SBB initiates unique investment in decreasing CO2-emissions by 75%
Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB") is investing in a unique project which will decrease CO2 emissions by around 75% related to 476 apartments in Motala. In short, SBB will carry out an energy saving project with the aim of reducing energy usage by at least 50%, which together with use of solar energy will decrease CO2 emissions by around 75% and 45 ton of CO2 per annum. We expect to achieve this with the use of heat pumps and heat recovery from exhaust air and waste water. SBB is currently working in cooperation with the Swedish company Watts2You on developing a solution to enable the operation of heat pumps that produce electricity from solar cells. The electricity produced can also be stored in batteries to meet electricity needs even during the dark hours of the day.
Tellus 1 in Motala, which is included in SBB:s Green bond framework and is also one of SBB's larger residential properties, has been undergoing a program of renovations of existing apartments for just over a year. Furthermore, around 70 of the property's 476 apartments have so far been renovated and modernized. Over the next 5 years SBB plans to renovate a further 250 apartments in Tellus 1.
"Sustainability is an integrated part of SBB’s business model. This investment and cooperation with Watts2You in using solar energy modules to achieve a 75% reduction in CO2 emissions is an innovative approach in addressing one of the greatest challenges facing both the businesses and society," says Ilija Batljan, Founder and CEO of SBB.
"SBB and Watts2You are both focused on sustainability and on finding solutions for climate change challenges. The solar energy modules from Watts2You will enable the buildings to be even more green and energy efficient. The project has the potential to significantly contribute to the transition of the Swedish energy system. Watts2You are proud and happy to be part of this effort," says Lars G. Josefsson, Founder and CEO of Watts2You.
About Watts2You AB
Watts2You AB and its founder Lars G Josefsson is developing a new and innovative product for the global residential energy sector. The product integrates solar cells, battery, micro-inverter and electronics in one modular unit. The product provides an autonomous possibility of self-supply of electricity 24 hours a day, 7 days a week. Due to the integrated build-up, and modular construction, the unit and the installation costs will be minimal. The product effectively enables the transition to renewable energy and is an important contributor to the stabilization of the grid.
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, +46 70 518 39 67, ilija@sbbnorden.se
About Samhällsbyggnadsbolaget i Norden AB (publ)
The company’s strategy is to own, manage and develop community service properties throughout the Nordic region and rental apartments in growth regions in Sweden. Through the company's commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the company an attractive long-term partner. At the beginning of 2018, SBB was named the winner of the Real Estate Company of the Year Award for 2017. The company’s series B shares (short name SBB B), D shares (short name SBB D) and preference shares (SBB PREF) are listed on Nasdaq First North Premier. Certified Adviser is Erik Penser Bank (contact: certifiedadvisor@penser.se / +46 84638300). More information about the company is available at www.sbbnorden.se.