ABB is entering into a strategic partnership with Tallarna Ltd, a UK-based climate tech start-up, to grow its portfolio of user-friendly energy management technologies. Using AI-powered data analytics, Tallarna has created an approach to decarbonization projects for large property portfolios and energy infrastructure. On a single platform, customers are shown the viability of energy optimization solutions alongside the availability of performance insurance and third-party finance.
The partnership involves a minority investment in Tallarna through ABB’s venture capital unit, ABB Technology Ventures (ATV). Financial details of the investment were not disclosed.
Tallarna’s data analytics identify decarbonization projects and scope their savings and risk. The company’s software is integrated with the related underwriting processes of AmTrust Financial, a global specialty insurer, rated A- by AM Best. Guaranteed energy savings are used to deliver long-term, efficient finance through Tallarna’s platform and repay project costs.