Description

Energy efficiency (EE) is fundamental for the cost-effective transition towards a decarbonised and reliable energy system. The European Commission has adopted energy efficiency as a pillar of the Energy Union with the “Efficiency First” (E1st) as a guiding principle underlining it, in which E1st should play a central role in all national plans and reports to the Energy Union. Specific to EE in buildings this is reflected by the current insufficient trends observed in the renovation rates of buildings, which reveal the urgent need for action since this is the largest consumer of energy in Europe. To address this appropriate implementation of EE measures which are adopted by the majority of final energy users is a must. However, a combination of public and private funding through innovative financing instruments is required to overcome current barriers that prevent mobilization of necessary investments. Although the European Union is taking tangible steps to leverage private funding in EE investments as can be observed from recent initiatives for the standardization and benchmarking of sustainable EE investments and smart energy services. A definite lack of capital flowing to the renovation of the current building stock is still present and is supported by the total value brought by interventions that remain untapped due to lack of funding. For this reason, ENERGATE aims to facilitate the creation of an effective, ICT-enabled, energy efficiency marketplace bringing together energy services and sustainable finance to accelerate the renovation rate of buildings by increasing the chances for projects to be financed. ENERGATE envisions to transform the complex set of decision-making actions for targeted groups, even to non-experts, into a user-friendly and single-entry service.

ENERGATE aims to integrate into a single, robust, ICT- enabled solution different stages of the building EE project cycle by enabling and implementing:

• A large (standardized) project development facility for EE project sponsors and project owners or private or public entities
• An aggregation, due diligence, and cash flow enhancement process, where projects and measures shall be packaged and enhanced appropriately, to be offered to financiers.
• A securitisation process that will enable the financial aggregation and conditioning to appropriate finance categories depending on predefined types of finance (e.g. private vs public).
• Appropriate feedback loops that will measure the impact of the ENERGATE platform, i.e. by means of suitable M&V processes.
• Providing added value services to all of its users, by enabling business matchmaking, quality assessments and rankings and generally facilitate data and information exchange.

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Disclaimer
 
Co-funded by the European Union under project ID 101076349. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or CINEA. Neither the European Union nor the granting authority can be held responsible for them.