Qarnot Computing and ENGIE Energy transforms data into a free heat source for social housing

ENGIE Rassembleurs d’Energies,the ENGIE Group’s impact investment fund, has completed the acquisition of a minority stake in a fundraiser organized by the French company Qarnot computing.

Founded in 2010, Qarnot computing is a French company pioneering in the field of distributed cloud and intelligent building, which developed the first computer radiator,

This entity is the first company to develop a computer radiator using microprocessors as a source of heat. In short : it transforms the heat produced (and lost) of computer servers to heat water, or buildings, ecologically.

The solutions developped by Qarnot are innovative and sustainable allowing to deploy a computational High Performance Computing (HPC) offer to customers and recover the heat generated by HPC calculations decentralized in radiators and digital boilers, heating social housing and buildings free of charge.

Qarnot computing’s activity reduces the CO2 footprint of HPC computing activities by nearly 80% compared to a conventional, highly energy-intensive data center.

By 2023, radiators installed by Qarnot’s are expected to enable 11,000 households living in social housing to heat up for free.

A fundraiser of 6 million euros was announced by the group yesterday; this new operation was carried out alongside with the Caisse des Depots et Consignations – the Bank of Territories, ENGIE Energy Rassembleurs d’Energie ENGIE Group Impact Investment Fund – Casino Participations France and the A/O Proptech Fund.

For ENGIE, this investment is one step closer to reducing carbon emissions and its involvement in zero-carbon transition and positive social impact.

“Through this investment, ENGIE Energy Rassembleurss d’Energie demonstrates its involvement in the zero-carbon transition to social housing. We will support Qarnot computing in the development of innovative solutions with high environmental and social impact, such as the latest product of the company, the digital boiler that allows to provide free sanitary hot water with computer calculations. »

Anne Chassagnette, Managing Director of Energy Gatherers and Head of CSR at ENGIE

« Our aim with ENGIE has the same objectives: the search for strong social and environmental impact, the control of consumption and the decarbonisation of energies… The challenge of this raising is to accelerate the commercial development of Qarnot. For this reason, the support of ENGIE Rassembleur d’Energy is extremely valuable to us, it foreshadows ambitious joint projects, especially on the heat networks
. »

Paul Benoit, President of Qarnot computing

Post Author: Wealth Monaco

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