FinSESCo

Financing Smart Energy Systems via Crowd Investing
Digitalizing Energy Contracting in the Building Sectory
More about Energy Performance Contracting

About the FinSESCo Project

Project

The project FinSESCo is an ERANET MICall project uniting single projects in 5 countries (Germany, Austria, Romania, Spain, India). Local funding is provided by the national funding entities and their managing bodies FFG, PTJ etc.. The Project start differentiates between the countries. In Austria and German the project has started on May 1st 2022. The aim is reviving contracting for renovation of buildings and investments in renewable energy converters in/on buildings, and mobilizing money from private investors via crowd investing. Intracting is the equivalent for public entities and multi facility enterprise. The big challenge of the project is deploying artificial intelligence for compiling renovation projects from asset based Energy Performance Certification (EPC) derived data. Co-financing for the project is comprising HORIZON EU funds.

FinSESCo Components

process

Seamless Set-up Process

FinSESCo aims at re-using data, which was created during the assessment of the building in the asset based Energy Performance Certification. Such data often stored as XML allows calculating savings applying deep renovation, and exchange of energy converters. By suporting enabling factors like ensurance for energy contracting projects and reducing hurdles for crowd investing the decarbonization shall be accelerated.

financing

Crowd Based Financing

FinSESCo promotes a crowd based investing, using an novel cut-off (Knapsack) algorithm to determine best financing offers. After the cost were defined using offers from companies and the investments round is started, investors may enter their sum and interest rate they wish to have. After the end of the bidding period, the best offers are used and contracts erected digitally.

digital

Digital Fulfilment

FinSESCo features fully digital fulfilment, from digital contract erection to smart meter based surveillance and smart meter supported payments. Information from networked meters is used for continuous improvements and predictive maintenance.

baustelle

Transparency

Information from previous projects is offered to investors and project owners. This allows rating of project types and project owners and selecting the best energy contracting model for property owners.

Contact

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