The ICP Credential System combines the use of the ICP Protocols, existing industry certifications, and third party verification to create Investor Ready Energy Efficiency™ (IREE™) projects that provide investors and building owners with a new level of confidence in project engineering, performance and returns. IREE projects are akin to audited financials and other industry workflows that have paved the way towards securitization and classification by ratings agencies. ICP expects that full deployment of the ICP System will be a critical component in transforming the market infrastructure for the energy efficiency industry.
The system is comprised of three provider credentials and the Investor Ready Energy Efficiency™ project designation. The system workflow leverages credentialed Project Developers who originate projects and proposals, credentialed Software Provider applications that can automate the process (optional), and credentialed Quality Assurance Providers who will perform a third party review utilizing ICP’s QA resources. Conforming projects will then receive the Investor Ready Energy Efficiency™ designation.
Investor Ready Energy Efficiency™
Investor Ready Energy Efficiency™ designation ensures that a specific project conforms to the ICP protocols. IREE projects must be developed by an ICP Credentialed Project Developer (or other qualified developer) and must contain a complete ICP Protocol documentation package that includes sign off by an engineer of record from the project development team. Furthermore, IREE project must have undergone quality assurance review by an independent and qualified ICP Quality Assurance Provider who certifies that the project meets the requirements set forth in the ICP Quality Assurance Checklist and ICP Project Development Specification.
Project Developer Credential designates that a project developer (ESCO, Engineering firm, facility manager, building owner, etc.) is capable of meeting the requirements that are outlined in the ICP Energy Performance Protocols and that each firm has a licensed engineer either on staff or under contract, qualified to certify projects as complying with the requirements of the ICP Energy Performance Protocols.
The ICP Credentialed Project Developer is the crucial first step in the process of developing IREE projects. We are actively recruiting experienced project developers who have the skills and qualifications necessary to originate high-quality project. For more information on requirements and program benefits please view our ICP Project Developer Credential program page.
The Software Provider Credential is designed to assure that a provider's product (software/application either installed or web-based) can support the requirements of the ICP Performance Protocols and ICP System. Specifically, qualifying products must enable managed and easy access to all of the required documentation as well as support the ICP workflow for creating ICP IREE Projects. This is accomplished through the Virtual Documentation Package (VDP) which creates a standardized documentation package automatically when projects are developed using the software application.
It should be noted that ICP is seeking to create facilitated workflow that is streamlined and consistent with ICP methodology, however, software providers still have significant flexibility to design the optimal technology, user interfaces, and formats to accomplish this.
ICP currently has 6 software providers committed to complying with the ICP Software Provider Credential guidelines. Market reception to the program has been strong and we are committed to promoting our program participants. To find out more about the program, please visit the ICP Software Provider Credential program page where program requirements, benefits, and access our promotional provider pages may be found.
The Quality Assurance Provider Credential designates that an organization has all necessary qualifications and certifications to provide Quality Assurance for a project developed according to the ICP Energy Performance Protocols leveraging the ICP Project Development Specification and QA Checklist. Furthermore, this credential requires that the QA provider attest that they are an independent third-party with no affiliation to each project as part of the QA process.
Our Quality Assurance Provider Credential program and requirements are currently under development. If you are interested in this program and its requirements you may view a draft or sign up to be contacted by ICP here.