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Standardisation and Communication of Sustainable Energy Asset Evaluation Framework

Objective

The main barriers to finance of Sustainable Energy Assets (SEA) projects – namely energy efficiency, demand response, distributed renewable energy generation and electricity storage – are: 1) project valuation difficulties; 2) difficulties in project optimisation; 3) a communication gap between contractors and investors leading to a lack of trust.
Today, protocols and tools exist for project valuation, but they are used separately, in different ways by different investors or contractors. Therefore, SEA projects are valuated on a one-off basis, without any standardisation. The SEAF project will significantly lower the entry barriers to finance for small to medium projects, through combining existing tools and protocols, namely Joule Assets’ market valuation tool, the risk assessment methodology from insurance company HSB and the Investor Confidence Project’s energy performance protocols.
These three service tools will be integrated into an all-in-one, easy to use, single source valuation and risk assessment framework, which aims to: 1) Facilitate and support an intensive stakeholder engagement process; 2) Provide independent valuation and optimisation for SEA projects according to up-to-date energy market data; 3) Standardise energy efficiency valuation criteria for easy comparability with other similar projects; 4) Enable initial risk assessment at much lower cost and with less administrative effort; 5) Facilitate the matchmaking between investors and contractors; 6) Lay the foundation for robust exploitation.
In addition to its demonstration with a large network of investors and contractors, SEAF seeks to enable investments of €10-15m and primary energy savings of 18-45 GWh/a over the course of its duration. Through its unique combination of services, SEAF will specifically target small projects, which would otherwise not get financed and it will have a disproportionately large impact on job creation, as reduced energy costs have a much stronger effect on SMEs.

Field of science

  • /social sciences/economics and business/business and management/commerce
  • /engineering and technology/environmental engineering/energy and fuels/renewable energy
  • /social sciences/sociology/governance/public services
  • /engineering and technology/environmental engineering/waste management/energy efficiency

Call for proposal

H2020-EE-2015-3-MarketUptake
See other projects for this call

Funding Scheme

CSA - Coordination and support action

Coordinator

JOULE ASSETS EUROPE AB OY
Address
Skata Mjodtrask V 13
64510 Nampnas
Finland
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
EU contribution
€ 724 375

Participants (4)

ARISTOTELIO PANEPISTIMIO THESSALONIKIS
Greece
EU contribution
€ 339 375
Address
Kedea Building, Tritis Septemvriou, Aristotle Univ Campus
54636 Thessaloniki
Activity type
Higher or Secondary Education Establishments
THE UNIVERSITY OF MANCHESTER
United Kingdom
EU contribution
€ 246 313,75
Address
Oxford Road
M13 9PL Manchester
Activity type
Higher or Secondary Education Establishments
HSB ENGINEERING INSURANCE LIMITED
United Kingdom
EU contribution
€ 289 302,50
Address
New London House 6 London Street
EC3R 7LP London
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
SEA - SERVIZI ENERGIA AMBIENTE SRL
Italy
EU contribution
€ 107 000
Address
Via Di Civita 2
67100 L Aquila
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)