CO2 Smart Tech

What CO2 Smart Tech does

CO2 Smart Tech, S.A. is a privately held Spanish engineering and technology company headquartered in A Coruña, with a software factory in Bueu (Pontevedra), founded in 2010-2011 and operating as a Sociedad Anónima under Spanish law. The company builds and sells real-time energy management and ESG software for industrial plants and large commercial ("gran terciario") facilities, with two flagship products: cost|TEM, a real-time platform that integrates equipment, BMS, MES, and ERP systems into a single tool with 1-2 second data updates, customized role-based dashboards, alarm management, predictive-maintenance support, and automated Carbon Footprint and sustainability reporting (ISO 50001, LEED, BREEAM, GRESB); and wi|TEM, a lighter-weight multi-point energy management system aimed at consulting firms and multi-site operators, currently scoped to the Spanish electricity market. The platform is complemented by vertical variants (Industry, Automotive, Food & Beverage, Real Estate) and add-on modules for production-data correlation and Carbon Footprint Scopes I/II/III.

The company monetizes through annual cost|TEM/wi|TEM software subscriptions, typically priced per installation or enterprise-wide with quote-based commercial terms, plus implementation and integration services delivered through its internal team and partner network. It goes to market via direct enterprise sales (targeting multinational corporates, large retail, and industrial groups) supplemented by a channel program of energy management consultants, engineering firms, and technology integrators, including a core partnership with Siemens as an IE2 Expert. The customer base spans automotive components (CIE Automotive, Gestamp), retail (El Corte Inglés across more than 300 installations), commercial real estate (CBRE), food and beverage (Leche Celta, Clavo Food Factory, Findus), aerospace composites (Aernnova), seafood (Nueva Pescanova), wood products (FINSA), and cold storage (Galfrío), with deployment across roughly 16 countries and 250+ industrial/tertiary cost|TEM installations alongside 1,000+ wi|TEM installations.

Operating evidence supports a bootstrapped growth profile: no venture or private equity funding is disclosed, with the only external capital being non-dilutive grants from the European Regional Development Fund and the Xunta de Galicia (Principia 2021 personnel co-financing; XPANDE DIGITAL 2022 international marketing). The company has been recognized for four consecutive years in the Gartner Market Guide for Energy Management & Optimization Systems (EMOS) and has earned repeat ARDÁN "Empresa Innovadora" and "Empresa Global" certifications from the Consorcio Zona Franca de Vigo (2019, 2020, 2025), with an enerTIC Awards 2024 Smart Factory finalist nod for the Gestamp rollout and an INNOBENCH 2020 score of 477 points (4-star category).

Name

CO2 Smart Tech

Legal name

CO2 Smart Tech, S.A.

Website

https://co2st.es

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

CO2 Smart Tech is a Spanish engineering and technology company that provides real-time energy management and ESG software (cost|TEM and wi|TEM) to industrial and large commercial facilities across automotive, food & beverage, retail, and real estate sectors in roughly 16 countries.

Ownership category

akta.pro rank

Product category

Energy Management Software

SIC

Services-Computer Integrated Systems Design (7373)

akta.pro industry

PRIMARYBPABAGAG

Smart Building Software Platforms (IWMS/CAFM Integration, Digital Twin, Command Center)

Business & Public Services/Facilities Management & Building Services/Building Automation, Energy Management & Smart Building Services

Keywords

• Energy management software
• Real-time energy monitoring
• ESG reporting automation
• Industrial energy efficiency
• Carbon footprint software

Headquarters

HQ city

A Coruña

HQ country

Spain

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations

Revenue model

1. cost|TEM Software Subscription and Licensing: Annual software licensing and subscription model for the cost|TEM energy management system. Includes system updates, regulatory changes, and new tariff integrations. Deployment in multiple facilities generates recurring revenue through per-installation or enterprise-wide licensing.
2. wi|TEM Software Subscription: Subscription-based model for wi|TEM multi-point energy management system. Oriented toward energy consultants and organizations managing multiple installations. Revenue generated through annual contracts with per-installation fees.
3. Implementation and Integration Services: Professional services including hardware installation, system integration, engineering, communications, and technical support for project implementation. Provided through internal team and partner network.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

CO2 Smart Tech develops and sells cloud-based real-time energy management software platforms (cost|TEM and wi|TEM) for industrial facilities and large commercial buildings. The platform integrates equipment, systems, and production processes into a single tool that delivers energy monitoring, ESG reporting, carbon footprint calculation, alarm management, and production-energy correlation analytics. The platform enables customers to identify and minimize energy costs while supporting sustainability and regulatory compliance objectives.

