Record #205592 - GSI Repository

NOVICE

New Buildings Energy Renovation Business Models incorporating dual energy services

Coordinator	KiWi Power ; Solintel (Spain) ; APLEONA HSG GMBH ; NOEL LAWLER GREEN ENERGY SOLUTIONS LIMITED ; JOULE ASSETS EUROPE AB OY ; E7 ENERGIE MARKT ANALYSE ; Fundación Tecnalia Research & Innovation ; HYPERTECH (CHAIPERTEK) ANONYMOS VIOMICHANIKI EMPORIKI ETAIREIA PLIROFORIKIS KAI NEON TECHNOLOGION ; UNIVERSITY COLLEGE CORK - NATIONAL UNIVERSITY OF IRELAND, CORK
Grant period	2017-06-01 - 2020-05-31
Funding body	European Union
Call number	H2020-EE-2016-CSA
Grant number	745594
Identifier	G:(EU-Grant)745594

Note: 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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Record created 2017-07-24, last modified 2023-02-08

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