Provider of AI driven software solutions

About

eSmart Systems builds and delivers the next generation software solutions for inspections of powerlines, grid maintenance planning and energy flexibility optimization. We target utilities worldwide and offer reduced costs and prolonged asset life with the use of our AI-powered solutions.

The company is based on more than 20 years of international experience in establishing and operating knowledge based, leading IT and energy related companies targeting global markets.

eSmart Systems originates from the renowned IFE environment (Institute for Energy Technology). The company was founded in 2012 by an experienced team previously responsible for large IT service exports including delivery of the world's first power exchange to Nord Pool, the Nordic Power Exchange, in 1991. Since 2012 the company has grown rapidly and currently consists of almost 80 employees with offices in Norway, Denmark, the UK, and US. 

Key owners of the company are Kongsberg Digital, Energy Impact Partners, Equinor Energy Ventures, Nysnø, innogy Ventures and several Norwegian utilities.

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Accelerate the transition to a sustainable future

eSmart Systems is being built by people able to capture trends and utilize opportunities. Be it next generation grid management systems, image recognition to drastically improve infrastructure inspections or driving customer and end-users engagement - being at the forefront of future solutions is in our team’s DNA.

We envision a future of sustainable societies. We believe this will be best achieved through our unique combination of domain expertise, machine learning, and data engineering. eSmart Systems’ AI driven software solutions enable our customers to operate more efficiently, resulting in both social and environmental benefits.

Our solutions can predict, detect, and prevent undesired critical infrastructure events, such as power outages. Reduced failure rates, extended asset life and reduced maintenance have economic benefits, both for our customers and the end users. At the same time, more efficient use of the power grid, reduces the need for further development of the transmission infrastructure, helping to protect nature including biodiversity. Our products also include a solution to make energy trading between local market prosumers possible. This is a prerequisite for the shift towards increased distributed production of renewable energy. We are proud to contribute to accelerating the transition towards a sustainable development.

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Mission

eSmart Systems creates intelligent solutions to accelerate the transition to a sustainable future, by developing innovative technology to the energy market – to the people.

The key to our success is competent and dedicated people constantly seeking to learn, improve and drive change.

Vision

A more intelligent and sustainable future for all.

Our vision is sustainable societies. A world where infrastructure assets and resources are efficiently and intelligently managed and maintained. A world powered by eSmart Systems.

Values

eSmart Systems’ achievements are not only measured by what value we create, but by how we create it. This is why our core values are:

  • Integrity
  • Innovation
  • Excellence
  • Teamwork

Management

eSmart Systems is led by an executive team with more than two decades of successful and extensive international experience at establishing, growing and operating world-leading, knowledge-based IT companies in global markets.

Board of Directors

Our Board of Directors reflects eSmart Systems’ national and international ambitions. Board members have extensive and leading experience in energy and new, disruptive technologies.

Bastien Gambini

Investment Director at Equinor Energy Ventures

Bastien Gambini

Investment Director at Equinor Energy Ventures

Bastien Gambini is Investment Director at Equinor Energy Ventures and chairman of the board at eSmart Systems. He has more than 15 years of experience investing in venture and private equity in the energy transition sectors. By training he has a strong background in financial analysis. Former lecturer at University Paris-Dauphine, he holds 2 master’s degree in Finance and an MBA at Insead.

After being the junior founder of one of the Cleantech pioneer funds, Demeter Partners, back in 2005, he joined Equinor Energy Ventures in 2017. Skilled in cross boarder team management and with international work experiences (France, Venezuela, Spain and UK), he sits at the board of several energy related companies in the US, Germany, Norway and the UK.

Joseph Sirosh

Chief Technology Officer at Compass

Joseph Sirosh

Chief Technology Officer at Compass

Joseph is the Chief Technology Officer for Compass, where he leads the development of the real estate industry’s first end-to-end platform. Until Dec 2018, Joseph served as Microsoft’s Chief Technology Officer for AI. During his five years at Microsoft, he also held product and engineering responsibility for all enterprise database, big data and AI products, with 1,700+ engineers.

Prior to Microsoft, Joseph spent nine years as a VP of Technology at Amazon where among other things he managed the Global Inventory Platform for Amazon’s Consumer Business, and built the machine learning and Transaction Risk Management teams. Joseph holds a PhD and MS in Neural Networks from the University of Texas at Austin and a Bachelors from the Indian Institute of Technology, Madras.

