Ngenic

What Ngenic does

Ngenic Energi AB is a Swedish smart energy services company headquartered in Uppsala that develops an AI-driven heating optimization platform primarily for water-borne heating systems (district heating, heat pumps, electric heating) in Swedish homes, multi-unit residential buildings, and grid networks. Its core product, Ngenic Tune, is a self-learning smart thermostat that ingests weather forecasts, indoor/outdoor temperature, humidity, sunlight, and real-time electricity spot prices to model each building's unique thermal behavior and automatically schedule heating without manual intervention, achieving reported temperature precision within +0.3°C and energy savings of 15–24% in peer-reviewed studies. The product family extends from a consumer thermostat and electricity-monitoring add-on (Track, Track HAN) to a property-portfolio product (Tune Highrise), an individual metering and debiting system for housing associations (Fairshare IMD), and a grid-side flexibility aggregation service (Gridtuner) used by electricity and district heating grid operators for peak demand management.

The company's commercial model is a hybrid of consumer SaaS and B2B channel partnerships. Consumers subscribe directly to Ngenic Tune at three monthly tiers (99/159/299 SEK, ~17% off with annual billing) bundled with loaned hardware and a self-install mobile app, while energy companies (GodEl, Jönköping Energi, Sala Heby Energi, Kraftringen, Vattenfall, E.ON, Ellevio, Sollentuna Elhandel) resell Ngenic Tune under their own branded services such as 'Värmestyrning' and 'Smart Värme'. Tune Highrise and Fairshare IMD are sold to property owners and housing associations, and Gridtuner is contracted directly with grid operators. Since May 2025, Ngenic has been owned by Aurora Invest (part of the family-owned Aurorakoncernen), with new CEO Fredrik Lemming (ex-Telia digital platforms) leading an international push into Germany via the Swedish-German Cleantech Platform (SGCP) 2026 and a stated ambition to reach all of Northern Europe within three years.

Name

Ngenic

Legal name

Ngenic Energi AB

Website

https://ngenic.se

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

Ngenic is an Uppsala-based smart energy services company that sells an AI-driven heating optimization platform (Ngenic Tune) to Swedish homeowners and to energy companies as a white-label service, with extensions into property management (Tune Highrise, Fairshare) and grid flexibility (Gridtuner).

Ownership category

akta.pro rank

Product category

Smart Home Energy Management

NAICS

Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414), Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415)

SIC

Auto Controls For Regulating Residential & Comml Environments (3822), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

Smart Climate & Air Quality (Thermostats, HVAC, Purifiers, IAQ Sensors) (HSAPAQAD)

akta.pro secondary industries

Smart Thermostat & HVAC Automation Integration (HSAHADAC), HVAC Zoning, Smart Dampers & Ventilation Control (HSAOANAB), Waste Heat Recovery & Heat Integration (HRSG/ORC, Pinch Analysis, Heat Exchangers) (EUABAJAF)

Keywords

• Smart thermostat
• Heating control
• Energy management
• Demand response
• Grid optimization

Headquarters

HQ city

Uppsala

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Supply Chain, Infrastructure

Revenue model

1. Subscription - Consumer Smart Heating (Tune): Monthly or annual SaaS subscription for smart heating control, bundled with hardware loan/rental. Three tiers (Basic/Standard/Premium) ranging from 99 to 299 SEK/month, with annual billing discounts. Hardware is loaned to the customer during subscription; if the subscription ends, hardware must be returned.
2. Subscription - Building/Property Management (Tune Highrise): Recurring subscription model for property owners and housing associations (BRF) managing multi-unit buildings, offering portfolio-wide heating control and IMD (Fairshare) services.
3. B2B Grid Services (Gridtuner): Utility-facing subscription or service contract for grid operators and energy companies to access aggregated flexibility from connected heating loads, reducing network investment needs and enabling demand response participation.
4. Hardware Sales / Rental: Hardware (Tune gateway, Track sensor, indoor sensors) is loaned during subscription but can be purchased separately or rented independently. Track HAN is offered as an add-on product. For business customers, hardware may be sold or provided as part of custom service packages.
5. Professional Services / Customized Solutions: Ngenic develops customized software and hardware solutions for specific enterprise or utility requirements, sold as project-based engagements or ongoing managed services.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels12 records

Core offering

Ngenic develops and operates an AI/machine learning-based smart heating control platform centered on Ngenic Tune, a self-learning thermostat for water-borne heating systems (district heating, heat pumps, electric heating). The platform continuously analyzes indoor/outdoor temperature, humidity, sunlight, weather forecasts, and electricity spot prices to automatically optimize heating schedules. It extends from individual homeowners (consumer subscriptions) to property managers (Tune Highrise, Fairshare IMD) and grid operators (Gridtuner), with hardware bundled into subscription plans or sold separately.

