Financing and realising energy efficiency and renewable energy projects in industry

Library & reports

This section includes public reports and deliverables of the TrustEE consortium. The internal reports page summarises additional project reports that are not public at this time. 

The European Commission's formal webpage for the TrustEE project is on the Community Research and Development Information Service site. 


Current status and future perspectives for energy production from solid biomass in European industry 

Malico I. et al 2019

Summary: Industrial heating is dominated by fossil fuels. Therefore, promoting renewables in this sector is vital to move Europe towards a low-carbon economy. Since solid biomass is the only renewable with significant industrial use, it is crucial to know the status of its present use and to analyze the prospects of its future utilization by the industry. The current European industrial energy consumption is reviewed, with a focus on bioheat. DownloadReport (pdf)

Mind the Gap: Key findings of industrial energy efficiency financing related gaps  

eceee Industrial Efficiency conference, 2018

Summary: This report summarises the key findings from an event on industrial efficiency project financing, held on 11 June in Berlin as part of the European Council for an Energy Efficient Economy Industrial Efficiency conference. TrustEE sponsored and introduced the event.  DownloadKey findings report (pdf), presentation (pdf)

Status of process heating in Europe: Sectors, processes, distribution, systems, and sources

Deliverable 1.1

Summary: Depending on the sector, process heating normally accounts for over half of European industries' energy demand. Fossil fuels meet most of this demand; however, in Sweden, Finland, Latvia and Portugal biomass is a significant contributor. Renewable energy sources are poised to replace up to 60% of fossil fuels for process heating, especially at mid to lower temperatures. However, renewable energy potential varies by industry sector and country. Promising sectors for renewable energy integration includes pulp and paper, food and beverage, and the tobacco industries.  Download: Full report (pdf)


Conventional and process heat efficiency and sustainability (PHES) production: Technologies, system layouts, and renewable energy resources

Deliverable 1.2

Summary: The objective of the report is to provide an overview of conventional and sustainable heat production systems (PHES) mainly linked to industrial process heating supply systems. Descriptions of the technologies, performance parameters, possible system layouts and energy supply sources as well as costs (technology and energy) are summarised for European industrial applications. Combustion boilers are the predominant heat production systems, either using solid fuels (coal and biomass) or liquid and gaseous sources. Combined heat and power (CHP) systems is an efficient application in industry. PHES includes solar thermal, biomass, biogas, and heat exchangers for heat recovery. Solar thermal heat applications are well suited across industrial sectors and for different temperature applications up to 400°C. System costs vary depending on the overall size and whether the system is integrated on the process or supply level. Biogas is mainly produced out of animal and plant-based materials, influencing the system layouts, respectively the overall costs. Solid biomass production and its industrial integration have significantly increased since 1990, mainly in the UK, Italy, Denmark, Belgium, and Poland. The costs depend on the size of the system and necessary components of the layout. Finally, energy efficiency is linked to the heat exchangers applied. Shell and tube heat exchangers dominate the market (>90% of installed heat exchangers). Specific costs of heat exchangers generally decrease with increasing power of the heat recovery. Download: Full report (pdf)


Comprehensive analysis of funding mechanisms

Deliverable 1.6

Summary: The report outlines availalbe programme funding opportunities and incentives for process heat efficiency and sustainability investments in Austria, Germany, Portugal, Sweden and Spain. Funding and support mechanisms cover: Tax incentives; Investment grants; Feed-in tariffs to enable renewable energy production; White certificates; Loans and guarantees; Green certificates; Contracting programmes; Energy audit financing/grants. In addition to these national instruments, some regional instruments are included.  Download: Full report (pdf)


Industrial supplier and end-user (owner) contract templates

Deliverables 3.4 and 3.5  

Summary: TrustEE established a Securitization Vehicle (SV) in order to re-finance EE/RE projects that have been successfully launched and commissioned. The SV allows TrustEE to puchase receivables from industrial suppliers, who can then design flexible project payment plans. The SV is financed by tradable securities offered to investors on the capital market. Investors are de-coupled from most technical risks as projects are already commissioned. This report summarises the contracts required between the stakeholders involved in this innovative re-financing method (the end-user, the supplier, TrustEE and the SV). A basic description and interrelations of the four different contracts are presented, including: (1) Consultancy Agreement between TrustEE and the SV, (2) Assignment agreement between supplier and the SV, (3) Framework agreement between the supplier and TrustEE and (4) EPC/ESC agreement between supplier and end-user. DownloadFull report (pdf)


Legal constitution of TrustEE

Deliverable 4.2   

Summary: For the legal constitution of TrustEE, REENAG has prepared with the help of a law firm in Luxemburg the statutes of a S.à.r.l. qualifying as a securitisation company (société de titrisation). The main content of the statutes is described briefly in this document. The statutes are ready for registering in Luxemburg. REENAG will order the registration at the Public Notary as soon as the start-up cost and the cost of operation for the first year can be covered.  DownloadFull report (pdf)


TrustEE Communication & Dissemination Plan

Deliverable 6.1   

Summary: Outlines the communication and dissemination goals, strategies, and approach throughout the 3-year project. DownloadFull report (pdf)



TrustEE Project Website

Deliverable 6.7   

Summary: The formal deliverable to the EU Commission for delivery of the project website. DownloadFull report (pdf)