News 09.10.2024
Press release: PAUL Net Zero makes existing properties CO₂-neutral without capital investment
Klaus Schmidtke
From left: Sascha Müller (CEO PAUL Tech) and Martin Hofmann (CEO ZAR Real Estate) at EXPO REAL 2024.
Munich, October 8, 2024 - PAUL Tech AG presented its new product PAUL Net Zero at EXPO REAL. The technology developed by the Mannheim-based greentech company makes existing properties CO₂-neutral and, unlike the usual approaches to CO₂ minimization, does not require any capital investment.
PAUL already ensures energy savings of up to 40 percent (PAUL Performance) for existing properties with AI-supported heating control. PAUL Net Zero is now implementing sector coupling with heat pumps and photovoltaic systems. The buildings become CO₂-neutral and thus significantly increase their value in view of the growing climate policy requirements. The residential real estate group Net Zero Properties S.A. has already earmarked PAUL Net Zero for 11,000 residential units. PAUL expects the joint venture between PAUL Tech AG and Net Zero Properties S.A. to receive orders for a total of around 40,000 residential units within the next 24 months.
PAUL Net Zero creates a clear win-win situation for building owners and tenants. Property managers can make the leap into a climate-neutral future with their properties without having to invest their own capital. Tenants benefit in terms of ancillary energy costs and are future-proofed in the ongoing decarbonization of the real estate sector. We are also contributing to a smart heating transition. Climate neutrality with PAUL Net Zero works without high infrastructure costs, as is the case with the expansion of district heating or the development of hydrogen gas networks. The more decentralized solutions like ours come into play, the more sustainably the heating transition will be relieved on the cost side.
Sascha Müller, CEO PAUL Tech AG
A central concern of Net Zero Properties is to increase energy efficiency, with the aim of achieving carbon neutrality for the properties within the first two to three years. The company is thus making an active contribution to the implementation of ESG targets. In order to achieve this goal, we have examined various options for our existing residential properties. However, all of the options available on the market were too capital-intensive or too time-consuming to implement. With PAUL, we have gained a joint venture partner whose concept of reducing consumption, using heat pumps and solar technology, and all without capital investment, convinced us.
Martin Hofmann, CEO of ZAR Real Estate Holding GmbH & Co. KG, which has been mandated by Net Zero Properties S.A. as exclusive investment advisor
PAUL Net Zero is based on the AI-supported energy saving of PAUL Performance and makes practically every property energy self-sufficient with the help of heat pumps and photovoltaic systems. The coordinated use of high-performance heat pumps and photovoltaic systems controls the property's entire heating system and makes it permanently CO₂-neutral. There are no investment costs for the customer and PAUL takes care of the planning, subsequent maintenance and optimization. The customer is guaranteed a price per kilowatt hour for ten years that is one cent below the price offered by the local district heating provider.
PAUL Tech AG is a technology leader and specialist in the digital transformation of the real estate industry. As an energy platform, the company develops innovative technologies and solutions to minimize CO₂ emissions from properties while maximizing their value. PAUL uses artificial intelligence to make existing buildings climate-friendly with minimal investment and no loss of comfort for residents. Investors and operators rely on PAUL to make their properties fit for the future and competitive. PAUL currently supports over 160 companies in the real estate industry with around 160,000 residential units.
Press contact
Klaus Schmidtke
Head of Corporate Affairs / Press spokesperson
Phone +49 151 46680605
E-Mail: klaus.schmidtke@paul.tech