Buildings account for a significant share of global energy consumption and emissions, making energy optimization in the built environment one of the most impactful levers in the transition to a more sustainable economy. Piscada addresses this challenge through its Building Intelligence Platform, which combines traditional building automation with advanced analytics and artificial intelligence to enable predictive control and real-time portfolio optimization.
Through its AI platform Foresight, Piscada consolidates operational and energy data across buildings and applies AI to detect inefficiencies, predict faults, and optimize performance. The result is lower energy consumption, reduced operating costs, and improved sustainability performance for property owners and facility managers.
The investment coincides with a significant commercial milestone for Piscada. The company has recently signed a large agreement with one of Norway’s largest privately owned real estate groups, covering energy optimization, operational monitoring, and analytics across relevant parts of a property portfolio of approximately 500 buildings.
The agreement follows successful pilot projects and represents an important validation of the company’s technology and market position. By implementing Piscada’s platform, the real estate group aims to improve operational efficiency, gain deeper insights into building performance, and support its sustainability ambitions.
Piscada’s technology builds a digital representation of each building and continuously analyses operational data to identify inefficiencies and improvement opportunities. The platform can automatically detect operational deviations, prioritize corrective actions, and enable operators to optimize energy usage across entire property portfolios. Typical customers achieve 10–25 % energy savings, demonstrating the tangible impact of data-driven building operations on both costs and emissions.
For Skagerak Capital, the investment aligns strongly with the focus of supporting companies that combine technological innovation with measurable sustainability impact.
“Decarbonizing the built environment is one of the most important challenges in the energy transition. Piscada has developed a highly scalable technology platform that helps property owners reduce energy consumption and CO₂ emissions while improving operational performance,” says Andreas Eskeland, partner at Skagerak Capital.
Piscada has deep expertise in building automation, industrial software, and data analytics. Originating from research and industrial development environments in Norway, the company has built a platform that integrates seamlessly with existing building systems and scales from individual properties to large portfolios.
Today, more than 1 500 buildings are connected to the Piscada platform, providing a growing data foundation that strengthens the platform’s intelligence and optimization capabilities over time. With strong market traction, a growing pipeline of large property companies, and increasing demand for digital solutions that improve building performance and sustainability, Piscada is well positioned for continued growth in the Nordic region and internationally. Through this investment, Skagerak Capital looks forward to supporting Piscada’s next phase of growth as the company scales its technology and accelerates the decarbonization of buildings.
Link to press release about the Thon agreement: https://piscada.com/articles/thon-gruppen-piscada-foresight
Link to Piscada webpage: https://piscada.com/