NOVICE, a three-year project funded by the European Union under the Horizon 2020 research and innovation program, will develop and demonstrate a new business model in building renovation to better monetize energy efficiency. The new model consolidates services and subsequent revenue streams from both energy savings and demand response.

Post-renovation energy savings provided to buildings and demand response (DR) services to the grid can reduce the payback period for these building investments and accelerate the much-needed market uptake of a performance-based financing model. As such, NOVICE introduces new actors (energy aggregators) in building energy upgrade projects, and fosters their collaboration with energy supply companies (ESCOs), financing institutions, facilities management companies, and engineering consultants to facilitate the roll-out of the dual energy services model.