Project description
A boost to energy efficiency and smartness solutions for residential buildings
The EU is committed to curbing increasing energy demand and controlling CO2 emissions. Energy service companies (ESCOs) can play a key role by promoting energy efficiency, renewable energy sources and smartness in buildings. Despite the large economic energy saving potential, very few ESCOs operate in the residential market that requires further development to overcome current limitations. The EU-funded frESCO project will deploy innovative business models by engaging with ESCOs and aggregators. The goal is to integrate energy service bundles that properly combine and remunerate local flexibility for optimising local energy performance, both in the form of energy efficiency and in demand-side management. The project’s new business models will be tested in Spain, France, Croatia and Greece.
Objective
Despite the large economic energy saving potential in the EU, the energy service companies (ESCOs) market for residential buildings is much less developed than in other demand sectors (e.g. the industry or public/service sectors). Besides sector cross-cutting barriers (e.g. low energy prices, lack of information and awareness, lack of appropriate forms of finance) there are specific barriers which make a large-scale application of the ESCO model for residential buildings particularly difficult (e.g. lack scale or lack the necessary energy intensity to justify investment within the structure of present-day EPC model). In this context, frESCO aims to engage with ESCOs and aggregators and enable the deployment of innovative business models on the basis of novel integrated energy service bundles that properly combine and remunerate local flexibility for optimizing local energy performance both in the form of energy efficiency and demand side management. Such new service and business models will bring under common Pay for Performance Contracts (extended form of current EPCs) two currently differentiated service offerings to enable the realization of next-generation smart energy service packages. The strong presence of the industry in the
consortium (2 ESCOs, 2 aggregators, 3 ICT and technology providers and 2 engineering companies) and the end-users (1 Cooperative and 1 Hotel), supported by 3 knowledgable RTOs, will ensure the market uptake of frESCOs new business models. frESCO's new business models will be demonstrated in 4 different pilots (Spain, France, Croatian and Greece) with complementary characteristics in terms of building typology (single-/multi-family), climate, regulation, energy consumption, energy assets, consumer groups, etc., thus facilitating the replicability of frESCO's solutions across Europe. Overall, frESCO aims to directly achieve a primary savings of 464 MWh/yr and a reduction
of 108 tCO2/yr and trigger 28.3M€ investment during the replication
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
- social sciences sociology governance public services
- engineering and technology environmental engineering energy and fuels renewable energy
- social sciences economics and business business and management business models
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.3.3. - SOCIETAL CHALLENGES - Secure, clean and efficient energy
MAIN PROGRAMME
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H2020-EU.3.3.1. - Reducing energy consumption and carbon foorpint by smart and sustainable use
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
IA - Innovation action
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-LC-SC3-2018-2019-2020
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
50018 Zaragoza
Spain
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.