Product overview

CO2 Smart Tech offers a platform-plus-modules architecture centered on two core products: cost|TEM (an advanced real-time energy and ESG management system for industrial and large tertiary facilities) and wi|TEM (a multi-facility energy management solution for organizations with multiple installations, available only for the Spanish electricity market). These are complemented by sector-specific vertical variants (cost|TEM Industry, Automotive, Food & Beverage, and Real Estate) and functional add-on modules including a Production Module (linking production data with energy consumption) and Carbon Footprint Module (automating GHG calculations for Scopes I, II, and III). Both core systems share a common interface, enabling customer migration between them based on management depth requirements.

Differentiator

Problem solved

Functional benefit

Brands

• cost|TEM: Advanced real-time energy management and ESG software system for industrial and large tertiary facilities, featuring integration of equipment, systems, and processes with advanced analysis, reporting, alarm management, and sustainability certifications (ISO 50001, LEED, BREEAM, GRESB).
• wi|TEM

Products and services

• cost|TEM Advanced real-time energy and ESG management system that integrates equipment, systems, and production processes into a single tool, enabling technical and energy management of industrial and large tertiary facilities. Provides 1-2 second data updates, automated reporting, alarm management, and supports sustainability certifications (ISO 50001, LEED, BREEAM, GRESB).
• wi|TEM Multi-facility energy management system for energy consultants, enterprise groups, and utilities managing multiple installations. Uses daily meter readings without requiring measurement equipment installation, enabling analysis, control, and management of energy consumption and costs across multiple facilities. Available exclusively for the Spanish electricity market.
• cost|TEM Industry Vertical edition of cost|TEM tailored for industrial facilities, supporting integration of multiple equipment and production systems across general manufacturing operations.
• cost|TEM Automotive Vertical edition of cost|TEM designed for the automotive auxiliary sector, featuring production module integration for line efficiency and shift-based energy metrics. Deployed across CIE Automotive, Gestamp, and other automotive suppliers.
• cost|TEM Food & Beverage Vertical edition of cost|TEM tailored for the food and beverage industry, integrating multiple production systems such as freezing tunnels, industrial ovens, mixers, fryers, and packaging machines for energy and production correlation.
• cost|TEM Real Estate Vertical edition of cost|TEM designed for the real estate sector, integrating building systems including HVAC, lighting, parking, and enabling tenant billing automation and ESG reporting (GRESB, LEED, BREEAM).
• Production Module (cost|TEM) Add-on module for cost|TEM that relates production data (references, manufacturing lines, shifts) with energy consumption in real-time through graphs and reports. Enables monitoring and control of energy efficiency indicators by product/reference, manufacturing line, and work shift, with alerts on consumption deviations.
• Carbon Footprint Module Add-on module that automates Carbon Footprint calculation across Scopes I, II, and III, and facilitates acquisition of international sustainability certifications including ISO 50001, LEED, BREEAM, and GRESB.
• cost|TEM Mobile App (Android) Mobile application for the cost|TEM system providing access to main functionalities on smartphones and tablets for on-the-go energy management.

Quantifiable outcome

• 8%–20% energy savings achieved by customers
• +13 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability3 records

Feature10 records

Partnerships

17 partnerships are on record, tiered core and minor.

