TrustEE – innovative market based Trust for Energy Efficiency investments in industry
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. Based on an Equity Trust model, 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 financing tool embodying technical support and securitization measures ensuring: optimized investment conditions; reduction of risk; bypass restrictive criteria for SMEs financing conditions.
Such overall objective is to be achieved by fulfilling the following specific objectives:
- to develop and implement an innovative market based third-party financing scheme for PHES investments, involving the market expertise of technology providers in gathering investment proposals and providing them financial resources gathered among a wide base of investors, assuring the availability of investment capital to economically viable projects
- to define and implement technical support tools supporting the technical and economic assessment of investment proposals (decision stage) and the operationalization of the energy services provided to the end-user (operation stage)
- to adopt risk mitigation strategies promoting a “low risk” perception of such investments, thus lowering IRR requirements to values in the range of a 5% – 8% premium over inflation
- to gather within the project lifetime a portfolio of investments producing estimated impacts of 56.41 GWh/year of Primary energy savings and 19.61 GWh/year of RE production
- at national level, EU wide, to provide evidence of the impact of different public incentive schemes promoting PHES investments, thus supporting public bodies in their definition and implementationto
- to promote the market penetration of EE and RE technologies in industry by providing financial access to loans for PHES investments for SMEs and technology providers