Fredrik Nygaard

CEO at Katalysator AS

Fredrik Nygaard

CEO at Katalysator AS

Fredrik Nygaard is CEO at Katalysator AS and has more than seven years of diversified M&A, business development and financing experience from Aker ASA and ten years as CFO including public listed companies. Fredrik is an analytical, structured and dedicated team builder. He is project manager of several business development projects, M&A transactions and IPOs.

Erik Åsberg

CTO at eSmart Systems

Erik Åsberg

CTO at eSmart Systems

Erik is CTO at eSmart Systems with 20 years’ experience in software development within the energy space, mainly using Microsoft and Oracle technologies. The last four years he has been focusing on architecture and design of Big Data technologies, all on the Microsoft Azure platform.

Erik Åsberg was appointed Microsoft Regional Director-Norway in 2019, for a second consecutive two-year period. This is a program that consists of 150 of the world's top technology visionaries chosen specifically for their proven cross-platform expertise, community leadership, and commitment to business results, and therefore nominated as trusted advisor to the developer and IT professional audiences and Microsoft.

Eivind Egeland Olsen

Chief Investment Officer at Nysnø

Eivind Egeland Olsen

Chief Investment Officer at Nysnø

Eivind Egeland Olsen is Chief Investment Officer at Nysnø He previously held the position as head of corporate finance for SR-Bank Markets. Eivind has extensive financial and investment experience from his time as partner in ABG Sundal Collier, Jefferies & Company’s Cleantech team and The Royal Bank of Scotland in London. Eivind holds a Master of Science in Finance and Economics from the Norwegian School of Economics (NHH) and Warwick Business School (WBS).

Michael Donnelly

Partner and Chief Risk Officer at Energy Impact Partners

Michael Donnelly

Partner and Chief Risk Officer at Energy Impact Partners

Michael Donnelly is partner and Chief Risk Officer at Energy Impact Partners. Mr Donnelly spent a 25-year career at General Electric focused on energy in various management functions, most recently acting as Head of Business Development for GE Energy-Industrial Solutions. Before that, he led the Energy Technology Group for GE Equity, where he focused on investments in power and energy technology companies in storage, distribution and energy management.

Mr. Donnelly also served as a Risk Officer for the Equity Group where he ensured proper underwriting for a broad array of equity and debt investments. He also served as a Risk Officer at GE Global Sponsor Finance where he underwrote and managed a portfolio of over $1B. Mr. Donnelly holds a Bachelor of Science Degree from the U. S. Merchant Marine Academy and an MBA from the Darden Graduate School of Business Administration, University of Virginia.

Thomas W. Thomas

Managing Director of innogy Ventures

Thomas W. Thomas

Managing Director of innogy Ventures

Dr. Thomas W. Thomas is Managing Director of innogy Ventures, the €130m venture capital investment arm of the innogy Innovation Hub. He focuses on innovative and digital business models in North America, Europe and Israel. Thomas has more than 15 years of experience as a tech entrepreneur and senior executive in in the energy industry with a focus on investments, strategy, portfolio/risk management and large transactions. 

News

 

Nysnø Climate Investments and eSmart Systems: Collaborative partnership enables international scaling

At the beginning of the year 2019 eSmart Systems announced a capital raise of 18 MUSD. Nysnø Climate Investments joined the investment round with a strong belief that eSmart Systems has a key role in the future energy industry. We had the pleasure of talking with Siri Kalvig, CEO of Nysnø and Tina Skagen, COO of eSmart Systems, to learn more about their collaborative partnership, sustainability, and challenges and opportunities in the new energy paradigm.  
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eSmart Systems R&D initiatives: Autonomous power line inspections

eSmart Systems innovates continuously with research & development as innovation is a major part of the company's DNA.
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Collaborative AI meets immediate and long-term analytics objectives

BKW Energie is among the speakers at the virtual conference "AI & ML for the Smart Grid 2020", taking place on September 9th. The power production and distribution utility is one of eSmart Systems’ customers, and has its headquarters in Berne, Switzerland.
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Join AI+ a three-day webinar on applied AI

AI+ is a new international conference focusing on applied AI, with the purpose to offer Norwegian as well as international environments an arena for competence sharing and interaction within the field of artificial intelligence.
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