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
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Funding Scheme
IA - Innovation actionCoordinator
50018 Zaragoza
Spain
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Participants (18)
3013 Limassol
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
4040 Linz
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47151 Boecillo
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11632 Athina
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
1080 Bruxelles / Brussel
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
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10000 Zagreb
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Participation ended
51500 Krk
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Legal entity other than a subcontractor which is affiliated or legally linked to a participant. The entity carries out work under the conditions laid down in the Grant Agreement, supplies goods or provides services for the action, but did not sign the Grant Agreement. A third party abides by the rules applicable to its related participant under the Grant Agreement with regard to eligibility of costs and control of expenditure.
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51500 Krk
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
08029 Barcelona
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Legal entity other than a subcontractor which is affiliated or legally linked to a participant. The entity carries out work under the conditions laid down in the Grant Agreement, supplies goods or provides services for the action, but did not sign the Grant Agreement. A third party abides by the rules applicable to its related participant under the Grant Agreement with regard to eligibility of costs and control of expenditure.
08014 Barcelona
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28029 Madrid
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
75008 Paris
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
Participation ended
145 61 KIFISSIA ATHINA
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64004 Thasos
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16129 Genova
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10000 Zagreb
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51500 Krk
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
151 24 MAROUSSI ATHINA
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