STANDARDISED CONTRACTS
A standardised, simplified contract, sets a clear and transparent framework for negotiations between firms, technology providers and eventually financial institutions. It defines how energy savings are measured, guaranteed and insured.
Energy Savings Insurance
With a risk coverage product, firms are insured against the provider failing to fulfil its contractual obligations regarding the energy savings. The insurance creates trust in energy efficiency and also reduces the credit risk of the firm, especially for SMEs.
Validation
An independent technical validation process is put in place to overcome the perceived high performance risk of energy efficiency projects. A credible validation entity evaluates the capacity of the project to deliver the promised energy savings, verifies the installation, and acts as an arbitrator if required.
Financing
Existing financial instruments, such as green loans, are identified and can be linked to energy efficiency projects using the ESI model. This can result in competitive credit conditions, suitable tenors and support to access collateral, which can help SMEs in particular, to access financing for energy efficient technology solutions.
STANDARDISED CONTRACTS
A standardised, simplified contract, sets a clear and transparent framework for negotiations between firms, technology providers and eventually financial institutions. It defines how energy savings are measured, guaranteed and insured.
Energy Savings Insurance
With a risk coverage product, firms are insured against the provider failing to fulfil its contractual obligations regarding the energy savings. The insurance creates trust in energy efficiency and also reduces the credit risk of the firm, especially for SMEs.
Validation
An independent technical validation process is put in place to overcome the perceived high performance risk of energy efficiency projects. A credible validation entity evaluates the capacity of the project to deliver the promised energy savings, verifies the installation, and acts as an arbitrator if required.
Financing
Existing financial instruments, such as green loans, are identified and can be linked to energy efficiency projects using the ESI model. This can result in competitive credit conditions, suitable tenors and support to access collateral, which can help SMEs in particular, to access financing for energy efficient technology solutions.
A step-by-step guide
An energy efficiency upgrade making use of the ESI model is easy – just follow these steps:
Preparation phase
An energy efficient technology provider offers a project, with the promised energy savings guaranteed.
The ESI elements are contained in the simple, standardised contract.
Contract activation
An independent technical entity validates the project proposal and promised energy savings.
The insurance provider issues the insurance for the validated savings.
Investments in energy efficiency project with guaranteed savings can support access to a green loan, if it is required.
Implementation phase
The technology provider installs the new energy efficient equipment and the validation entity verifies and validates that the installation is in accordance with the contract.
Operation phase
The operation of the new equipment results in reduced electricity costs, improved, performance and higher productivity and sustainability.
Maintenance services by the technology provider ensure that the equipment is operating optimally.
Savings monitoring
The energy savings are measured and reported by the technology provider via a simple online system, where they are checked and can be approved.
In the case that there are disagreements on the savings achieved, the validation entity steps in, and acts as an arbiter.
Insurance coverage
If the savings are not achieved, and technology provider is not able to respond, the insurance steps in to cover the promised savings.
By investing in new energy efficient equipment using the ESI model, the savings are ensured and insured!
For our explanatory videos available in Italian, Portuguese and Spanish, please check our GoSafe with ESI page!
