The role of the real estate sector in solving climate change and this winter’s energy crisis is significant. The sector is responsible for more than 30 percent of global greenhouse gas emissions. NREP, the leading real estate company in the Nordics, is committed to being carbon neutral by 2028 – well ahead of the 2050 goal set by the IPCC. NREP’s commitment covers both the emissions from the energy use of buildings and the emissions during the entire life cycle of new construction and renovations.
Kapacity.io and NREP have signed a framework agreement to connect their entire portfolio in Finland to Kapacity.io’s demand flexibility service. With the Kapacity.io service, NREP is able to react to the needs of the electricity grid and shift electricity consumption to cheaper electricity hours. The pillars of our cooperation are:
- Reducing the carbon footprint of real estate
- Reducing energy costs
- Maintaining optimal indoor air conditions
In cooperation, we aim for a 10 percent reduction in the actual carbon dioxide emissions of electricity consumption and a 25 percent reduction in the electricity bill. The first building to be connected to the service will be the shopping center DUO in Tampere, Finland..
With the help of the Kapacity.io service, NREP’s properties will also ease the electricity shortage of the coming winter by temporarily reducing consumption at times when the need for electricity is at its greatest. Reducing consumption at times of peak consumption makes it easier to manage the power balance of the electricity grid.
Kapacity.io offers a comprehensive demand response service that transforms building data into actionable control signals. We support property owners throughout the property’s life cycle – from bidding for plots to planning, contracting and operations. Hence, demand response can be taken into account already in the early design phases.
The future of real estate is based on digital services, and demand response becomes a standard feature in real estate operations. If updating your property is timely, please contact hello@kapacity.io. We’re happy to share knowledge on how demand response can reduce CO2 emissions and operational costs in buildings.
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