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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.

Call for proposal

H2020-EE-2014-2015

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Sub call

H2020-EE-2015-3-MarketUptake

Coordinator

AEE - INSTITUT FUR NACHHALTIGE TECHNOLOGIEN
Net EU contribution
€ 317 265,00
Address
Feldgasse 19
8200 Gleisdorf
Austria

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Region
Südösterreich Steiermark Oststeiermark
Activity type
Research Organisations
Non-EU contribution
€ 0,00

Participants (7)

FRAUNHOFER GESELLSCHAFT ZUR FORDERUNG DER ANGEWANDTEN FORSCHUNG EV
Germany
Net EU contribution
€ 323 682,50
Address
Hansastrasse 27c
80686 Munchen

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Region
Bayern Oberbayern München, Kreisfreie Stadt
Activity type
Research Organisations
Non-EU contribution
€ 0,00
REENAG HOLDING GMBH
Austria
Net EU contribution
€ 248 387,50
Address
Hagenmullergasse 12/2
1030 Wien

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Wien Wien
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Non-EU contribution
€ 0,00
EUROPEAN COUNCIL FOR AN ENERGY EFFICIENT ECONOMY FORENING - ECEEE

Participation ended

Sweden
Net EU contribution
€ 16 956,25
Address
Sveav 98 Iv
11350 Stockholm

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Region
Östra Sverige Stockholm Stockholms län
Activity type
Other
Non-EU contribution
€ 0,00
UNIVERSIDADE DE EVORA
Portugal
Net EU contribution
€ 164 368,75
Address
Largo Dos Colegiais 2
7000 803 Evora

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Region
Continente Alentejo Alentejo Central
Activity type
Higher or Secondary Education Establishments
Non-EU contribution
€ 0,00
AINIA
Spain
Net EU contribution
€ 160 588,75
Address
Calle Benjamin Franklin 5-11 Valencia Parc Tecnologic
46980 Paterna Valencia

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Este Comunitat Valenciana Valencia/València
Activity type
Research Organisations
Non-EU contribution
€ 0,00
BORG & CO AB
Sweden
Net EU contribution
€ 137 896,25
Address
Sveavagen 98 4tr
113 50 Stockholm

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Östra Sverige Stockholm Stockholms län
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Non-EU contribution
€ 0,00
Third-party

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.

EUROPEAN COUNCIL FOR AN ENERGY EFFICIENT ECONOMY FORENING - ECEEE
Sweden
Net EU contribution
€ 40 850,00
Address
Sveav 98 Iv
11350 Stockholm

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Region
Östra Sverige Stockholm Stockholms län
Activity type
Other
Non-EU contribution
€ 0,00