Elencon Systems

Elencon Systems Overview

Elencon Systems has developed a software-based chiller optimizer called the Chiller Smart Management System. The company's software continuously monitors the facility and improves over time through artificial intelligence.Elencon aimsto deliver a30% reduction in air conditioning costs on average, while leaving internal room and building conditions unchanged. Elencon's service is not intrusive to any existing energy or building management application or standard chiller system. The company's real-time optimization protocols are designed to determine the most economical set points. In addition, the algorithms learn each building's thermodynamic characteristics in order to solve differential equations of energy flow while maintaining the required room conditions.

Cumulative Funding Raised Over Time ($)

Latest News

Apr 12, 2016 · www.israel21c.org

growth-positive

Smart software keeps buildings cool using less electricity

Israeli company Elencon Systems has developed the Chiller Smart Management System (CSMS), which helps reduce the electricity consumption and costs associated with cooling large buildings. The company has already installed its system in several locations in Israel, saving around $180,000 on cooling costs each year. Elencon has also signed agreements with Magellan in the US and GE Grid in France for further installations and collaborations. The company plans to expand its operations to the US and London and has raised half a million dollars from French angel investors. The CSMS system analyzes real-time data to optimize chiller usage and offers a shared savings business model, where Elencon assumes the risk and only gets paid if clients save money.

Customers

Feb 28, 2016 · www.globes.co.il

growth-positive

Israeli energy saving co Elencon teams with Alstom

Israeli company Elencon Systems has signed a memorandum of understanding with French engineering company Alstom SA, a unit of US giant General Electric (GE), with a view to a long-term collaboration agreement. Elencon has developed technology for managing energy consumption that can reduce the cost of cooling large buildings by 30%. The company has already installed its technology in several locations in Israel, resulting in significant cost savings. Elencon sees great potential for its unique technology, especially as legislation in the Western world is making it mandatory to examine energy-saving solutions for large buildings.

Customers

Funding

Team Members

2

Employees: 1-10

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Locations

Tel Mond, Israel

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