Efficiency & Renewables as a Service (EaaS-RaaS)

Abstract

The Efficiency as a Service (EaaS) and Renewables as a Service (RaaS) business models are an evolution of the SaaS and PPA models.


Benefits to Building Owners
1.    Zero upfront capital is required to make deep energy retrofits; the projects are fully funded through the service agreement.
2.    Net operating income (NOI) immediately increases as energy and maintenance savings reduce operating expenses.
3.    Technology advances such as wireless technology and digital controls that may not normally be implemented due to capital constraints are now adopted due to their ability to optimize building performance and increase energy savings, which also drives repayment of the cost.
4.    Reduced risk of ownership; the improvements are maintained by the service provider during the term.
5.    Years of deferred maintenance can be addressed economically.
6.    In the case of commercial real estate (CRE) energy efficiency penetration, Hawaii is predominately triple-net. The owner often doesn’t fully benefit from the energy efficiency improvements because the savings are almost entirely realized by tenants who pay their own utilities or by required common area maintenance (CAM) savings pass-throughs. The EaaS-RaaS business model delivers commercial building owners and property managers an immediate boost to NOI through a separate payment to the building owner for the right to extract energy savings from that building space.

Benefits to the Planet
1.    Reduced carbon footprint
2.    Deeper energy retrofits are financially viable as EaaS-RaaS utilizes the low-hanging fruit such as solar, lighting and technology bundled with historically more capital-intensive retrofits such as mechanical systems and building envelope to achieve deeper, longer term efficiencies.
3.    Sustainable long-term kWh savings are achieved due to the multi-year service agreement. kWh savings are actively managed and tracked beyond the first year. Incentives can be tailored to better fit the sustainable kWh savings over time.

Presenter

Anthony Amendola
CFO
Energy Advisors, LLC

Anthony J.  Amendola is Chief Financial Officer of Energy Advisors, LLC. As CFO at Energy Advisors, he is driving an innovative approach to turn-key building improvement solutions through the development and funding of energy efficiency and capital improvements in Hawai’i and the mainland.

Energy Advisors is implementing “Efficiency as a Service” (EaaS) utilizing our own funding, in a zero upfront capital approach. They have also established a “Hawai’ian Kama'aina  Fund” for our Hawai’i based projects. In addition, we are an experienced Property Assessed Clean Energy (PACE) developer.

Anthony has over 30 years of expertise in real estate and energy efficiency industries in the U.S and Canada and earned his MBA in finance from Carnegie-Mellon University’s Tepper School of Business.