The ESI Europe project funded by H2020 is implementing the ESI model in Italy, Portugal and Spain targeting small and medium-sized enterprises (SMEs) to motivate them to upgrade old inefficient technologies to new energy efficient technologies. The ESI model comprises financial and non-financial elements designed to work together to build trust and credibility among key actors, and to reduce the risk for SMEs to invest in energy efficiency. The four main components of the ESI model are: a standardised contract with guaranteed energy savings clauses; an energy savings insurance (ESI) product offered by local companies; a validation process conducted by an independent technical validation entity; and a financing structure established by linking existing financial instruments (i.e. green credit lines) that are available on the local market, to enable energy efficiency projects to be realised. The ESI model was successfully implemented in Latin America and is ready for in the initial EE projects in the three countries in Europe.
More on the ESI Europe website.