IQ Energy Nordic

What IQ Energy Nordic does

IQ Energy Nordic is a Danish energy management and monitoring services firm headquartered in Copenhagen, serving commercial property owners, retail chains, and industrial operators across the Nordic region. The company was founded in 2012 as the Nordic solution partner for Best Energy's Eniscope energy management system, and operates with a core team of seven specialists combining energy engineering, project management, and data analysis expertise. Its offering combines Eniscope hardware gateways, IoT sensors (including the Air IoT module), and the Eniscope SMART Cloud platform with a proprietary SMARRT methodology that structures the path from initial measurement through continuous optimization. Integration with Danish utilities (Eloverblik), building automation systems (Honeywell, Nordomatic), and 3 Danmark's network infrastructure allows IQ Energy to consolidate data from existing building infrastructure into a single monitoring and alerting platform.

The company generates revenue primarily through recurring monitoring and management subscriptions, supplemented by one-time implementation and setup fees for Eniscope hardware installation, integration, and configuration, plus advisory and energy consulting services. Go-to-market is consultative and enterprise-focused, anchored by a free energy report (delivered after obtaining power of attorney to retrieve customer consumption data) as the lead generation tool, followed by technical screening, multi-site implementation, and ongoing service. Named customers include Dagrofa (90+ retail and logistics locations), KFI (150+ commercial properties), PensionDanmark, Stena Recycling (20+ production sites), UNO-X (86 car wash halls and 269 gas stations), and Orange Capital Partners. IQ Energy was acquired by DEAS in 2022 and came under PHM Group ownership in 2024; the firm continues to operate as a specialist energy monitoring unit within the Nordic property services group.

Name

IQ Energy Nordic

Legal name

IQ Energy

Website

https://iqenergy.dk

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

1–10 employees

Short description

IQ Energy Nordic is a Danish energy monitoring and management services firm that deploys Best Energy's Eniscope platform, IoT sensors, and a proprietary SMARRT methodology to help Nordic commercial property owners, retail chains, and industrial operators track and optimize energy, water, and heating consumption across multi-site portfolios.

Ownership category

akta.pro rank

Product category

Energy Management Services

NAICS

Computer Systems Design and Related Services (54151), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451)

SIC

Industrial Instruments For Measurement, Display, And Control (3823), Instruments For Meas & Testing Of Electricity & Elec Signals (3825)

akta.pro primary industry

Energy Management & Monitoring (Submetering, Dashboards, Analytics) (BPABAGAD)

akta.pro secondary industries

Energy & Utilities in Manufacturing (Energy Management/Smart Metering) (IMAIAMAK), Condition Monitoring Sensors & IoT (online/offline monitoring, edge devices) (EUADAJAD)

Keywords

• Energy management services
• Energy monitoring systems
• Commercial energy optimization
• IoT energy monitoring
• Building energy analytics

Headquarters

HQ city

Ballerup

HQ country

Denmark

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Energy Monitoring Services: Ongoing energy monitoring and management services for commercial properties, delivering real-time data, analysis, and optimization recommendations. Revenue is generated through service contracts with periodic monitoring, analysis, and reporting.
2. Implementation and Setup: Initial setup including installation of Eniscope hardware, integration with existing systems, sensor deployment, and configuration of the customer-specific platform. Includes technical screening and quality assurance.
3. Energy Consulting: Advisory services including energy audits, consumption pattern analysis, and identification of optimization opportunities and savings potential.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

IQ Energy Nordic provides end-to-end energy monitoring and management for commercial properties, retail chains, and industrial facilities across the Nordic region. The company deploys and customizes Best Energy's Eniscope hardware/software platform combined with IoT sensors and the Eniscope SMART Cloud, then delivers ongoing energy data analysis, optimization recommendations, and the SMARRT methodology. The offering includes initial technical screening, installation via partner electricians, customer-tailored platform configuration, real-time alarm monitoring, and ESG reporting.

Product overview

IQ Energy Nordic operates as a Nordic solution partner for Best Energy's Eniscope energy management system. Their offering combines the Eniscope platform (including Eniscope SMART Cloud for data integration) with professional services including customer-tailored platform configuration, ESG reporting, free energy reports, and the SMARRT methodology. Additional sensor capabilities are provided through Air IoT modules. The core value proposition is transforming complex energy data into actionable insights for commercial properties, retail chains, and industrial facilities across the Nordic region.

Differentiator

Problem solved

Functional benefit

Products and services

• Eniscope Energy Management System Energy management system developed by Best Energy providing real-time monitoring, data collection, and visualization of energy consumption. Implemented and customized by IQ Energy for commercial properties, retail chains, and industrial facilities across the Nordic region.
• Eniscope SMART Cloud Platform Central cloud-based data integration platform that streams all data collected from Eniscope gateways and third-party integrations into a unified platform for visualization and analysis. Serves as the core data infrastructure for customer energy management.
• Customer-Tailored Platform Configuration Customized user platform configured to each customer's needs for measurement points, data, and analyses, providing insights tailored to create specific business value per customer.
• ESG Reporting Service Energy data documentation service for ESG reporting, enabling companies to demonstrate environmental (E) sustainability efforts and track progress on sustainability goals.
• Free Energy Report Complimentary energy report based on actual historical consumption data, providing hourly consumption analysis, peak periods and capacity payment analysis, optimization opportunities during peak loads, own production potential, and estimated savings with payback periods. Requires customer consent to retrieve data via Eloverblik.
• SMARRT Energy Management Methodology Systematic six-step energy management process covering Survey (mapping installations and consumption), Monitor (continuous real-time monitoring), Analyse (pattern and deviation analysis), Reduce (identification and implementation of measures), Review (follow-up on changes), and Target (establishing new goals). Provides structured approach from initial measurement to ongoing follow-up for continuous energy optimization.
• Energy Monitoring Implementation and Setup Service Initial implementation service including technical screening, identification of integration opportunities and consumption groups, installation of Eniscope measurement points and infrastructure (via Wennstrom EL), and quality assurance of data collection setup.
• Energy Consulting and Advisory Service Advisory services including energy audits, consumption pattern analysis, and identification of optimization opportunities and savings potential for commercial properties and industrial facilities.

