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New Online Energy Efficiency Financing Platform Matches Energy Efficiency Providers With Energy Savings Insurance and Financing

October 14
10:43 2013
New Online Energy Efficiency Financing Platform Matches Energy Efficiency Providers With Energy Savings Insurance and Financing

CHICAGO, Oct.14, 2013 /PRNewswire/ CapX Partners today announced the launch of its online Energy Conservation and Performance (E-CAP) Platform, a new tool to help building owners, ESCOs, contractors and engineers secure financing for their energy savings projects. Partnering with leading energy insurer Energi, the E-CAP Platform will incorporate Energi's expertise in energy efficiency into the online underwriting process, helping to accurately securitize energy savings and protect project guarantees.

The E-CAP process will provide energy efficiency providers with turnkey access to best practices and leading performance guarantees and financing solutions. At first, E-CAP will enable qualified energy efficiency providers to identify efficiency projects, as well as bid for them on the Honest Buildings network. The Platform will provide development memorandums, credit applications and project implementation plans to facilitate the development process, then offers users turnkey performance insurance and financing options.

According to Eric Starr, Partner at CapX Partners, "Insurance products such as those offered by Energi aren't typically purchased by investors. However, obtainment of insurance can alter the risk-return profile of an alternative energy investment enough to encourage an otherwise-unwilling investor to get involved."

U.S. energy service companies (ESCO) have contributed significantly to the rise of energy efficiency over the past several decades, with Navigant estimating the U.S. ESCO market at $4.9 billion in 2013.Notwithstanding, industry experts assert that inertia is the key impediment from greatly expanding this market. The user friendly E-CAP Platform significantly increases capacity (financing and rated performance guarantees) while also providing compelling cost benefit and peer building analyses to building owners.E-CAP Platform will benefit ESCOs and non-ESCO firms alike by significantly expanding the market.

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