Dallas, TX, July 15, 2015 --(PR.com
)-- SCIenergy is proud to announce their selection as a certifier for the Investor Confidence Project. The Investor Confidence Project
(ICP) is an Environmental Defense Fund initiative designed to grow investment in energy efficiency nationwide by increasing building owner and investor confidence in the reliability of energy savings and financial returns. This opportunity allows them to leverage and expand their unique offerings in the energy management marketplace.
According to U.S. Energy Information Administration and the Environmental Protection Agency, buildings use nearly 40% of all energy in the United States and generate more than a third of our country’s greenhouse gases. Yet, investors and building owners have traditionally been wary of tackling energy efficiency projects, due to the perception of cost barriers, inconsistency and investment risk.
As one of only ten ICP certifiers, SCIenergy possesses the particular skills, training, and experience to provide an independent review and certification of ICP building projects. For projects that are originated by Credentialed Project Developers and comply with ICP protocols, this third-party review can certify projects as an Investor Ready Energy EfficiencyTM (IREE) project. The IREE certification assures building owners and investors that the underlying engineering fundamentals of a project are sound and that predicted returns have been calculated correctly, reducing risk for all parties. For building owners, this translates to confidence that projects will deliver projected savings. For investors, standardized projects and documentation enable efficient due diligence, faster underwriting, and more reliable investment returns.
With the ICP system and provider networks now in place, ICP looks forward to an ever-increasing deal flow of Investor Ready Energy EfficiencyTM projects in the marketplace. This standardization of projects opens up a pathway for the aggregation of energy efficiency projects for institutional investors and secondary markets.
For more information on the Investor Confidence Project (ICP), go to EEPerformance.org to download their new fact sheet.
About SCIenergy (scienergy.com)
SCIenergy leverages software, capital and insight to elevate the performance and value of buildings. SCIenergy is the developer of the first “energy-infrastructure-as-a-service” integrated platform delivering a blend of cloud-based software and project capital to drive the mass deployment of comprehensive energy solutions in large buildings.