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Business growth

Buddy Energy – smart energy for buildings of the future

When the electricity market became increasingly unpredictable, three Gothenburg-based companies saw an opportunity to think differently. The result was Buddy Energy – an energy company that helps property owners transition to more sustainable and cost-efficient energy use. With support from Nordea, the company is now ready to grow – quickly and sustainably.

Buddy energy company solution
Buddy Energy installs solar panels on the property’s roof and a battery for storage.

Buddy Energy was created by Vectura Fastigheter, BRA Bygg and Broods – three companies with extensive experience in property management and energy optimisation. Together, they have developed a solution that combines locally produced green electricity with smart technology for storage and control. The goal is clear: to make it easier for property owners to reduce their climate impact and lower costs while contributing to a more robust electricity system.

A solution that benefits both customers and climate

Demand for electricity is increasing, but expanding the power grid in the traditional way is both costly and time-consuming. The property sector is one of Sweden’s top greenhouse gas emitters and it faces major challenges. Buildings in Sweden account for around 40% of the country’s total energy consumption. For Sweden to achieve its climate targets, the sector’s climate footprint needs to decrease over time.

It was against this backdrop that Buddy Energy was born. The company offers a flexible and scalable solution that gives property owners access to locally produced green electricity, smart storage, and control – without having to make the investment themselves.

Per-Henrik Persson, CEO of Buddy Energy.

“Our owners saw that there was no player taking a holistic approach to the energy needs of properties,” says Per-Henrik Persson, CEO of Buddy Energy. “With our model, we can both reduce climate impact and create economic value for our customers.”

How it works

Buddy Energy installs solar panels on the property’s roof and a battery for storage. A smart control system optimises energy use and can also support the power grid when needed. The property owner pays a fixed price for the electricity and shares in the profit generated by the solution.

The set-up resembles an “as-a-service” model but goes one step further. Buddy Energy takes care of the entire investment – from planning to operation – and tailors the solution to the unique needs of each property.

“We always start by gaining a good understanding of the customer’s objectives and operational situation. Then we develop a solution that maximises the benefits – both for the property and for the electricity grid,” says Per-Henrik Persson.

With our model, we can both reduce climate impact and create economic value for our customers.

Nordea enables green growth

Since the launch in 2023, demand has been high – initially from the owner companies, but now also from external customers. Buddy Energy has secured new green financing from Nordea to meet the rising demand.

“Buddy Energy is a prime example of how we at Nordea support our customers in developing sustainable business models. This deal is fully in line with our energy sector strategy and our ambition to promote the green transition of industries and properties,” says [Peter Holmberg/Niclas Ringblom], TITEL and co-lead of Business Banking Sweden’s energy team.

The financing is provided in the form of a construction credit facility that enables investments in new installations. Since the solution meets the criteria of Nordea’s green financing framework, Buddy Energy is also offered more favourable terms.

“We’ve had a very good and transparent dialogue with the Nordea team right from when we founded the company. The team is responsive and has a good understanding of our needs, so the financing solutions have gradually evolved to support the growth plan we are now in the process of realising,” says Per-Henrik Persson.

Facts about Buddy Energy

  • Founded in 2023
  • Owned by Vectura Fastigheter, BRA Bygg and Broods
  • Offers energy optimisation with solar panels, batteries and smart control
  • Has seven employees
  • Based in Gothenburg
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