Product overview

Ngenic offers a modular smart home energy management platform centered on Ngenic Tune, a self-learning smart thermostat for water-borne heating systems. The platform spans consumer ( Tune), building/property management (Tune Highrise, Fairshare IMD), and grid operator segments (Gridtuner). Complementary products include Ngenic Track and Track HAN for electricity consumption monitoring, AirPatrol WiFi for AC control, and Customized Solutions for enterprise engagements. All products share a unified mobile app and cloud backend, with the API enabling third-party integrations.

Differentiator

Problem solved

Functional benefit

Brands

• Ngenic Tune: Smart thermostat for water-borne heating systems that optimizes energy consumption and provides heating control for homes.
• Ngenic Track
• Tune Highrise
• Gridtuner
• Fairshare
• AirPatrol WiFi

Products and services

• Ngenic Tune Self-learning smart thermostat for water-borne heating systems (district heating, heat pumps, electric heating). Automatically optimizes heating based on weather forecasts, spot electricity prices, indoor temperature, humidity, and sunlight. Offered via three subscription tiers (Basic/Standard/Premium) with hardware loan. Targets homeowners and small businesses.
• Tune Highrise Building-scale heating control system for property owners and housing associations (BRF) with water-borne heating. Optimizes heating across entire building portfolios with centralized management and per-unit comfort tracking. Targets residential property managers, BRF boards, and student housing providers.
• Gridtuner Load balancing and grid optimization service for electricity grid operators and district heating companies. Aggregates flexibility from connected Ngenic Tune installations to reduce peak demand across the grid, increasing energy delivery capacity and grid profitability while maintaining indoor comfort for end customers. Sold via direct enterprise sales to DSOs and utilities.
• Fairshare IMD Individual metering and debiting (IMD) system for property owners. Fairshare allocates heating, electricity, and water consumption fairly among residents in multi-family buildings, improving energy performance transparency and enabling fair cost distribution. Targets BRF boards and property management firms.
• Customized Solutions Bespoke software and hardware development services offered by Ngenic for enterprise energy management projects, including custom aggregator solutions, utility integrations, and specialized heating control systems. Sold as project-based engagements or ongoing managed services.

Quantifiable outcome

• 24% lower heating energy consumption (2,700 kWh/year, ~3,200 SEK/year savings) for villas with Ngenic Tune vs. equivalent untreated homes (peer-reviewed study, 2025)
• +8 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability3 records

Feature8 records

Partnerships

15 partnerships are on record, tiered core and minor.

• BitviscoreTechnology or Integration · 3 June 2026Ngenic Energi integrated Ngenic Tune into Bitvis's platform, enabling energy companies to offer smart heating control to homeowners through their own energy apps. The partnership aims to make smart energy choices easier in daily life and contribute to a more energy-efficient and sustainable society.
• Sala Heby EnergicoreChannel Partner/ Reseller/ Distributor · 19 March 2026Sala Heby Energi re-launched the 'Smart Värme' service with Ngenic Tune, available both as a hardware rental subscription and for existing Ngenic Tune owners. The partnership has roots going back many years including previous projects on future-proof electricity networks.
• Swedish-German Cleantech Platform (SGCP) 2026coreGTM or Marketing Partner · 19 January 2026Ngenic Energi was accepted into the SGCP 2026 accelerator program, which provides market and business support, testing and development opportunities, and networks with customers, partners, and decision-makers in the German cleantech and energy market. This is a key gateway for international expansion into Germany and Northern Europe.
• Jönköping EnergicoreChannel Partner/ Reseller/ Distributor · 11 November 2025Jönköping Energi launched the 'Värmestyrning' service powered by Ngenic Tune, helping homeowners optimize their water-borne heating systems. The partnership enables Jönköping Energi to offer its residential customers smart heating as a differentiated value-added service.
• MASTERPIECE (EU Horizon Europe)coreStrategic or Co-development Partner · 8 March 2023EU-funded project (60M SEK from EU Commission) on energy communities spanning 10 European countries. Ngenic provides aggregator and grid technology alongside Uppsala Municipality and Sustainable Innovation for the Swedish pilot sites (Täby, Bålsta, Östergarnslandet/Gotland). Project runs through June 2026.
• KraftringencoreChannel Partner/ Reseller/ Distributor · 5 December 2022Kraftringen became a customer and sales channel for Ngenic's smart heating solutions, hosting joint webinars and promoting Ngenic Tune to its energy customer base.
• Vattenfall EldistributioncoreStrategic or Co-development PartnerVattenfall Eldistribution leads the 'NextGen Arholma' innovation project in which Ngenic provides its smart heat pump control technology to develop cooperation between electricity grids and consumers for improved grid resilience. Ngenic's technology contributes to creating a more robust and flexible electricity system.
• Sustainable InnovationcoreStrategic or Co-development PartnerSustainable Innovation collaborates with Ngenic on multiple EU and Swedish energy projects including MASTERPIECE, Växel, KlokEl, AutoFlex, Live-in-Smartgrid, NemoGrid, and the Intelligent energianvändning project (co-funded 50% by Vinnova, 10M SEK).
• Uppsala MunicipalityminorStrategic or Co-development PartnerUppsala Municipality collaborates with Ngenic as the Swedish lead in the EU MASTERPIECE project for energy communities, and participates in innovative energy sharing solutions such as at the Mobilitetshuset Dansmästaren.
• Uppsala Universitet / EnergiforskminorStrategic or Co-development PartnerNgenic has participated in multiple research projects coordinated by Energiforsk, including Vallentuna pilot studies on consumer flexibility and self-learning forecast control, and hot water flow studies in multi-family buildings.
• GEAB (Gotland Energy)minorStrategic or Co-development PartnerGEAB (Gotland) partnered with Ngenic, Plexigrid, and Energicentrum Gotland to test a pricing model combining spot prices with local grid load at each network station, part of a broader smart grid initiative.
• Energicentrum GotlandminorStrategic or Co-development PartnerEnergicentrum Gotland drives the Gotland smart grid project in which Ngenic participates to test dynamic pricing models combining spot prices and grid load factors.
• GodElcoreChannel Partner/ Reseller/ DistributorGodEl partnered with Ngenic on a two-year study (autumn 2022 - spring 2024) involving 500 homeowners, which demonstrated 20% electricity savings from smart thermostat control. The project was co-funded by Bra Miljöval Energifond.
• Sollentuna Elhandel / SEOMminorChannel Partner/ Reseller/ DistributorNgenic and Sollentuna Elhandel launched an exclusive partnership offering smart heating services to Sollentuna Elhandel's customer base.
• Bra Miljöval EnergifondminorGTM or Marketing PartnerBra Miljöval Energifond (funded from Bra Miljöval electricity sales) co-financed the GodEl-Ngenic study, providing reduced pricing for Ngenic Tune and Track installations to participating homeowners during the 2022 electricity price crisis.

