TrustEE – innovative market based Trust for Energy Efficiency investments in industry

Objective

Industry alone accounts for one-third of all the energy used globally and for almost 40% of worldwide CO2 emissions. Heat for Industrial Processes stands for 17% of the overall energy demand and for 69% of the industrial energy demand in the EU28 countries in 2013. Whereas available EE and RE technologies could supply a significant share of heat requirements in industry. Even when technological or non-technological barriers are removed, investment conditions still hold has a key barrier to a further market penetration and to a due exploitation of their market potential. Besides an insufficient awareness of technological solutions or lack of appropriate financial support measures, the main barriers to Process Heat Efficiency and Sustainability (PHES) investments are related to financing conditions:

• end-user as own resources PHES but investments are regarded as having long payback;
• end-user as limited own resources access to funding is difficult and limits investments.

Acknowledging these facts, the main objective of TrustEE is the definition and implementation of a market-based financing model for PHES applications, gathering financial resources among a wide base of investors and assuring the investment capital for SME industries. TrustEE embodies an innovative approach to PHES financing, gathering the market expertise of end-users and technology providers on identifying specific projects matching objective economic viability criteria and providing them a securitization vehicle in combination with a project assessment platform as a financing tool embodying technical support and securitization measures ensuring: optimized investment conditions; reduction of risk; bypass restrictive criteria for SMEs financing conditions.

Fields of science

• engineering and technology › environmental engineering › energy and fuels › renewable energy › solar energy › solar thermal

Programme(s)

• H2020-EU.3.3. - SOCIETAL CHALLENGES - Secure, clean and efficient energy
• H2020-EU.3.3.7. - Market uptake of energy innovation - building on Intelligent Energy Europe

Topic(s)

• EE-21-2015 - Development and market roll-out of innovative energy services and financial schemes for sustainable energy

Call for proposal

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

Funding Scheme

CSA - Coordination and support action

Coordinator

AEE - INSTITUT FUR NACHHALTIGE TECHNOLOGIEN

Address

Feldgasse 19
8200 Gleisdorf
Austria

Activity type

Research Organisations

EU contribution

€ 317 265

Participants (6)

FRAUNHOFER GESELLSCHAFT ZUR FOERDERUNG DER ANGEWANDTEN FORSCHUNG E.V.

Germany

EU contribution

€ 323 682,50

Address

Hansastrasse 27C
80686 Munchen

Activity type

Research Organisations

REENAG HOLDING GMBH

Austria

EU contribution

€ 248 387,50

Address

Hagenmullergasse 12/2
1030 Wien

Activity type

Private for-profit entities (excluding Higher or Secondary Education Establishments)

EUROPEAN COUNCIL FOR AN ENERGY EFFICIENT ECONOMY FORENING - ECEEE

Participation ended

Sweden

EU contribution

€ 16 956,25

Address

Sveav 98 Iv
11350 Stockholm

Activity type

Other

UNIVERSIDADE DE EVORA

Portugal

EU contribution

€ 164 368,75

Address

Largo Dos Colegiais 2
7000 803 Evora

Activity type

Higher or Secondary Education Establishments

AINIA

Spain

EU contribution

€ 160 588,75

Address

Calle Benjamin Franklin 5-11 Valencia Parc Tecnologic
46980 Paterna Valencia

Activity type

Research Organisations

BORG & CO AB

Sweden

EU contribution

€ 178 746,25

Address

Sveavagen 98 4Tr
113 50 Stockholm

Activity type

Private for-profit entities (excluding Higher or Secondary Education Establishments)