Elencon Systems News
2 articles
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
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
