Risk Mitigation in Energy Efficiency Retrofit Projects Using Automated Performance Control

Author:

Taminiau Job,Byrne John,Sanchez Carretero Daniel,Shin Soojin,Xu Jing

Abstract

Performance gap concerns limit investment in the building energy efficiency retrofit market. In particular, the ability of projects to deliver on promised energy savings is commonly drawn into question. Performance risk mitigation mainly occurs through energy saving performance guarantees. Contractual stipulations arrange the conditions of the guarantee, and ceteris paribus, a higher energy saving guarantee should reduce project performance risk. Therefore, methods that yield a higher energy saving guarantee could help accelerate the market. We review the ability of “smart,” automated, and connected technologies to: (a) intelligently monitor and control the performance of energy-consuming devices to reduce performance variations, (b) provide additional degrees of control over the project’s performance, and, by doing so, (c) motivate the energy services company (ESCO) to raise the energy saving guarantee. Our analysis finds that use of such automated performance control could significantly raise the energy saving guarantee, making projects more likely to succeed.

Publisher

IntechOpen

Cited by 2 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

1. Overcoming Financial Barriers to Eletrify HVAC in Commericial Buildings;Transactions on Economics, Business and Management Research;2024-08-21

2. Tackling the Risk of Stranded Electricity Assets with Machine Learning and Artificial Intelligence;Sustainable Energy Investment - Technical, Market and Policy Innovations to Address Risk;2021-03-10

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