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New Buildings Energy Renovation Business Models incorporating dual energy services

New Buildings Energy Renovation Business Models incorporating dual energy services

Objective

NOVICE will develop and demonstrate a new business model in building renovation to better monetize energy efficiency by consolidating services and subsequent revenue streams from both energy savings and demand response. In order to do so NOVICE introduces new actors (aggregators) in building energy upgrade projects and fosters their collaboration with ESCOs, financing institutions, facilities management companies, engineering consultants to facilitate the roll out of the dual (grid services and energy efficiency) energy services model. The main business bond to be forged between ESCOs and Aggregators through NOVICE will allow their seamless collaboration in exploiting economies of scope and scale along with risk sharing on implementing building energy renovations. That business relationship will take the form of a MoU and will result in the composition of a new enhanced EPC template that can deliver the successful deployment of the dual energy services scheme in building renovation. The enhanced EPC template and the overall dual energy services scheme will be scrutinized by a financing institution to assess its bankability and identify the appropriate financing mechanisms for initiating and rolling out investments under that scheme. NOVICE throughout its duration targets to trigger the initiation of more than 20.8 m EUR of investments in building renovation based on the dual energy services model that will result in primary energy savings of more than 25.2 GWh/year. To achieve that target NOVICE brings together a highly experienced consortium that consists of stakeholders from the entire value chain (research institutions, technology vendors, engineering consultants and facilitators, Aggregators, ESCOs, Financing institutions, Facilities Management companies) of building renovation. Strong participation of SMEs (6 out 9 partners) demonstrate the commercial exploitation potential of the NOVICE outputs and supports the successful rollout of the NOVICE business model.
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Coordinator

UNIVERSITY COLLEGE CORK - NATIONAL UNIVERSITY OF IRELAND, CORK

Address

Western Road
T12 Yn60 Cork

Ireland

Activity type

Higher or Secondary Education Establishments

EU Contribution

€ 350 581,25

Participants (8)

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FUNDACION TECNALIA RESEARCH & INNOVATION

Spain

EU Contribution

€ 151 500

KIWI POWER LTD

United Kingdom

EU Contribution

€ 233 750

HYPERTECH (CHAIPERTEK) ANONYMOS VIOMICHANIKI EMPORIKI ETAIREIA PLIROFORIKIS KAI NEON TECHNOLOGION

Greece

EU Contribution

€ 196 250

SOLINTEL M&P SL

Spain

EU Contribution

€ 317 500

E7 ENERGIE MARKT ANALYSE

Austria

EU Contribution

€ 226 062,50

JOULE ASSETS EUROPE AB OY

Finland

EU Contribution

€ 278 062,50

NOEL LAWLER GREEN ENERGY SOLUTIONS LIMITED

Ireland

EU Contribution

€ 200 000

APLEONA HSG GMBH

Germany

EU Contribution

€ 87 500

Project information

Grant agreement ID: 745594

Status

Ongoing project

  • Start date

    1 June 2017

  • End date

    31 May 2020

Funded under:

H2020-EU.3.3.7.

H2020-EU.3.3.1.

  • Overall budget:

    € 2 041 206,25

  • EU contribution

    € 2 041 206,25

Coordinated by:

UNIVERSITY COLLEGE CORK - NATIONAL UNIVERSITY OF IRELAND, CORK

Ireland