In November of 2012, we released the initial version of the Energy Performance Protocol for Large Commercial (EPP-LC). We received encouraging reviews from industry allies and many industry leaders have committed to join our growing ICP Ally program, a broad based network of organizations that helps us develop, test, and implement the ICP Protocols.
New Release: Large Commercial – Version 1.1
Building on our initial success and market feedback, ICP is now releasing a new and updated version 1.1 of the EPP-LC, which incorporates a wide array of important improvements that will streamline the project development process and improve results.
Our ICP team is incredibly grateful to all individuals that contributed their time and energy to this process resulting in a more streamlined protocol, especially our committed team of experts who dedicated untold hours and contributed a wide array of industry, research, and public sector experience.
Upcoming Standard Commercial and Multifamily Protocols
In an effort to increase efficiency across the range of projects in the market, we have focused our attention on delivering protocols for both Standard Commercial (projects that typically cost under $1MM) and Multifamily projects. Combined with our existing protocols, this combination will enable us to serve the majority of the energy efficiency market.
We are also working with a range of public programs focused on driving demand and overcoming barriers, such as Commercial PACE, On-Bill Repayment, and Benchmarking Programs. ICP plays a key role connecting these programs to the wide array of investors needed to achieve our energy efficiency goals.
The protocols are designed to add value to the various participants in the energy efficiency ecosystem. Project developers benefit from better access to capital resources, standardized origination processes, and the ability to benchmark projects. Building owners and managers will see a more competitive bidding process and get better rates and terms for their projects. Investors will be able to underwrite deals more efficiently by having reduced transaction costs and consistent yields. Once consistent protocols are adopted, the entire industry will benefit from smaller transaction costs, more consistent project performance, and increased access to capital.
If you are interested in learning more, or getting involved, visit our ICP website for more details and to sign up for our Ally program, or contact us about implementing the ICP Energy Performance Protocols.