Generating Efficiency As a Resource (GearUP)
GearUP is pioneering a transformative market for energy efficiency (EE), positioning it alongside renewable energy like solar and wind. Although EE is critical for sustainability, Europe lacks a standardized market for measuring, trading, and financing energy savings. GearUP tackles this by creating a scalable framework to commercialize saved energy (kWh), addressing key barriers like split incentives, limited retrofitting, and capital access.
Objectives
Faster Renovations: The GearUP project aims to accelerate building renovations by creating a scalable framework that can be replicated across portfolios, enabling bond-like financing structures to attract institutional investors and drive widespread adoption. This approach ensures swift market uptake and a significant boost to Europe’s renovation wave.
Deeper Renovations: By addressing split incentives and unlocking the long-term energy efficiency potential of buildings, GearUP aims to enable ambitious, comprehensive retrofits lasting up to 20 years. This fosters collaboration between landlords and tenants, removing barriers to significant improvements.
Data-Driven Renovations: Through advanced metering technology and transparent reporting, GearUP aims to provides independently certified measurement of energy savings. This ensures robust certification and strengthens investment confidence in the energy efficiency market .
The Consortium
“If we are to limit global warming to 1.5 degrees Celsius, we have to speed up the global energy transition. That means tripling renewable energy capacity and doubling energy efficiency by 2030. This sounds bold, but it is doable”
— Ursula von der Leyen
Project Deliverables
Co-funded by the European Union through the LIFE programme under Grant Agreement no. 101167702.