The Efficient Equipment as a Service (eEaaS) program aims to develop and deploy new business models and a financial structure to enable the transition and facilitate the market adoption of energy efficient equiment-as-a-service in SMEs. The consortium participants (BASE, AGORIA, ANESE, Innoenergy) have been exploring and implementing eEaaS, focusing on financial, fiscal and legal challenges and solutions. They build on present frontrunner experience, attempt to solve barriers, ranging from asset value to shareholder and financial 3rd party management. Their unique expertise on financing, ESCOs, business needs when transitioning from selling products to selling services will enable investments roundtables and building pipeline of projects. eEaaS has two main components: a) mainstream the EE servitisation financial model to facilitate the access of SME to smart, high-energy efficient technologies and b) standardise a financing structure (for example "sale-leaseback" model). Past experience has indeed shown that a potential bottleneck for this type of models is the lack of liquidity, financial capacity or capacity to access competitive financing for the providers under conditions that do not hurdle the potential pipeline of servitisation projects. eEaaS model aims to overcome the barriers that have inhibited SMEs from investing in EE solutions as they compete with investment opportunities related to their core business, which are better understood by SMEs in terms of risks and rewards. Servitisation supports SME competitivity by using smart technologies for energy use measuring, supporting the digital economy. In addition it supports a circular economy approach by incentivising technology providers to make their equipment modular, with parts being reusable/recyclable since the ownership of the equipment is never transferred to the client.

F-PI will help to reduce its transactional cost through on the promotion of Energy Efficiency projects by implementing a coherent work-plan and will execute a set of concrete actions. The concrete actions are focused on provision of technical assistance to private funds to boost their capital in energy efficiency. This technical assistance contains the design on standardized procedures to create and analyse portfolios as well as the definition of innovative financing alternatives, always having in mind the high degree of replicability. By the end of the project, F-PI will trigger €30m of investments into sustainable energy thanks to the successful execution of the planned actions as well as the definition of the proper standard procedures.

The technical and economic viability of sustainable energy projects is of great interest to public institutions, businesses and individuals due to the associated energy savings and the additional economic and environmental benefits. The EU has articulated numerous mechanisms to encourage the mobilization of investment in terms of sustainable energy, and in Spain there are currently several of them applied to finance such projects. However, there is a set of barriers that hinders a greater development of them, standing out the lacks of: - trust among investors in financial viability; - public and private capabilities in project structuring; and - emblematic successful cases that can be a reference model. ENERINVEST addresses those issues by creating a consulting platform which will provide financial, technical and legal solutions to sustainable energy, facilitating the dialogue among the different stakeholders involved. ENERINVEST aims to become the reference Spanish platform in the field of sustainable energy projects financing, which covers the existing gap between the financial sector and the sustainable energy sector, hence, promoting a higher and more efficient investment in sustainable energy projects. This work is translated in: - gathering and organizing all current information, regulation and existing financial models in Spain; - identifying and promoting successful cases of innovative financial models; - creating an e-platform with an assessment and meeting tool for preliminary market assessments; - establishing working groups with stakeholders to join forces for the promotion of financial mechanisms for the execution of sustainable energy projects; - developing communication activities of the platform to foster its visibility and disseminating the results The main interested parties in ENERINVEST’s activities and results are the following target groups: projects promoters; financial entities, investors and policy makers and other stakeholders in energy and financing.

V2Market is an innovative service to incorporate the Electric Vehicles’ (EV) batteries into the electricity system as storage and flexibility capacity, using Vehicle-to-Grid (V2G) and Vehicle-to-Building (V2B) technology combined with energy efficiency (EE) and price forecasting ICT tools. V2Market puts together all the relevant actors in the value chain to work on the definition of the role and the contractual arrangements of a new business case, the aggregator, and its different possibilities with the other key stakeholders: the EV owners, and the flexibility buyers (DSO, TSO, BRP). V2Market will tackle energy efficiency at different levels: - Efficiency at the system level, by providing flexibility services to the grid. - Efficiency at the building/end user level, by optimising energy management thanks to the incorporation of the EV battery, which will also facilitate an optimisation of the energy produced by local RES. - Efficiency resulting from the substitution of older fossil-fuel based vehicles for electric vehicles. - It will make the EV battery an independent asset (as a major cost item that needs to be managed separately). This will result in measurable energy savings and performance improvements for the overall energy system. To respond to these EE needs, V2Market will develop a comprehensive business case for aggregators based on two types of service: A – Provision of ancillary services to the grid (frequency regulation, spinning reserves, peak shifting). B – Integration of flexibility services with EE at buildings’ level. V2Market will help the aggregator to develop its business model, and use big data to tailor its services to the patterns of its pool of EV owners. This is intended to consolidate a more predictable pool of EV batteries, which can be useful to develop also contractual arrangements with the flexibility buyers and provide stability to all the transactions within the value chain.

HousEEnvest aims to demonstrate the viability of the financing scheme, defined for the full energy renovation of multifamily houses in Extremadura, which will count on a combination of innovative tools for standardization, pooling, bundling and de-risking. This investment financing scheme focuses on a regional market with investment higher than 35 M€. HousEEnvest is the result of 2 years of work between key institutions of Extremadura region from the energy, economic and building sectors, combined with international resources coming from IEB and EU cooperation programmes, which have allowed designing one financing scheme made to measure of Extremadura building renovation necessities. HousEEnvest will have results in Energy renovation of multifamily building, and introduce EU added value through the combination of several proved innovations, which are applied and customized for the multifamily buildings with central heating. Will develop a Innovative financing scheme, implementing a Guarantees Fund created with public ESIF, moving from non-reimbursable grants into FI, and it is leveraged with EFSI and finally with private contribution (biggest part). HousEEnvest aims to be a showcase in the unlocking of investment through pooling, when supported by a proper Fund scheme, which can be applied and replicated in other geographies and even other sectors.