While the EU made significant progress in reducing greenhouse emissions, the targets for 2030 remain challenging for most European countries. Many of them have extensive inventories of old, energy-inefficient buildings that need to use high-temperature heating systems to avoid huge heat waste. In 2021, buildings consumed around two-fifths (35%) of the total final energy across all sectors and were the primary source of greenhouse gas emissions.

This issue persists: 85% of EU buildings were constructed prior to 2000, and of those, 75% exhibit inadequate energy performance.

However, the private sector saw improvements in reducing those emissions when modern AI-driven platforms, such as Exergio, that significantly reduce energy costs of commercial buildings and save costs entered the European market, helping to decrease energy consumption by optimizing heating and cooling systems in commercial buildings.

Although reconstruction and upgrading old buildings are improvements in reducing energy waste, they are not the ultimate solution.

“Even if a building is constructed sustainably, it doesn’t automatically translate into efficient operation - the key is in the way the facility is managed. Sometimes, a building's heating and cooling systems operate simultaneously by error, which wastes a large quantity of energy, CO2, and money,” says Donatas Karčiauskas, CEO of Exergio. “We have created a system that connects the newest technology with AI, and an algorithm we install works in a building 24/7, constantly monitoring the building’s data.”

Exergio recently announced a significant achievement at Nowy Rynek, Poland, a sprawling complex spanning 52,000 square meters in Poznań.

Developed by Skanska and partially owned by EastNine company, Nowy Rynek encompasses retail, commercial, and residential spaces. Since assuming management responsibilities, Exergio has successfully reduced energy costs by 20%. This achievement translates to monthly savings of Є93.3K, totaling approximately Є840K over the course of nine months under Exergio's operation.

The successful example in Poland showcases how energy-inefficient buildings in the EU can start saving energy and costs even without the reconstruction of buildings.

"We are presently involved in ongoing projects situated across Ireland, the Czech Republic, Hungary, Oman, Sweden, Lithuania, and the United Kingdom. Furthermore, strategic initiatives are underway to expand our presence into Germany and France in the coming months," stated Karčiauskas.