Ngenic
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).
- Company typePrivate
- Founded2010
- HeadquartersUppsala, Sweden
- Headcount1–10
- GTM typeB2B and B2C
- OfferingSoftware
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.
Ngenic firmographics
Firmographics- 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
Ngenic industry classification
Industry- 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
Where Ngenic is headquartered
LocationHeadquarters
- HQ city
- Uppsala
- HQ country
- Sweden
- HQ region
- Europe
Offices1 record
Markets served
Ngenic business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Supply Chain, Infrastructure
Revenue model
- 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.
- 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.
- 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.
- 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.
- 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
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Tune Basic - comfort and energy optimization for consumers wanting core functionality |
| Subscription | Monthly | Tune Standard - adds electricity price optimization and peak demand optimization to Basic |
| Subscription | Monthly | Tune Premium - full functionality with extra indoor sensor, Track HAN, annual review, and all future features |
Go-to-market motion3 records
Distribution channels7 records
Marketing channels12 records
Ngenic product offering
Product offeringCore 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
Companies that use Ngenic
Customer profileNamed customers10 records
Segments5 records
Ideal customer profiles4 records
Ngenic technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability3 records
Feature8 records
Ngenic partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered core and minor.
- BitviscoreNgenic 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 EnergicoreSala 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) 2026coreNgenic 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 EnergicoreJönköping 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)coreEU-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.
- KraftringencoreKraftringen 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 EldistributioncoreVattenfall 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 InnovationcoreSustainable 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 MunicipalityminorUppsala 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 / EnergiforskminorNgenic 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)minorGEAB (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 GotlandminorEnergicentrum Gotland drives the Gotland smart grid project in which Ngenic participates to test dynamic pricing models combining spot prices and grid load factors.
- GodElcoreGodEl 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 / SEOMminorNgenic and Sollentuna Elhandel launched an exclusive partnership offering smart heating services to Sollentuna Elhandel's customer base.
- Bra Miljöval EnergifondminorBra 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
Ngenic competitors and assessment
Company assessmentDirect 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
Ngenic social profiles
Digital presenceNgenic compliance and trust
Trust signalCompliance1 record
Ngenic financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ngenic leadership team
Management profileNumber of profiles
Profiles8 records
Ngenic funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ngenic M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ngenic
What does Ngenic do?
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.
Is Ngenic a public or private company?
Ngenic is a private company. It is classified as family owned and is currently operating.
When was Ngenic founded?
Ngenic was founded in 2010. It employs 1 to 10 people.
Where is Ngenic based?
Ngenic is headquartered in Uppsala, Sweden, in the Europe region.
How does Ngenic make money?
Five revenue lines are on record. Subscription - Consumer Smart Heating (Tune) is the primary driver. The others are subscription - Building/Property Management (Tune Highrise), B2B Grid Services (Gridtuner), hardware Sales / Rental and professional Services / Customized Solutions.
Who are Ngenic's main competitors?
Direct peers on record are tado°, ecobee and Netatmo (Legrand). Emerging players are Eliq, PassivSystems and Tibber. Broad incumbents are Honeywell Home (Resideo), Schneider Electric (EcoStruxure), Danfoss (Heating segment) and Google Nest.
Does Ngenic have an API?
Yes. Ngenic offers an open API that allows developers to build integrations and automate interactions with the Ngenic platform. The API enables connecting Ngenic Tune with external systems. The support FAQ explicitly states 'Do you have an open API? (Yes!)' indicating public availability. Terms of Service prohibit unauthorized automated interaction via scripts without approval, implying a documented API with approved use cases. Developer documentation is at developer.ngenic.se.
What industry is Ngenic in?
Ngenic's product category is Smart Home Energy Management. Its primary akta.pro industry code is HSAPAQAD, Smart Climate & Air Quality (Thermostats, HVAC, Purifiers, IAQ Sensors), with a secondary code of HSAHADAC, Smart Thermostat & HVAC Automation Integration. Its NAICS code is 334512 and its SIC code is 3822.