About PROPEL
The PROPEL Energy Efficiency Finance project will build on the development of the LAUNCH H2020 project and aims to ensure the finance and deployment of energy efficiency initiatives.
This will be done by creating measurable market impact through refining already existing and market-tested standardised collateral, integrating these into a holistic end-to-end service package of contractual collateral, risk assessment, IT process and market participants, and actively enabling deployment.
Combine
Gather the existing collateral, developed by the partners and their networks, and combine them with the new PROPEL materials into a single end-to-end solution.
Teach
Teach and apply these standardised materials with the full value chain of energy efficiency market players in (at least) 4 Member States: Belgium, Greece, Italy and the Netherlands.
Make it last
The learnings from the implementation of the process in the 4 focus Member States will be used to establish a permanent organisation that will live on long after the lifetime of PROPEL.
Our mission is to scale up the energy efficiency market by developing a holistic service package accessible to everyone.
“Money should not be a barrier for the growth of green economy”
— Michael Pachlatko, European Director, Joule Assets Europe
The PROPEL Service Package
PROPEL aims to facilitate the financing of energy efficiency initiatives by developing an end-to-end package of tools for both project developers and investors. These tools will be integrated in an online platform and tested with market players to validate their usability in real-life projects.
European Opportunities
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Need for sizeable project pipeline
The shift in focus from individual projects to a portfolio approach must be extended to smaller energy efficiency projects. This means to lay the foundation for funding at scale by increasing volume, replicability, standardisation, and aggregation.
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Lack of an ecosystem of industry players
In the sustainable energy industry, there is no single ecosystem of knowledgeable players that have an agreed-upon set of best practices, standard processes, and who regularly exchange information with each other.
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Incomplete and fragmented support
Resources supporting the development, processing and analysis of projects for finance are difficult to locate, are largely unfamiliar to financial funds and banks, and are difficult to fully understand without extensive training.
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Lack of standardised collateral
The existing fractured and disorganised set of tools and materials, none of which have been designed to fit together into a holistic end-to-end service package, are utterly insufficient to meet the needs of the energy efficiency market.
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Lack of access to training materials
Most of project developers do not have access to entities or resources that can train them on how to use the right material
Why join us?
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Learn
Access free educational content to learn about key financial, commercial and contractual concepts to be a step ahead in the market.
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Grow your business
Work closely with the project partners to integrate the materials in your processes and increase your opportunities to close deals.
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Network
Participate in online and in-person events to connect with peers from the energy, finance and policy sectors and create new opportunities for your business.
