The first-ever Cooling-as-a-Service (CaaS) Initiative workshop in Cape Town, South Africa on March 9 attracted many local providers, end users and funders of HVAC&R technology interested in learning about this servitization business model.
The workshop – which took place the day before the ATMOsphere Cape Town event (organized by shecco, publisher of this website) – also served as a “matchmaking” opportunity putting equipment providers in contact with end users to discuss leveraging the CaaS model.
The CaaS Initiative is led by Switzerland-based Basel Agency for Sustainable Energy (BASE) along with the Kigali Cooling Efficiency Program (K-CEP), and endorsed by the Global Innovation Lab for Climate Finance. CaaS is designed to provide an alternative to upfront payment models, thereby overcoming key market and financial barriers and accelerating the adoption of energy-efficient cooling technologies and the use of climate-friendly refrigerant gases.
The workshop was so well attended that extra chairs had to be brought in to accommodate all the parties interested in learning more about the CaaS model.
“We are highly satisfied with this first CaaS matchmaking event, which attracted more than 75 participants and resulted in insightful discussions,” said Thomas Motmans, Sustainable Energy Finance Specialist at BASE. “South Africa has a strong cooling sector, and the inputs received during the workshop will enable us to better support companies in adopting the business model.”
For more details about the discussion at the CaaS workshop in South Africa, check out the April issue of Accelerate Magazine, which will go live on April 7.