Investor Ready Certification

CEF are proud to be closely associated with the Environmental Defense Funds, Investor Confidence Project (ICP). As leaders in the energy efficiency industry CEF fully support the projects objective of enabling a marketplace for building owners, project developers, utilities, public programs and investors to trade in standardized energy efficiency projects. ICP defines a clear road-map from retrofit opportunity to reliable Investor Ready Energy Efficiency™. With a suite of Commercial and Multifamily Energy Performance Protocols in place, ICP reduces transaction costs by assembling existing standards and practices into a consistent and transparent process that promotes efficient markets by increasing confidence in energy efficiency as a demand-side resource.

Investor Ready Energy Efficiency™

Investor Ready Energy Efficiency™ designates that certified efficiency retrofit projects  have been developed by trained ICP Credentialed Project Developers and conform to the requirements of the ICP Energy Performance Protocols as verified by an ICP Credentialed Quality Assurance Provider.

Certified projects must utilize the industry best practices and standards for baselining energy usage, savings calculations, commissioning, operations and maintenance, and measurement and verification. Details of all requirements can be found in the protocols themselves or the reference ICP Project Development Specification.

The Investor Ready Energy Efficiency™  project designation does not constitute a guarantee of energy performance.

Project Development Process

ICP Protocols are an industry best practice assembly of existing standards, practices, and documentation in order to create the data necessary to enable underwriting or managing of energy performance risk.

The ICP Protocol portfolio includes six protocols to address different building types and project size/scope.  Project Developers should select the most appropriate and recent version of an ICP Protocol at project inception.  If a new version is released while a project is underway, developers can choose to either stay with their current version or move to the new version.

Standardised Documentation

Similar to an appraisal pack in a commercial real estate deal, each defined EPP creates a standard set of documentation that will help standardize project performance underwriting, leading to better data on performance, and a more efficient marketplace with less duplicative engineering and lower transaction costs.  The result should be an increase in deal flow and a more transparent efficient market.

ICP Protocols

The Investor Confidence Project currently has published protocols that are designed to address the range of typical commercial and multifamily building projects typically found in the market. They include:

Large Commercial Protocol

  • Whole building
  • > $1M project costs
  • Savings > 15% total energy usage

Standard Commercial Protocol

  • Whole building
  • < $1M project costs

Targeted Commercial Protocol

  • One or a few ECMs
  • Limited interactive effects
  • < $1M project cost

Large Multifamily Protocol

  • Whole building
  • > $1M project costs
  • Savings > 15% total energy usage

Standard Multifamily Protocol

  • Whole building
  • < $1M project costs

Targeted Multifamily Protocol

  • One or a few ECMs
  • Limited interactive effects
  • < $1M project cost

Project Development Specification

The ICP Project Development Specification (PDS) brings the many complex details of an energy efficiency project into focus, providing a clear direction to the entire team with regards to requirements, tools, expectations, and quality management.

The PDS is designed as a companion to the ICP Protocols, and describes in detail how every required element should be produced and evaluated, including links to relevant standards and methodologies.

Who are the CEF?

Launched by Greg Barker MP at IHEEM in 2011, the Carbon and Energy Fund (CEF) has been specifically created to fund, facilitate and project manage complex energy infrastructure upgrades for the NHS and wider Public Sector.
The CEF was co-created with the Department of Health. It is a special purpose vehicle allowing different parts of the Public Sector and NHS to work together. It employs an experienced team drawn from the NHS, National Services Scotland, National Procurement, NHS Strategic Buying Solutions, Wessex AHSN and The Countess of Chester Hospital. In addition to Health it has been chosen as the procurement vehicle for the Cabinet Office Public Sector Solar Scheme and Manchester City Council District Energy Program.
The route to working with the CEF is to seek membership, which then makes all the support of the CEF available to the New Member for the entire procurement, installation and savings monitoring period of the contract.
With a proven track record of more than 40 projects and in-depth experience of procurement, engineering, legal and finance, the CEF is the organisation to successfully guides Public Sector clients through the complex processes involved.

Energy Infrastructure Upgrades

  • Created by the NHS for the NHS and Public Sector
  • Efficient and proven OJEU compliant procurement process
  • Access to a £300m+ fund of capital funding
  • The widest choice of ESCo contractors in the UK
  • CEF provides all the specialist skills and resources
  • No up front fees
  • TDA approved procurement process
  • A track record of 40+ successful UK projects to-date