With its AI-powered platform, Nuuka can reduce properties’ energy consumption by 15-40%, or even it reduce by half, and after 3,000 properties connected, Nuuka is now focussed on international expansion. With a strong presence in Sweden with customers like ICA Fastigheter and H&M, we see good prospects for Nuuka to reach the lower end of Loudspring’s expectations for the company in 2021, which makes Nuuka Loudspring’s second largest holding and a significant driver for Loudspring’s future net asset growth.