New collaboration to save millions on energy and water in properties
Press release shared on behalf of our master licensee, IQ Energy Denmark.
PensionDanmark will now have greater insight into the energy and water consumption of its commercial properties. This is part of a strategic collaboration with the technology and energy company IQ Energy. The main goal of the collaboration is to reduce consumption significantly, while simultaneously providing PensionDanmark with better data to report on its ESG goals.
Over 2026, IQ Energy will install the Eniscope energy management system across PensionDanmark’s commercial properties in Denmark. This makes it possible to track very detailed energy consumption patterns for ventilation, cooling systems and lighting, among other things. With the comprehensive monitoring and analysis of energy consumption, energy savings of up to DKK 6 million are expected across the entire business portfolio, which consists of 71 properties.
“PensionDanmark has a clear ambition to not only report on energy consumption and CO2 emissions, but to actually act and make a difference. The collaboration with IQ Energy gives us a flexible system and infrastructure that utilises data and translates it into concrete actions. Lower energy consumption results in both a lower climate footprint, but also lower operating costs. This increases the value of our portfolio and thus creates value for our members’ pension savings,” says Torben Modvig, Property Director at PensionDanmark.
In 2025, IQ Energy has already installed and operated the Eniscope system in 8 of PensionDanmark’s properties. This has saved almost 500,000 KWh of electricity and 3,500 m3 of water – which corresponds to the annual consumption of 100 households.
“We are pleased with the collaboration on PensionDanmark’s properties, which gives us the opportunity to translate data into concrete operations. With detailed data, our analysis tools and many years of experience, we can quickly identify patterns in consumption and optimise operations. The result is savings without negative consequences for comfort and indoor climate – but which is clearly seen in energy and water consumption,” says Rene Nygaard Jensen, CEO, IQ Energy
Strategic Data
PensionDanmark can also use this data strategically in the future. The detailed energy data can serve as a benchmark and provide a more accurate basis for both investments and long-term operations.
“The data gives us a completely new basis for decision-making in maintenance plans, or when we need to assess new properties for the portfolio and plan new construction. Here we can compare the buildings’ energy consumption and use the insights actively when we buy or develop new properties,” says Torben Modvig.
“The real value arises when data is coupled with PensionDanmark’s in-depth knowledge of the individual buildings. Therefore, we are already working on adapting our benchmark models so that PensionDanmark can use data even more tactically and strategically,” says Rene Nygaard Jensen, CEO, IQ Energy.
About PensionDanmark
PensionDanmark Ejendomme invests its members’ pension funds in properties that create value for both users and residents. Their portfolio ranges widely from housing, to PPP projects and commercial properties with a focus on quality, responsibility and the development of good urban environments. Their investments contribute to creating stable, long-term returns for PensionDanmark’s more than 800,000 members.
IQ Energy Nordic
IQ Energy Nordic is a leading technology partner in energy monitoring, data-driven energy management and consumption optimisation in the retail, industrial and real estate sectors. Through advanced digital solutions and data integrations, IQ Energy helps organisations create transparency, improved operational efficiency, reduced energy consumption, and support for climate reporting. With deep technical expertise and an open approach to the integration of sensors, systems and platforms, IQ Energy Nordic delivers solutions that realise measurable energy savings and increased decision-making power – from standalone installations to nationwide portfolios. Q
