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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-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)