EFFORCE : Energy Efficiency . Reinvented
AI
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The goal is to make it possible for any contributor , not just those with access to large amounts of capital , to participate in important projects . Contributors will also be able to fund projects across borders without being limited by regulations on domestic or local opportunities . Efforce will handle the first 20 projects itself in the first quarter of this year , including a 9MW industrial electricity , heating and cooling plant in Italy .
The proposed model is the same as that of Energy Service Companies which , through Energy Performance Contracts , manage to obtain positive economic returns against an initial investment in energy efficiency projects .
This contractual form makes it possible to channel financial investments into projects for the redevelopment and performance improvement of an energy system , be it an industrial plant or a building , owned by a third party ( Beneficiary ).
The EFFORCE team will validate the request and develop , together with the company , the energy efficiency improvement project , evaluating the necessary investment , annual internal rate of return ( IRR ) and concluding
EFFORCE : Energy Efficiency . Reinvented
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FEBRUARY 2021