Longrun invests in NODA

March 8, 2022

Longrun Capital invests SEK 2.5 million in NODA Intelligent Systems. NODA develops AI-based solutions for optimizing energy systems with focus on thermal systems such as district heating, district cooling, gas, heat pumps and geothermal energy.

NODA will primarily use the capital injection to continue the development of its sales operations. Longrun sees great potential in NODA's platform for reduced energy consumption in the real estate sector as well as reduced use of fossil fuels in energy production. In alignment with Longrun’s investment strategy, NODA has the potential to contribute to significantly reduced CO2 emissions globally and shares the belief in building diversified teams.