In Europe, buildings consume a large amount of energy, accounting for 40 per cent of all energy utilize in the EU, according to the European Commission’s Energy Performance of Buildings Directive.
Most of these buildings are old, around 85 per cent were built before 2000, and many are not energy efficient.
In this case, smart building technology could support improve energy efficiency; however, it has been too expensive and complicated for widespread utilize.
Here’s where Estonian startup Bisly comes into play!
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