SmartSPIN will boost energy efficiency in commercial buildings

09/09/2022

In Europe, 75% of the buildings are energy inefficient and most of them are in the commercial rented sector. The SmartSPIN project has a solution that can change this. Its business model addresses the key market barriers that prevent landlords and tenants from implementing smart energy and flexibility services in their commercial buildings. EGEN is a partner in this innovative project.

Energy inefficiency throughout Europe

In Europe, buildings account for 40% of energy consumption and 36% of the generated carbon emissions. According to the latest studies, 75% of all buildings in the European Union are energy inefficient, and only 1% of them are renovated each year. In addition, around 25% of Europe’s buildings are non-residential buildings, which are often owned by a commercial landlord who rents and/or leases all or just parts of the building to one or more tenants.

In this context, one of the key market barriers to energy efficient building renovations is the split incentive problem, where the benefits of energy efficiency investment do not accrue to the actor who pays for the investment. In rented buildings this issue arises between tenants and landlords.

An innovative business model for integrating smart energy services

Introducing a new way of sharing costs and benefits between the involved parties, the SmartSPIN project aims at removing the current market barriers for integrating smart energy efficiency services in the commercial rented sector. After defining the service, practical experience with it will be gained through test demonstrations and data analysis of three real case studies in Spain, Greece, and Ireland – exploring how smart energy services can be deployed as an effective business model practice in Europe.

The SmartSPIN project started on 1 September 2021 and will run for three years until 31 August 2024. Funding has been provided by the European Union under the Horizon 2020 Research and Innovation programme.

Triggering investments in sustainable energy

SmartSPIN is expected to generate unique know-how, providing clear positive business and societal impacts. By using the project methodology, the three pilot sites are expected to generate 4.53 GWh/year energy savings through the improvement of the existing building systems and installations of solar photovoltaics. These energy savings will result in reduced greenhouse gas emissions of 941 tCO2eq/year. Additionally, SmartSPIN is expected to trigger investments in sustainable energy worth 8.27 million euros.

Above all, the project will create a more reliable and verifiable innovative energy service, and will demonstrate the trustworthiness and accessibility of service providers.

A dedicated project consortium

The SmartSPIN project is run by a consortium of seven partners from four European countries (Ireland, Greece, Spain and the Netherlands). The partners represent leading business, technological and research organisations across Europe. The International Energy Research Centre (IERC, located in Cork, Ireland) will oversee the project’s implementation plan of seven Work Packages.

EGEN is one of the seven partners in the SmartSPIN project. We are in charge of all Communication, Dissemination, Engagement and Exploitation activities, matching the project results with market opportunities and making the project’s work widely known. Our experts will promote the project results to a variety of stakeholders and ensure uptake of the SmartSPIN business model and toolkit by the market and decision makers.

Strategic collaboration with other European projects

In July 2022, SmartSPIN joined forces with two other Horizon 2020 funded projects: NEON and V2Market. NEON focuses on next-generation integrated energy services for Citizen Energy Communities (CEC’s). V2Market is an innovative service to incorporate EV batteries into the electricity system as storage and flexibility capacity, using Vehicle-to-Grid (V2G) and Vehicle-to-Building (V2B) technology. The three projects will be working closely together to design new approaches and business models to enhance energy efficiency and flexibility across Europe.

More news

CBE JU publishes its Annual Work Programme and Budget for 2023

CBE JU publishes its Annual Work Programme and Budget for 2023

The Circular Bio-based Europe Joint Undertaking (CBE JU) has set its funding priorities for 2023 in its Annual Work Programme. With over EUR 215 million of budget, the calls of the Programme will support the Strategic Research and Innovation Agenda (SRIA) of the CBE...

read more
Prompt submission required for Circular Chain Projects grant

Prompt submission required for Circular Chain Projects grant

Grants are available once again in 2023 for projects aimed at creating circular product and material chains. The Circular Chain Projects scheme opens for applications on 23 March. One thing is for sure – if you’re interested, you need to be quick! About the Circular...

read more
ISO 9001 and ISO 27001 certification for EGEN

ISO 9001 and ISO 27001 certification for EGEN

EGEN recently received both ISO 9001 and ISO 27001 certification. And thus received official confirmation that it meets the highest standards for quality and information security. After a long process and an intensive certification audit by the TÜV inspection body,...

read more

Contact

Want to know more?

How can we help you? Contact us or send us a message for a quick response.

E-mail address
info@egen.green

phone number
+31 (0)88 838 13 81