Industry SectorsEnergy/MiningInsurer HSB supports launch of energy efficiency project eQuad

Insurer HSB supports launch of energy efficiency project eQuad

eQuad is an online platform to automate the pre-finance phase of energy efficiency projects and connect them directly with investment.

Specialist engineering and construction insurer HSB Engineering Insurance (HSB), part of German reinsurer Munich Re, has announced the early release of the eQuad platform, the latest step in its involvement with the Sustainable Energy Asset Evaluation and Optimisation Framework (SEAF).

SEAF is a €1.7m project funded by the European Commission (EC) to enable small to medium enterprises (SMEs), providing energy efficiency and other energy-related services, to gain access to project finance. The eQuad online platform automates the pre-finance phase of energy efficiency projects and connects them directly with investment from within the eQuad Investor Network, currently representing €1.2bn of available project finance.

The SEAF consortium recently launched the early release of the eQuad online platform at the SEAF Investor Forum in Milan, Italy. Led by Joule Assets Europe AB, SEAF gathers together expertise from HSB Engineering Insurance, the University of Manchester, and Verco from the UK, the Aristotle University of Thessaloniki, Greece, and Servizi Energia Ambiente S.r.l (SEASRL) from Aquila, Italy.

“The launch of the platform allows any project owner involved in energy savings or services across Europe simple access to a full range of financial resources to help them with end-to-end project finance support,” said Paul Cullum, product development manager at HSB Engineering Insurance. “Insurance can play an important part in this process, offering greater certainty and security for banks, financiers and project managers.”

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