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 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) that includes energy control and automation, bringing 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 streamlining overall expense management.

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 meeting 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.”

SDG and Impact contribution:
Reducing energy consumption across buildings and industries is a growing priority, particularly in light of Norway’s 2030 target to reduce energy intensity by 30% compared to 2015 levels — including a 10 TWh reduction in energy use from buildings alone¹. Progress is lacking, as Norway has only reached one-third of the goal for buildings while spending two-thirds of the budgeted time². In Europe, 75% of the building stock is energy inefficient³, and only one in five renovations in Norway includes significant energy-efficiency upgrades⁴.

In Trill Impact’s view, Noova has a unique potential to enable SMEs to address these challenges through an offering that spans from energy supply to energy optimization, 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 contributes to:

SDG 7.3 – Double the rate of energy efficiency
SDG 9.1 – Quality, reliable and resilient infrastructure