Business Wire

Netmore Group and Stena Fastigheter Collaborate to Connect 27,000 Apartments with LoRaWAN Technology

Share

Netmore Group, a leading global LoRaWAN network operator, has entered into a agreement with Stena Fastigheter, a Swedish real estate company to implement LoRaWAN technology across Stena’s property portfolio. This initiative aims to enhance energy efficiency and digital capabilities of Stena's real estate operations.

Project scope and implementation

The project involves providing Netmore’s LoRaWAN connectivity to apartments across Stockholm, Malmö, and Gothenburg. The implementation includes the installation of a large number of LoRaWAN gateways to support Stena’s rollout of submetering (IMD) and temperature/humidity sensors, including up to approximately 42,900 meters and sensors.

Initial focus on energy optimization and enhanced quality of living

A key aspect of the partnership is the use of technology for energy optimization. The primary applications include sub-metering enabled by the deployment of water meters, along with temperature and humidity sensors, which are expected to contribute to more efficient energy management in Stena's properties. Additionally, this technological integration is anticipated to enhance the quality of living for residents, offering a more comfortable and sustainable living environment.

Eric Collinder, Country Manager Nordics at Netmore Group, stated, "We are now entering a phase where LoRaWAN becomes the natural choice of access technology for property owners. We are particularly proud to have Stena Fastigheter, a leading property company in the Nordics, as our customer. They are a prime example of this, opting to equip their portfolio with Netmore LoRaWAN. Providing connectivity for solutions of this scale aligns well with our strategic goals and reflects our established expertise in the property sector.”

Peter Mikulic, Head of Digital Transformation at Stena Fastigheter, expressed, "By equipping our properties with meters and sensors, we can constantly align with the consumption patterns of the buildings and the needs of our tenants, while ensuring that any excess consumption is minimized. After a thorough evaluation of various access technologies and connectivity providers, we chose Netmore LoRaWAN. With Netmore’s connectivity, we can continue to maintain the high level of innovation and environmental consideration that our tenants have come to associate with us.”

Potential for future technological integration

While the initial focus is on energy optimization, the partnership and LoRaWAN technology also allows for the exploration and deployment of additional technological applications in real estate management in the future, demonstrating the versatility of Netmore's LoRaWAN solutions.

Potential applications include:

  • Water Leak Detection: Sensors to identify and alert about water leaks, preventing damage and conserving water.
  • HVAC System Monitoring: Advanced monitoring and control of heating, ventilation, and air conditioning systems for optimal energy use and resident comfort.
  • Waste Management Optimization: Intelligent waste collection solutions to optimize resource use and reduce environmental impact.
  • Smoke Detection: Deployment of smoke detectors for enhanced safety and rapid response in case of fire.
  • Radon Measurement: Utilization of radon measuring devices to monitor and ensure healthy indoor air quality.

Effortlessly connect your property portfolio to Netmore LoRaWAN

Netmore, in collaboration with property owners and application developers, has developed a streamlined, reliable, and cost-effective LoRaWAN offering that enables scalable deployment of sensor networks in both individual properties and extensive property portfolios throughout Europe. Property owners gain several advantages with Netmore LoRaWAN:

  • Efficient and Rapid Deployment of Large-Scale Sensor Projects: Property owners can quickly and easily set up expansive sensor networks.
  • Professionally Monitored Dedicated Network: As the operator, Netmore provides property owners with their own network, which is professionally monitored and maintained.
  • Open and Future-Proof Network: The network allows for a wide range of valuable and useful digitalization applications, ensuring longevity and adaptability for future needs.
  • Access to Netmore Market: Property owners can access a comprehensive range of turnkey digitalization solutions specifically designed for real estate through the Netmore Market.
  • Comprehensive Coverage within Properties: With Netmore LoRaWAN, property owners can reach all measurement points, regardless of their location within the property.
  • Extended Sensor Battery Life: LoRaWAN technology enables up to 15 years of battery life per sensor, significantly reducing maintenance and replacement needs.

For more information about Netmore’s solutions for smarter and more resource efficient properties and buildings, visit: LoRaWAN for Properties.

About Stena

Stena Fastigheter is one of Sweden's largest private real estate companies with more than 27,000 apartments and around 2,500 commercial objects in the metropolitan areas in Sweden. Internationally the operations are conducted by Stena Real Estate. Sustainability is high on the agenda and through the relationship management approach, we develop our neighbourhoods together with the residents and other stakeholders to create attractive areas where people thrive and stay for a long time.

About Netmore Group

Netmore Group is an IoT network operator, building the leading multinational network to advance sustainable business practices. We offer a reliable network platform and leading connectivity expertise for efficient measuring, monitoring, and optimisation of resource use. With 10 years in the industry, we have a solid track record, operating borderless on the European market and have grown to become a leading global network operator. Netmore group’s main owner is the Nordic infrastructure investor Polar Structure.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240616361213/en/

Contacts

Media Contact:
James Gerber
Crackle Communications
+1 508-233-3391
netmore@cracklepr.com

Netmore Contact:
Ken Lynch
VP, Global Marketing
+1 617-877-5393
ken.lynch@netmoregroup.com