• EnertracoreChannel Partner/ Reseller/ DistributorEnergy engineering and efficiency company offering comprehensive energy engineering, consulting, and legal advisory services to organizations of all sizes at industrial and large tertiary level. Uses wi|TEM through Enercontroller annual service contract for energy management, consulting, and legal advisory based on energy consumption monitoring. Achieved 28% reduction in temporary resources, 34% reduction in response time, and 85% reduction in monitoring errors. Enertra migrates clients to cost|TEM for deeper energy and technical management needs.
• VeoliaminorChannel Partner/ Reseller/ DistributorPartner logo displayed on CO2 Smart Tech partners page indicating distribution/reseller relationship for energy management solutions.
• Enertra Eficiencia energéticaminorChannel Partner/ Reseller/ DistributorPartner logo displayed on CO2 Smart Tech partners page.
• AxonminorChannel Partner/ Reseller/ DistributorPartner logo displayed on CO2 Smart Tech partners page.
• SiemenscoreTechnology or IntegrationCO2 Smart Tech is first partner company to join Siemens IE2 Experts team - experts in monitoring, energy management, and control of Siemens electrical products and systems. Partnership enables high-level integration projects of Siemens measurement and control equipment into cost|TEM system.
• Soltec IngenierosminorChannel Partner/ Reseller/ DistributorPartner logo displayed on CO2 Smart Tech partners page.
• Lositron SistemasminorChannel Partner/ Reseller/ DistributorPartner logo displayed on CO2 Smart Tech partners page.
• TevalcorminorChannel Partner/ Reseller/ DistributorPartner logo displayed on CO2 Smart Tech partners page.
• EkitermicminorChannel Partner/ Reseller/ DistributorPartner logo displayed on CO2 Smart Tech partners page.
• InycomminorChannel Partner/ Reseller/ DistributorPartner logo displayed on CO2 Smart Tech partners page.
• Grupo InseminorChannel Partner/ Reseller/ DistributorPartner logo displayed on CO2 Smart Tech partners page.
• INGADAminorChannel Partner/ Reseller/ DistributorPartner logo displayed on CO2 Smart Tech partners page.
• VoltferminorChannel Partner/ Reseller/ DistributorPartner logo displayed on CO2 Smart Tech partners page.
• GRESBcoreTechnology or IntegrationStrategic integration partnership. cost-TEM and wi-TEM systems incorporate automated data collection for integration with GRESB (Global Real Estate Sustainability Benchmark), adapting to their standards and simplifying the process. GRESB provides comparative and reliable ESG data on assets worldwide, evaluating environmental, social, and governance performance.
• CESVIMAPminorStrategic or Co-development PartnerCollaboration project for monitoring the electric vehicle charger testing zone. Objective was conducting a study on behavior, manageability, and energy performance of different charger models. Project was presented at COP25 Climate Summit in Madrid.
• Galician Climate Alliance (Alianza Galega Polo Clima)minorStrategic or Co-development PartnerCO2 Smart Tech joined the Galician Climate Alliance, an initiative bringing together companies, organizations, and administrations committed to climate action in Galicia. Reinforces commitment to climate action and contribution to building a climate-neutral Galicia.
• CluergalminorStrategic or Co-development PartnerParticipation in Energy Days organized by Cluergal (Cluster of Energy of Galicia) held October 8-10 in Santiago de Compostela.

Scale indicators23 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Schneider Electric (EcoStruxure): Global energy management and automation incumbent whose EcoStruxure platform provides comparable real-time energy monitoring, ESG reporting, and building/industrial management, but as part of a much broader portfolio of hardware, software, and services spanning power distribution, automation, and grid.
• Siemens Smart Infrastructure: Strategic OEM partner of CO2 Smart Tech AND a major competitor in industrial/building energy management via Navigator, BMS, and Siemens Energy Manager. Overlapping EMOS offerings across smart buildings, factories, and microgrids at global scale with substantially larger R&D and salesforce.
• Honeywell Forge Energy Management: Multinational incumbent with Honeywell Forge Enegine and Connected Enterprise offerings spanning energy monitoring, sustainability/ESG reporting, and predictive maintenance for industrial and large commercial customers, overlapping with cost|TEM's analytics and ESG reporting capabilities.
• ABB Ability Energy Management: Industrial automation incumbent offering ABB Ability energy and asset management solutions for industrial and commercial facilities; comparable in targeting plant-level energy visibility, predictive maintenance, and ESG reporting across manufacturing customers.
• Johnson Controls (OpenBlue): Global building automation incumbent with the OpenBlue digital platform providing energy, sustainability, and ESG analytics for large commercial real estate portfolios and industrial sites; directly comparable in target customers (large tertiary segment) and ESG reporting functionality.

Direct peers

• EnergyCAP: Established US-based energy and sustainability management SaaS providing utility bill tracking, real-time metering, and ESG reporting for enterprises and energy managers. Comparable target users (energy consultants and multi-site enterprises) and ESG/sustainability reporting focus.
• DEXMA: Barcelona-based cloud energy management SaaS platform serving multi-site commercial and industrial customers in Spain and Europe. Closest direct peer: similar SaaS subscription model, energy monitoring focus, Spanish/Iberian market overlap, multi-vendor hardware integration approach.
• KWh Atlas: Energy management SaaS platform providing real-time monitoring, sub-billing, and energy analytics for multi-site commercial and industrial portfolios. Closely comparable on multi-facility energy management, billing/utility automation, and SaaS delivery model.

Emerging players

• Enerbrain: European AI-driven energy optimization startup focused on commercial real estate and small industrial sites. Comparable in cloud-based real-time energy management and ESG/sustainability reporting for multi-site buildings, with narrower scope than cost|TEM and no manufacturing production integration.
• BrainBox AI: Canadian AI-driven building energy optimization company providing real-time autonomous HVAC and energy analytics for commercial real estate. Adjacent to cost|TEM Real Estate in target market and analytics ambition, but with a stronger AI/autonomous optimization emphasis and narrower scope than CO2 Smart Tech's industrial coverage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/co2st_tem
• Facebookfacebook.com/co2smarttech
• LinkedInlinkedin.com/company/co2-smart-tech---co2st

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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 CO2 Smart Tech