Close this search box.

Making carbon neutral a reality

Written by Capria Admin
June 10, 2020

Just 100 companies are responsible for 71% of the world’s greenhouse gas emissions. But a big challenge to becoming carbon neutral is data, especially for global enterprises and municipalities. Systems that manage energy production and consumption often don’t share data. So ReEngen developed a platform that both aggregates data across multiple systems and uses it to operate them more efficiently. With artificial intelligence (AI), its platform improves industrial production, renewable energy generation, heating, ventilation and air conditioning by turning data into actionable intelligence. This all helps reduce their carbon footprint.

Capria - CleanTech

Istanbul and Gaziantep, the two largest municipalities in Turkey, rely on ReEngen to manage power plants and create accurate utility bills. Retailers like IKEA and Zara and banks like BNP Paribas and BBVA have used ReEngen’s platform to remotely control heating, ventilation, and air-conditioning (HVAC) systems at over 3,000 stores, resulting in a 10% reduction in water and energy consumption.

By installing remote sensors at industrial production facilities, ReEngen built an internet-of-things (IoT) network that improves operational efficiency. And this same platform helps a Fortune 500 company comply with ISO 50001, a global standard designed to help companies reduce greenhouse gas production.

It’s like Google Analytics for energy management created by a team of founders that worked for Siemens, IBM, and Mitsubishi. And their real-time algorithms have helped customers eliminate excess operational man-hours, detect abnormalities, reduce energy costs, and lower energy consumption by up to 20%

Altogether, ReEngen monitors over 300,000 data-points across 7,000 facilities for 100 enterprise customers in five countries, Turkey, Spain, United Kingdom, Saudi Arabia, and UAE. And they have reduced CO2 output by 3270.2 Tonnes since 2016. ReEngen is a portfolio company of Ida Capital.

Ida Capital is a part of the Capria Network, the leading global network of emerging market fund managers collaborating to deliver superior returns and scaled impact. Read more >


Subscribe to get latest updates

Be the first to hear the latest investment updates, AI tech trends, and partner insights from Capria Ventures by subscribing to our monthly newsletter. 

Report a Grievance

Capria Ventures and its related entities are committed to the highest standards of ethics and strictly enforce a zero-tolerance anti-corruption policy. Please report any suspicious activity to [email protected]. All reports will be treated with utmost urgency and resolved appropriately.

Unitus Ventures is now Capria India

Unitus Ventures, a leading venture capital firm in India, is joining forces with its US affiliate Capria Ventures, a Global South specialist, to operate with a unified global strategy under a single brand, Capria Ventures.