Stena Fastigheter Contact:
Peter Mikulic, Head of Digital Transformation, Stena Fastigheter
Phone: + +46101675037
E-mail: peter.mikulic@stena.com
LinkedIn: https://www.linkedin.com/in/petermikulic/ -
https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.linkedin.c
om%2Fin%2Fpetermikulic%2F&esheet=54062369&newsitemid=20240616361213&lan=en-US&an
chor=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fpetermikulic%2F&index=3&md5=6a8a28861
051c3c4a884f07d9ff821fd

(c) 2024 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

“Travel and tourism builds diversified and resilient economies”: Saudi Arabia Minister of Tourism, His Excellency Ahmed Al-Khateeb, tells World Economic Forum Annual Meeting in Davos24.1.2025 20:59:00 CET | Press Release

The Travel and Tourism sector’s essential contribution to shaping the global landscape was underscored at the World Economic Forum (WEF) Annual Meeting in Davos this week with His Excellency Ahmed A. Al-Khateeb, Saudi Arabia Minister of Tourism, urging world leaders to provide the industry with the focus and collaborative solutions it deserves. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250124536028/en/ Saudi Minister of Tourism, His Excellency Ahmed A. Al-Khateeb put travel and tourism on the global agenda at the World Economic Forum Annual Meeting in Davos, Switzerland, this week. (Photo: AETOSWire) Saudi Arabia welcomed nearly 30 million international visitors in 2024 and contributed almost 5% to the Kingdom’s GDP. In dedicated WEF sessions on travel and tourism, His Excellency, who attended Davos as part of the official Saudi Arabia WEF Delegation, highlighted the Kingdom’s unprecedented growth rates. He stressed the

Saudi Arabia to Host Regular World Economic Forum Global Meeting24.1.2025 20:56:00 CET | Press Release

The Kingdom of Saudi Arabia will host a regular high-level World Economic Forum (WEF) global meeting in Riyadh, with the first slated for the Spring of 2026, it was announced today. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250124077475/en/ Saudi Arabia to Host Regular World Economic Forum Global Meeting (Photo: AETOSWire) The announcement was made today by His Excellency Faisal F. Alibrahim, Minister of Economy and Planning, and Børge Brende, World Economic Forum President, on the final day of the 55th Annual Meeting of the World Economic Forum in Davos, Switzerland. The global WEF meeting in Riyadh will serve as a vital platform for global leaders, experts, policy- and decision-makers from diverse fields including the public and private sectors, academia, international organizations, and civil society to convene and address the challenges defining our world. His Excellency Faisal F. Alibrahim, Minister of Economy and

Kweichow Moutai Presents Chinese Enterprise’s ESG Insights at 2025 WEF24.1.2025 16:49:00 CET | Press Release

Wang Li, General Manager of Kweichow Moutai Group, China's top liquor company, was invited to participate in the 2025 World Economic Forum (WEF) Annual Meeting, which officially opened recently, and shared the Moutai solutions on topics such as ESG practices, green and low-carbon development. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250124612942/en/ Wang Li, General Manager of Kweichow Moutai Group, presented Moutai's advanced experience in green technological innovation at the Davos-Caixin CEO luncheon. (Photo: Business Wire) At the 2025 Davos-Tencent Finance Vision Dinner, Wang explained the ESG development based on Moutai's practices. She said that Moutai adheres to long-termism and high-quality development, integrates the ESG concept into the entire production and operation process. By pursuing sustainable development from three dimensions: harmonious coexistence with nature, sharing of social value, and modernizat

LTIMindtree Announces Venu Lambu as CEO (Designate)24.1.2025 15:40:00 CET | Press Release

LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, announced that the Board has decided to appoint Mr. Venu Lambu as the CEO (Designate) & Wholetime Director based out of London with immediate effect. This strategic decision marks a significant milestone in the leadership succession plan and reinforces our commitment towards profitable growth & stakeholder value creation. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250124606926/en/ Venu Lambu, CEO (Designate) & Wholetime Director, LTIMindtree. (Photo: Business Wire) Over the coming months, Mr. Venu Lambu will work closely with Mr. Debashis Chatterjee, CEO & MD, LTIMindtree, to ensure a smooth and seamless transition. This period will allow him to gain deeper insights into the current operations, yearly budget and strategic plans. Mr. S.N. Subrahmanyan, Chairman, LTIMindtree, commented that, “This move reflects our dedicatio

Citigroup Announces Approximately €452 Million Redemption Of 4.25% Fixed Rate/Floating Rate Subordinated Notes Due 203024.1.2025 14:30:00 CET | Press Release

Citigroup Inc. is announcing the redemption, in whole, constituting €451,934,000 of its 4.25% Fixed Rate / Floating Rate Subordinated Notes due 2030 (the “notes”) (ISIN: XS0213026197). The redemption date for the notes is February 25, 2025 (the “redemption date”). The cash redemption price for the notes payable on the redemption date will equal par plus accrued and unpaid interest, to but excluding, the redemption date. The redemption announced today is consistent with Citigroup's liability management strategy and reflects its ongoing efforts to enhance the efficiency of its funding and capital structure. Citigroup will continue to consider opportunities to redeem or repurchase securities, based on several factors, including without limitation, the economic value, regulatory changes, potential impact on Citigroup's net interest margin and borrowing costs, the overall remaining tenor of Citigroup's debt portfolio, capital impact, as well as overall market conditions. Beginning on the re

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye