Minibems merges with Evinox Energy, combining to make Evinox
The joining of Evinox and Minibems enables the two companies to cement a leading position in smart heat network technology ensuring enhanced energy efficiency and cost savings for heat network designers, installers, operators and residents.
Evinox Energy provides a full range of hardware and services to heat networks. The company has pioneered remotely connected heat interface units (HIU) designed for easy installation, operation and maintenance. Evinox has supplied thousands of installations for projects across the UK, including prestigious developments such as Battersea Power Station, London City Island, Wood Wharf at Canary Wharf and Riverlight at Nine Elms.
Minibems has developed advanced technology which optimises the operation of heat networks in real-time, using patented flow control algorithms to predict and meet heat demand. By vastly improving network efficiency, energy consumption and carbon emissions can be reduced by more than 50%.
“This is a powerful step to address the pressing needs of our industry for effective decarbonisation solutions,” said Terry Mahoney, Managing Director of Evinox. “By combining our expertise and technology, we can offer a truly comprehensive range of hardware and services that guarantee energy efficiency. We are looking forward to the opportunities this merger will bring for our customers and for the industry as a whole.”
“We are thrilled to be partnering with Evinox to offer a complete solution for heat network operators,” said Minibems CEO Simon Gunter, who will continue as Executive Chairman of the combined entity. “Combining Evinox smart ModSat HIUs with Minibems optimisation technology will help heat network operators to maximise efficiency and reduce the energy bill to residents.”
The Evinox Energy and Minibems merger creates the undisputed leader that will boost the efficiency of heat networks and achieve emission reductions at scale. The merger ensures that heat networks can fulfil their commitment to decarbonise heat, by reducing the carbon intensity by 1 ton per apartment each year in existing networks.
The combination has over 100 employees, working from offices in Chessington and Bournemouth in the UK, with a manufacturing facility in Brasov, Romania.
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