The main goal of the Novice project is the development and demonstration of an innovative business model for Energy Service Companies (ESCOs) that will:
- Provide energy savings to buildings
- Provide demand response (DR) services to the grid after renovating buildings or blocks of buildings.
A dual revenue stream shall thus be enabled that can reduce payback period for investments in buildings renovations and accelerate the much-needed market uptake of the Energy Performance Contracting (EPC) based financing model.
Adopting that model, ESCOs and Aggregators could jointly and in a coordinated manner tackle the energy efficiency, demand response and onsite generation market.
This deeper-dive tech-talk session invites collaboration and discussion around the projects aims and provides an update on the project work to date in order to:
- Engage and train new actors and stakeholders (aggregators, ESCOs, technology providers, FMs, engineering consultants)
- Address regulatory, market, technological and financial barriers for dual energy services in building renovation
- Prescribe the building energy renovation technologies that increase demand response flexibility and energy efficiency
- Develop an innovative business model and a new Energy Performance Contracting template providing dual energy services.
Your speakers for the session:
Caroline Mine, Communications Director at Joule Assets Europe, and Jo Southernwood, Senior Research Engineer at the International Energy Research Centre (IERC) are two of the Partners on the Novice project and will help run this collaborative session.