At Lawler Sustainability we are delighted to kick off our second European R&D project. SmartSPIN counts with a very complete and well-rounded suite of partners from Ireland, Greece, The Netherlands, and Spain and proposes to tackle one of the most significant barriers that stand in the way of a carbon-free Europe: the split incentive issue.
We are very excited to be able to give our contribution during the following 3 years on the back of our experience leading the Energy Performance Contracting space in Ireland and to learn from what best is done in other European countries.
What is SmartSPIN?
SmartSPIN will develop, test, validate and exploit a new business model for Energy Service Companies (ESCOs) that leads to greater uptake of Smart Energy Services (SES) deployed via performance-based contracting in the commercial rented sector.
This sector has huge potential for energy savings but has avoided the use of performance-based approaches like energy performance contracts (EPC) because of two main barriers: (a) the long contract duration of EPCs and (b) the split incentive problem.
SmartSPIN will remove both these barriers by demonstrating and validating an innovative Energy Efficiency-as-a-Service (EEaaS) business model in 3 pilot regions in Europe (Spain, Greece, and Ireland).
The SmartSPIN business model integrates energy efficiency with other energy services such as flexibility and creates value from both energy and non-energy benefits. Combined with advanced M&V concepts that use big data from smart equipment and a contractual approach that splits the benefits between all stakeholders in a fair and transparent manner, SmartSPIN builds trust between the parties that will lead to greater uptake of SES in the commercial rented sector.
To maximise impact and uptake, SmartSPIN will develop a business model toolkit and train 350 actors in the value chain on the key features of the business model. SmartSPIN brings together a consortium of experts from the entire value chain: ESCOs (LS); cloud-based energy management platform provider (SMARKIA); energy supplier (EUNICE); M&V specialist (HEBES).
Combined with a research team that is highly experienced in developing business models for performance-based contracting (IERC), an expert in the development of predictive models and algorithms (TEC), and a specialist in successful exploitation of sustainable innovations (EGEN), the SmartSPIN team has all the skills needed to facilitate the roll-out of this innovative business model in Europe.