ReMoni is a Danish startup from 2014 that has developed a sensor and artificial intelligence that makes it quick and easy to monitor technical installations. With this monitoring, it is possible to remove or reduce waste of energy and water in buildings and in production. The solution has been implemented in the Danish market.

By Alexander Tonnesen, GTS Association

“ReMoni originates from a desire to spare the environment from unnecessary waste due to a lack of knowledge that can be collected from technical installations,” says founder and CEO Bo Eskerod Madsen, ReMoni.

Therefore, ReMoni has developed three types of clamp-on sensors that can be installed on the outside of cables and pipes. The sensors collect data that can be used, among other things, for monitoring electricity, water, and heat.

In this way, the company’s sensors can be used, among other things, to reduce waste during production or to prevent and foresee wear and tear on machines. It can also contribute to saving energy for heating buildings since data can be used to look ahead and provide knowledge about what the heating needs are for the coming days. This makes it possible to avoid wasting a lot of electricity and heat that is not necessary.

The product that ReMoni offers is therefore largely about solutions that can optimize existing technologies.

External consultancy and R&D collaboration

Along the way in the development work, ReMoni has benefited from collaborations with the Business House Mid Jutland, the Innovation Foundation, and the GTS institutes.

“In Denmark, we do not have a particularly strong investment environment, as in the USA, for example. We, therefore, need to compensate through, for example, GTS, the Business Houses, and the Innovation Foundation, which together can help with capital, knowledge dissemination, and networking,” says Bo Eskerod Madsen.

“The GTS institutes have contributed with different knowledge, and it has been incredibly rewarding to collaborate with specialists from here. In the development work, we have had the opportunity to use GTS facilities to test our technology. We have, among other things, collaborated with the Alexandra Institute, FORCE Technology, and the Danish Technological Institute.”

Bo Eskelund Madsen says that ReMoni is currently collaborating with FORCE Technology on a project that will reduce waste in food production. Here, ReMoni contributes, among other things, with sensors that can investigate where in the production optimization is possible. A sensor that can keep an eye on the engine in a machine is also being looked at. Here, the point is to be able to foresee sudden needs for repairs or maintenance – to thus preempt problems.

The company’s collaboration with the Business House Mid Jutland has also evolved along the way, from, for example, help with investor agreements, legal help, patents, and the like at the beginning, to now being more about being guided in terms of finding the right collaboration partners.

About the collaboration with the Innovation Foundation, Bo Eskerod Madsen says:

“It has been easy and flexible. We have experienced Innobooster as a really good arrangement, which provides access to ’soft money’, which means that neither repayment nor returns are required. The funding is important for being able to develop our technology and demonstrate that the technology works. Because only when it works is it possible to attract investors.”

Projects become easier in GTS collaborations

It is also possible to purchase GTS competencies as part of Innobooster, which according to Bo Eskerod Madsen is an advantage.

“GTS is generally very focused on the fact that these solutions should go to market, and that is exactly the right mindset when you want to go from a good idea to a market-ready product,” says Bo Eskerod Madsen, CEO of ReMoni.

ReMoni is currently focusing on the Danish market but would like to expand to the international market. For the company, it is easiest to optimize the solution in Denmark and then take a sharp product out into the world.

Facts

ReMoni’s primary target group is building owners, manufacturing companies, and companies dealing with water, heating, and electricity networks. The solution consists of various sensors that communicate wirelessly via ReMoni’s Gateway with the cloud platform ReCalc and ReCalc MoniTor, where it is possible to access data.

You can read more about ReMoni’s activities on their website here

Photo: Bo Eskerod Madsen, CEO, ReMoNi