Abstract
The continuous growth of renewable energy and the transition to a more de-centralised electricity generation adds significant complexity to balance power supply and demand in the grid. These imbalances are partially compensated by demand response programs, which represent a new business opportunity in the building sector, especially for ESCOs. Including demand response to their traditional energy efficiency-based business model adds an additional revenue stream that could potentially shorten payback periods of energy renovation projects. This paper introduces this new dual-services business model, and evaluates the potential suitability of HVAC, generation and storage technologies to ensure proposed energy efficiency and flexibility goals.
| Original language | English |
|---|---|
| Pages | 2016 |
| Number of pages | 1 |
| DOIs | |
| Publication status | Published - Sept 2019 |
Keywords
- Demand response programs
- Building sector
- Dual-services business model
- HVAC
- Generation and storage technologies
- Energy efficiency
Project and Funding Information
- Project ID
- info:eu-repo/grantAgreement/EC/H2020/745594/EU/New Buildings Energy Renovation Business Models incorporating dual energy services/NOVICE
- Funding Info
- This paper is part of a project that has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 745594. This paper reflects only the author´s views and neither the Agency nor the Commission are responsible for any use that may be made of the information contained therein
