Lighting as a service
Rison, in partnership with BrightEco, has significantly contributed to the municipality of Bollnäs's transition to energy efficiency by replacing outdated fluorescent tubes with advanced LED fixtures in several buildings. This initiative not only reduces operating costs and environmental impact for Bollnäs but also includes comprehensive operation, maintenance, and repairs.
This project aligns with Sweden's broader initiative, started on February 24, 2023, to phase out fluorescent tubes in favor of more energy-efficient lighting solutions within five years. An estimated 17 million fixtures are expected to be replaced across the country during this period.
Despite many property owners still being unaware of this new mandate, Rison has seen a surge in demand, securing an initial contract that is likely the first of many.
Jesper Jonsteg, CEO of Rison, highlighted the vast scale of investment required for this transition, with the European LED market projected to reach almost 300 billion SEK by 2024. He noted the inefficiency and economic challenges property owners and companies face in managing such investments independently.
Rison's solution offers a streamlined process for organizations to transition to energy-efficient lighting, supported by favorable financing terms through a pooled portfolio approach. This strategy aims to attract significant capital market players interested in sustainability and reducing climate impact.
The collaboration between Rison and BrightEco focuses on offering 'Light as a Service' (LaaS) to Swedish municipalities and various European property owners and manufacturers. An agreement with Bollnäs municipality has already been established, covering the retrofitting of 1000 sqm of office space, showcasing the practical benefits of this model.
Joel Smedberg, founder of BrightEco, emphasized the economic and operational advantages of LaaS, citing energy savings that typically surpass the service fees and the scalability benefits provided by Rison's financing model.
Rison's approach, characterized by its scalability and flexibility, is designed to support a wide array of climate-enhancing projects, such as LED lighting, heating solutions, ventilation, electric transport, and solar energy, demonstrating a robust model for sustainable transformation.