Market accelerator shecco, publisher of this website, and BASE (Basel Agency for Sustainable Energy) signed an official Memorandum of Understanding (MoU) on November 20 to promote the Cooling as a Service (CaaS) Initiative, a pay-per-service business model designed to overcome first-cost barriers and accelerate adoption of energy-efficient cooling technologies and climate-friendly refrigerants gases.
“shecco is very excited to become a supporting partner of the CaaS Initiative,” said Marc Chasserot, CEO of Brussels, Belgium-based shecco. “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, a Basel, Switzerland, not-for-profit foundation and a specialized partner of United Nations Environment Programme (UNEP) founded in 2001.
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.
“We believe that this approach to financing the transition to natural refrigerant-based solutions for HVAC&R can be a game-changer worldwide.”Marc Chasserot, shecco
Pay as you go
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 or refrigeration they use instead of buying and maintaining the equipment.
CaaS uses 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. 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