Periodic Reporting for period 1 - EDE (The Sustainable Renovation Hub for Existing Buildings)
Reporting period: 2019-03-01 to 2019-05-31
• What is the problem/issue being addressed?
The 40% of energy consumption and the 36% of CO2 emissions in the EU are produced by buildings. Besides, the 35% of the buildings in the EU are more than 50 years old, and almost 75% of the building stock (15,000,000 buildings only in France) are energy inefficient (Certification levels between E and G). This could be sorted by refurbishing the buildings but only between a 0.4 and a 1.2% of the building stock is renovated each year) due to insufficient streaming of these programs and public unawareness.
• Why is it important for society?
There are several reasons that makes Easy Renovation Hub to be launched now:
- The European Union must reduce the greenhouse gases to comply with the milestones established by 2020 (Horizon 2020) and by 2050 (IPCC).
- Increase the energy efficiency. At least a 27% share of renewable energy consumption by 2030.
- It will improve the European Energy efficiency industry. Support the completion of the internal energy market by achieving the existing electricity interconnection target of 10% by 2020, with a view to reaching 15% by 2030 - The EU Grants 2.4 million € to PACE Nation Member Global New Energy Finance and its partners to Bring innovative US home energy efficiency retrofit financing tool to Europe.
- The householders will save energy by refurbishing their houses thanks to funds and public loans.
• What are the overall objectives?
In Europe, existing households that are eligible for renovation are around 221.3 million in 2017. Worldwide, the existing buildings are 1.7 billion (2017). We expect by 2025 to cope the 25% of the building renovation market, estimating potentially 100,000 houses by 2023 (20-25% of the total in Italy, Spain and Germany that are our target countries).
The 40% of energy consumption and the 36% of CO2 emissions in the EU are produced by buildings. Besides, the 35% of the buildings in the EU are more than 50 years old, and almost 75% of the building stock (15,000,000 buildings only in France) are energy inefficient (Certification levels between E and G). This could be sorted by refurbishing the buildings but only between a 0.4 and a 1.2% of the building stock is renovated each year) due to insufficient streaming of these programs and public unawareness.
• Why is it important for society?
There are several reasons that makes Easy Renovation Hub to be launched now:
- The European Union must reduce the greenhouse gases to comply with the milestones established by 2020 (Horizon 2020) and by 2050 (IPCC).
- Increase the energy efficiency. At least a 27% share of renewable energy consumption by 2030.
- It will improve the European Energy efficiency industry. Support the completion of the internal energy market by achieving the existing electricity interconnection target of 10% by 2020, with a view to reaching 15% by 2030 - The EU Grants 2.4 million € to PACE Nation Member Global New Energy Finance and its partners to Bring innovative US home energy efficiency retrofit financing tool to Europe.
- The householders will save energy by refurbishing their houses thanks to funds and public loans.
• What are the overall objectives?
In Europe, existing households that are eligible for renovation are around 221.3 million in 2017. Worldwide, the existing buildings are 1.7 billion (2017). We expect by 2025 to cope the 25% of the building renovation market, estimating potentially 100,000 houses by 2023 (20-25% of the total in Italy, Spain and Germany that are our target countries).
EDE is a company with a very strong background in the energy performance optimisation and house refurbishment. We became aware of the need of simplifying the renovation services thanks to our work with two clients: Castorama and BNP. For Castorama (home improvement services company), we created an application to help their experts to advice private consumers about renovation works. Then, we identified the possibility to generalize the service to the final consumer and we created a new interface for the BNP customers. Since then, we have created an API to be able to easily personalize the interface to other clients. So far, we have done this with SNCF, Enedis, LBP and Mr. Bricolage.
Our market study made us realize gap in the market for a comprehensive and intelligent system helping people to improve their energy efficiency in a user friendly and attractive way. We have built on our growing IT and engineering expertise to build all our platforms. The Hub we are developing now will further elaborate these efforts with advancement of the Artificial Intelligence, Engineering, Environmental Science, Marketing and Data Analysis and Research specialties. A Beta version of a platform related to Easy Renovation Hub is already being commercialised in France (TRL-6): OPTIMISER. The steps of the platform are shown in the The Novelty of our Technology section. We have recently evaluated the beta version of the hub and gathered extensive customer experience feedback in preparation for the launch of the final product. The results are promising, and we observe a definite interest of people in using our technology to perform their home renovations. 45% of the beta users showed interest in engaging in the renovation works. Of those 1% had already accomplished the works, 76% waiting for a budget proposition or waiting to start the works and 23% have withdrawn from the project. We have identified that this in many cases was due to insufficient relation and lack of trust with the crafts man. This helped us improve the service by fine tuning the search engine and the rating system. Completing the beta version survey will finalise the 6th of 9 steps required to reach the market with the fully working product.
Our market study made us realize gap in the market for a comprehensive and intelligent system helping people to improve their energy efficiency in a user friendly and attractive way. We have built on our growing IT and engineering expertise to build all our platforms. The Hub we are developing now will further elaborate these efforts with advancement of the Artificial Intelligence, Engineering, Environmental Science, Marketing and Data Analysis and Research specialties. A Beta version of a platform related to Easy Renovation Hub is already being commercialised in France (TRL-6): OPTIMISER. The steps of the platform are shown in the The Novelty of our Technology section. We have recently evaluated the beta version of the hub and gathered extensive customer experience feedback in preparation for the launch of the final product. The results are promising, and we observe a definite interest of people in using our technology to perform their home renovations. 45% of the beta users showed interest in engaging in the renovation works. Of those 1% had already accomplished the works, 76% waiting for a budget proposition or waiting to start the works and 23% have withdrawn from the project. We have identified that this in many cases was due to insufficient relation and lack of trust with the crafts man. This helped us improve the service by fine tuning the search engine and the rating system. Completing the beta version survey will finalise the 6th of 9 steps required to reach the market with the fully working product.
The market study in our initial target markets shows the growing popularity of the home renovations: 2019: 600,000; 2020: 900,000; 2021: 1,000,000; 2022: 1,050,000; 2023: 1,220,000. The expected evolution for our Easy Renovation Hub is 2019: 169 renovations; 2020: 3,708 renovations; 2021: 12,155 renovations; 2022: 22,980 renovations; 2023: 54,313 renovations.
Regarding the scalability, the objective of EDE is to scale from the 0.5% in 2019 up to the 25% of the market by 2023 (169 renovations in 2019 to 54,313 renovations in 2023).
Some impacts of the project are a reduction of 5-6% in energy consumption, a reduction of household energy bills up to 10% (increasing eventually citizen purchase power), increase energy efficient of European housing thanks to the renovation of 100 000 houses after the 3th year of deployment and contribute to raise awareness about the correct use of energy within citizens.
Websites:
http://www.economiedenergie.fr/(opens in new window)
https://on5company.fr/(opens in new window)
Regarding the scalability, the objective of EDE is to scale from the 0.5% in 2019 up to the 25% of the market by 2023 (169 renovations in 2019 to 54,313 renovations in 2023).
Some impacts of the project are a reduction of 5-6% in energy consumption, a reduction of household energy bills up to 10% (increasing eventually citizen purchase power), increase energy efficient of European housing thanks to the renovation of 100 000 houses after the 3th year of deployment and contribute to raise awareness about the correct use of energy within citizens.
Websites:
http://www.economiedenergie.fr/(opens in new window)
https://on5company.fr/(opens in new window)