Brussels, Belgium (December 9, 2019) – shecco and BASE have joined forces on the Cooling as a Service (CaaS) Initiative to promote this game-changing business model that overcomes key market and financial barriers to increase and accelerate the adoption of energy-efficient cooling technologies and the use of climate-friendly refrigerants gases. As such, the parties signed an official Memorandum of Understanding (MoU) on November 20, 2019.
“Shecco is very excited to become a supporting partner of the CaaS Initiative,” said Marc Chasserot, shecco CEO. “We believe that this approach to financing the transition to natural refrigerant-based solutions for HVAC&R can be a game changer worldwide.”
“BASE is very excited to have shecco, a key player in natural refrigerants, join the CaaS Alliance and our global effort to unlock investment in climate-friendly and energy-efficient cooling solutions,” said Daniel Magallón, Managing Director of BASE.
The CaaS Initiative is a global effort launched in 2019 by BASE and the Kigali Cooling Efficiency Program (K-CEP) to scale up investment in clean and efficient cooling by mainstreaming the CaaS pay-per-service business model. To support this process, the CaaS Alliance has been set up. The aim of this alliance, built on the commitment and collaboration of a global network of partners, is to spread the word about the model, build capacity, and implement the model in different sectors and regions.
About Cooling as a Service (CaaS)
Cooling as a Service (CaaS) is a pay-per-service business model that aims to decrease energy consumption and greenhouse gas emissions from cooling use. It allows customers to simply pay for the amount of air-conditioning they use instead of buying and maintaining the whole equipment. CaaS counts with integrated financial tools to recapitalize technology providers who own the equipment and take on all future costs related to operations and maintenance, including water, electricity, and repair bills. And finally, it also encourages manufacturers of cooling technology to design for reuse rather than obsolescence, thus supporting the circular economy.
For more information about Cooling as a Service, visit the CaaS website
For the last 17 years, market accelerator shecco has been active in helping bring climate-friendly technologies faster to market. shecco supports over 100 partners worldwide in the HVAC&R sector, where the focus is on sustainable refrigeration, heating & cooling technologies using natural refrigerants. shecco offers a variety of services in three areas: 1) media, including online industry platforms, magazines and a catalog of dedicated research reports; 2) market development, including market research, consultancy and public affairs services, as well as special international projects; and 3) events, including international conferences and national workshops.
The Basel Agency for Sustainable Energy (BASE) is a Swiss not for profit foundation and a specialized partner of United Nations Environment Program (UNEP) founded in 2001. Around the world, BASE designs, develops and implements innovative financial mechanisms and business models to catalyze investments towards sustainable energy and to meet the challenge of climate change.
BASE Climate Finance Project and Communications Officer