ReMoni receives 1.8 million EUR to develop ultrasound-flow metering
The GreenTech company ReMoni has been boosted with 1.8 million € to expand their existing platform. ReMoni produces clamp-on monitoring of energy and technique in buildings and production and receives an atypical investment consisting of both public and private funds. ReMonis development project clamp-on flow metering has been granted an Innobooster grant of 480.000 €. ReMoni is grateful for the faith shown by the Danish Innovation Fund.
The investment from the Danish Innovation Fund of 480.000 € will be matched by a private investment of additional 1.350.000 € from the ReMonis co-owner and Chairman, Kenneth Iversen. Kenneth is an experienced and successful businessman with a strong set of values about decentness, responsibility and not at least to make the employees co-owners of ReMoni.
Kenneth is an experienced and successful businessman with a strong set of values about decentness, responsibility and not at least to make the employees co-owners of ReMoni.
ReMoni is a Danish company aiming to find savings in production and buildings by effectively finding and fixing operation errors and waste. ReMonis solutions is based on new, intelligent technology and stands out by its price. The price for this innovative water and heating metering can be shorted down to 1/5 of the price on the competitors’ meters on the market.
ReMonis clamp-on flow metering uses ultrasound to monitor flow – flow meant as the amount of liquid running through a pipe during a chosen period. The million investment has been awarded for second phase in the development of the clamp-on flow metering for water and heating. Where the first phase was development of a prototype, the second will be further development towards a fully mature product. This smart kind of metering can be done from the outside of existing pipes, so you avoid cutting into pipes to install the measurement probe.
” By uniting for investment in green technology for easy and cost-effective flow metering Kenneth Iversen and the Danish Innovation Fund make an excellent example. All involved parts gain a better investment and we contribute to the necessary conversion to address the climate crisis.”
– Bo Eskerod Madsen, CEO at ReMoni.
Mission to reduce waste
Development of clamp-on flow metering supports ReMonis mission of waste elimination regarding energy, production and CO2. The company’s CEO Bo Eskerod Madsen started his career as electrician on the countryside and is today holding a Ph.D. in analytical statistics (also known as Data Science) from Denmark and New Zealand. Bo founded ReMoni in 2014 and in 2018 the company moved to larger facilities in a small town called Stilling. In 2021 the company can look forward to moving to larger facilities.