Funding for energy efficiency

Internal funding

Energy efficiency pays for itself i.e. if you use less energy to do the same amount of work, or travel the same distance, you have reduced your costs and increased your profits.

Verification

Energy savings are often absorbed, with wastage elsewhere covering up the savings: Verified savings, or a formal measurement & verification (M&V) plan can help unlock internal funding, particularly where and energy audit has shown that the investment meets company investment criteria.

IPMVP is a recognised measurement and verification protocol, freely available to all via EVO: a CMVP is a certified measurement and verification professional.

EPC & ESCo FUNDING

Authentic were the initiator, project manager or advisor on customer applications for SEAI BEW – Better Energy Workplace Grants in 2012 (6), building on our experience in 2011(11), 2010 (6) and 2009 (3).

BEW was the forerunner and test bed for the government’s EEF Energy Efficiency Fund – intended to provide long-term sustainable finance to energy efficiency projects in Ireland.

EPC – Energy Performance Contracting simply means that the supplier receives full payment only if the energy conservation measure (ECM) delivers the savings promised.

EPC’s can be very simple to implement, provided some form of measurement takes place and the performance risk rests with the supplier.

ESCo – Energy Services Company or Contract is more complex and generally applies to large capital investments with multi-year finance arrangements.

The supplier takes the performance risk and the customer retains the price risk, normally done on a open book basis, independent measurement and verification is critical to its success.

Energy Saving Credits (ESC)

Available from your energy supplier, or Enprova if you need an independent source: ESC offer a source of seed capital or smaller sums to enable projects to go-ahead.

Regulated under S.I.131:2014, ESC’s are not carbon credits and cannot be traded or tendered.

Since 2012, ESC’s have proven very useful to companies that do not qualify for government funding.

Government Funding

Because energy efficiency projects deliver measurable cost savings to business, grant aid stopped in 2012.

You can apply to:

  • SEAI for grant aid to projects delivering measureable energy savings
  • Enterprise Ireland for ISO50001 training supports

AEMS are registered with Enterprise Ireland and on the panel of SEAI advisors since 2007.

Authentic served as the initiator, project manager or advisor on customer applications for SEAI BEW – Better Energy Workplace Grants in 2012 (6), building on our experience in 2011(11), 2010 (6) and 2009 (3).

BEW was the forerunner and test bed for the government’s EEF Energy Efficiency Fund – intended to provide long-term sustainable finance to energy efficiency projects in Ireland.

Since 2011 we have helped public and private sector clients secure over € 3,000,000 in grant aid towards energy efficiencies.  Projects include transport, building upgrades and industrial process.

Examples of customers for whom we have helped to secure funding:

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