Scale indicators14 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• tado°: tado° is a Munich-based direct competitor offering smart thermostats and heating control apps across Europe. Both companies sell AI-driven heating optimization as subscriptions to homeowners and via utility partnerships — making tado° the closest direct comparable to Ngenic's Tune product.
• ecobee: ecobee is a smart-thermostat specialist competing in North America and expanding into Europe, with utility-program partnerships similar to Ngenic's. It is a direct comparable in business model (subscription + hardware-loan, utility channel sales) even if geography overlaps only partially.
• Netatmo (Legrand): Netatmo (owned by Legrand) sells connected thermostats and weather/energy sensors across Europe, including for boiler and district-heating control. It directly competes with Ngenic in the smart-thermostat category and pursues similar energy-utility partnerships.

Emerging players

• Eliq: Eliq is a Gothenburg-based energy-data-analytics platform serving European utilities and energy retailers. It is comparable as a fellow Nordic cleantech software company enabling utilities to engage end customers with consumption insights, though it focuses on analytics rather than hardware control.
• PassivSystems: PassivSystems is a UK-based smart-heating and demand-response provider for utilities and homeowners. It is comparable as an emerging peer offering ML-driven heating optimization and grid-flexibility services through energy-company partnerships — the same dual consumer/utility model Ngenic pursues.
• Tibber: Tibber is a Norwegian digital energy retailer bundling smart-home devices (including heating control) into its electricity-supply offering. It is an emerging player pursuing the same Nordic energy-utility-plus-smart-home proposition as Ngenic's energy-company partnerships.

Broad incumbents

• Honeywell Home (Resideo): Resideo/Honeywell Home sells connected thermostats (T-series) and offers utility demand-response programs. It is a broad incumbent competing for utility-program business that overlaps with Ngenic's Tune and Gridtuner offerings.
• Schneider Electric (EcoStruxure): Schneider Electric's EcoStruxure building platform offers HVAC control, energy monitoring, and demand-response capabilities for commercial and residential portfolios. It is a broad incumbent in building-level heating optimization, overlapping with Tune Highrise and Gridtuner at the property and grid level.
• Danfoss (Heating segment): Danfoss is a Danish industrial incumbent in heating controls (radiator thermostats, district-heating substations, underfloor heating). Its Icon and Ally smart-radiator-thermostat lines are a broad incumbent alternative to Ngenic's Tune for water-borne systems across the Nordics.
• Google Nest: Google's Nest thermostats are a broad incumbent in the smart-thermostat market, with global brand reach and an established utility-program business. While not specialized for Nordic water-borne heating, Nest represents the main platform-comparable incumbent competing for the same end-customer wallet share.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ngenic
• Facebookfacebook.com/ngenic
• LinkedInlinkedin.com/company/ngenic
• Instagraminstagram.com/ngenic.se

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ngenic