We are pleased to announce ten highly qualified firms have qualified for the Quality Assurance Credential, and are now authorized to conduct third-party review for projects originated by Credentialed Project Developers and certify those projects as Investor Ready Energy Efficiency™ (IREE).
The Investor Confidence Project (ICP), an EDF initiative designed to unlock investment in energy efficiency, announces the launch of the ICP Quality Assurance Credential for companies with the skills, training, and experience to provide independent review of ICP projects. This last of three key credentials authorizes third-party Credentialed Quality Assurance providers to verify that a project conforms to a set of ICP protocols and certify projects as Investor Ready Energy Efficiency™.
The Investor Confidence Project (ICP), an EDF initiative designed to unlock investment in energy efficiency, announces the launch of the ICP Quality Assurance Credential for companies with the skills, training, and experience to provide independent review of ICP projects. This last of three key credentials authorizes third-party Credentialed Quality Assurance providers to verify that a project conforms to a set of ICP protocols and certify projects as Investor Ready Energy Efficiency™.
Credentialed Quality Assurance Providers
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| The introduction of the Quality Assurance Credential marks an important step forward for ICP and the standardization of the commercial and multifamily energy efficiency industry. The IREE certification assures building owners and investors of all types that the underlying engineering fundamentals of a project are sound and that predicted returns have been calculated correctly. For building owners, IREE certification translates into confidence that projects will deliver projected savings. For investors, standardized projects and documentation enable efficient due diligence, faster underwriting, and more reliable investment returns. | Quality Assurance Credential is given to companies that have the training and experience to provide independent review of ICP projects Project Developer Credential is given to those developers who are able to properly deploy the ICP protocols when undertaking an energy efficiency retrofit. Software Provider Credential is given to software providers who are able to document energy efficiency projects according to ICP standards |
With the ICP system and provider network now in place, ICP looks forward to increasing deal flow of Investor Ready Energy Efficiency™ projects in the marketplace. In addition to streamlining origination and upfront investment, this standardization of projects opens up a pathway for the aggregation of energy efficiency projects for institutional investors and secondary markets.
ICP’s goal is to transform energy efficiency from complex one-off projects to a true marketplace where projects can be underwritten with confidence by building owners, investors, and utilities, and eventually by secondary markets. ICP looks forward to supporting our growing network of credentialed providers to streamline the marketplace and make this vision a reality.
ICP’s goal is to transform energy efficiency from complex one-off projects to a true marketplace where projects can be underwritten with confidence by building owners, investors, and utilities, and eventually by secondary markets. ICP looks forward to supporting our growing network of credentialed providers to streamline the marketplace and make this vision a reality.
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