Quantifiable outcome

• 1.6 million kWh in identified energy savings for Dagrofa across 90+ locations, equivalent to nearly 700 Danish households' annual electricity consumption
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability4 records

Feature5 records

Partnerships

Eight partnerships are on record, tiered core and supporting.

• Best EnergycoreTechnology or Integration · 1 January 2012Best Energy is the developer of the Eniscope energy management system. IQ Energy has been the Nordic solution partner for Best Energy since 2012. They collaborate continuously on development and optimization of both product and working methods. The partnership enables experience sharing with other Eniscope solution partners globally and access to best practices from around the world.
• Wennstrom ELcoreImplementation/ SI/ Consulting PartnerWennstrom EL is the primary installation partner handling the practical setup of energy monitoring. They manage installation of Eniscope measurement points, electrical solutions, and necessary infrastructure at customer locations. Their technical experience ensures stable and correct setup crucial for data quality.
• John Jensen VVSsupportingImplementation/ SI/ Consulting PartnerJohn Jensen VVS is the collaboration partner for HVAC work handling installations related to heating, water, and ventilation. They also exchange data in connection with operational tasks and energy screenings, combining technical conditions and energy data in practical operations.
• 3 DanmarksupportingTechnology or IntegrationStrategic collaboration with 3 Danmark regarding network connections and technical solutions for collecting large amounts of energy data in various types of buildings and facilities. With a large network of solution providers in communication, 3 contributes to efficient and stable data collection.
• DEAScoreStrategic or Co-development PartnerDEAS (acquired IQ Energy in 2022) is a key partner in anchoring energy management in the daily operations of properties they manage. Collaboration includes ongoing dialogue about changed consumption patterns, leaks, cooling problems, and other operational matters. DEAS was acquired by PHM Group in 2024.
• CobblestonesupportingImplementation/ SI/ Consulting PartnerCobblestone is a key partner in integrating energy management into the daily operations of managed properties. With their knowledge of properties and practical operations combined with complete insight into energy consumption, they ensure effective property management together.
• HoneywellsupportingTechnology or IntegrationHoneywell delivers CTS (Control Technical Systems) solutions at many locations where IQ Energy works. Through data exchange with their systems, available measurements are used as an integrated part of energy management, building on existing infrastructure.
• NordomaticsupportingTechnology or IntegrationNordomatic delivers CTS solutions at customer locations. Data exchange enables measurements to be used as an integrated part of energy management, creating more comprehensive and detailed monitoring of consumption.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Schneider Electric: Global incumbent in building automation and energy management via EcoStruxure, including submetering, dashboards, and analytics. Comparable end-customer outcomes but at much larger scale and as part of a full BMS portfolio.
• Honeywell: Global building management and energy analytics incumbent via Honeywell Forge and BMS platforms; also a data exchange partner of IQ Energy. Comparable monitoring and analytics capabilities but as part of a much broader portfolio.
• Siemens Smart Infrastructure: Incumbent in building technologies (Desigo, Building X) with energy monitoring and optimization across commercial real estate and industrial sites. Comparable customer segments and energy optimization outcomes.

Direct peers

• GridPoint: Provider of IoT-based energy monitoring and building optimization for multi-site commercial real estate and retail portfolios. Comparable in deploying submetering hardware, cloud analytics, and anomaly detection at scale.
• EnergyCAP: US-based SaaS for utility bill tracking, energy benchmarking, and sustainability reporting across multi-site commercial and institutional portfolios. Closely comparable to IQ Energy's monitoring, benchmarking, and ESG reporting use cases.
• Best Energy: Developer of the Eniscope energy management platform that IQ Energy resells and implements. Operates in the same Nordic/EU energy monitoring category and shares customers, customer data models, and the SMARRT methodology.

Emerging players

• Carbon Lighthouse: Building decarbonization platform combining metering data with engineering analytics to identify and verify energy reductions in commercial real estate. Comparable outcomes (verified savings, ESG reporting) to IQ Energy's value proposition.
• Verdigris Technologies: AI-powered IoT energy monitoring for commercial and industrial facilities, focused on equipment-level metering and anomaly detection. Comparable technology stack and target use cases to IQ Energy's machine-level industrial monitoring.
• Metrikus: Building analytics platform aggregating data from multiple building systems (BMS, meters, sensors) into a unified dashboard for occupancy, energy, and ESG. Comparable aggregation and dashboarding role to Eniscope SMART Cloud.
• 75F: Cloud-based smart building management combining IoT sensors, HVAC controls, and energy analytics for commercial buildings. Comparable to IQ Energy's commercial building focus and integration with HVAC/CTS partners.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks1 record

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

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 IQ Energy Nordic