The ESI model
and it's elements
The ESI model includes financial and non-financial elements designed to work together to reduce the risk for firms to invest in energy efficiency and create trust and credibility among key actors.
The model consists of
5 main components:
An energy-efficient technology provider offers a project, with the promised energy savings guaranteed. The GoSafe with ESI elements and each party's responsibilities are described in the simple, standardised contract.
A third-party validation entity evaluates the project’s energy savings. The insurance company covers the validated energy savings and the contract is activated.
The technology provider instals the new energy-efficient system and the validation entity verifies and validates that the installation is in accordance with the contract.
The operation of the new equipment results in reduced energy costs, improved performance, higher productivity, and sustainability. Maintenance services by the technology provider ensure that the equipment is operating optimally.
The energy savings are measured and annually reported by the technology provider via a simple online system, where they are checked and can be approved by their clients. In the case that there are disagreements on the savings achieved, the validation entity steps in and acts as an arbiter.
If the savings are not achieved, and the technology provider cannot respond to their contractual commitment, the insurance steps in to cover the promised savings.