization, which is unlike traditional power suppliers and providers that offer energy management systems alone. By providing insights and advisory on energy consumption and optimization, Noova enables meaningful energy savings and thereby contributes to: 

SDG 7.3: Double the Improvement in Energy Efficiency
SDG 9.1: Develop sustainable, resilient and inclusive infrastructures  

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