REEValue

Project Description

The REEValue project aims to foster collaborations among businesses operating within specific industries, with the primary objective of identifying and implementing energy efficiency (EE) and renewable energy (RES) opportunities. This initiative involves gathering up-to-date technical information on EE, RES, and collaboration models, aligning this data with available financial support mechanisms, and translating it into easily understandable resources for businesses. Through a comprehensive study, the project seeks to evaluate the impact of such collaborations on EE and RES adoption.

 

Implementations

  • Two online diagnostic and matching tools will be developed to facilitate businesses in finding financing measures for Energy Efficiency (EE), Renewable Energy Sources (RES), and value-chain collaboration projects.
  • 3-month mentoring sessions will be organized aimed at supporting businesses in developing value-chain collaborations.
  • Trained and experienced green mentors will be assigned to lead these sessions.
  • A comprehensive report analyzing project achievements will be compiled and published.
  • Detailed insights on energy savings potential, required investments, and barriers to overcome for each model outlined in the report will be provided.

Project Outcome

The REEValue project aims to facilitate collaborations among businesses, increasing knowledge sharing and resource utilization within targeted industries. This initiative is expected to result in a notable uptick in the adoption of energy-efficient practices and renewable energy solutions among participating companies, contributing to reduced energy consumption and environmental impact. Additionally, businesses are anticipated to gain improved access to financing options tailored to their EE, RES, and collaboration projects, thereby enhancing their ability to implement sustainable initiatives. Through planned mentorship sessions and knowledge dissemination efforts, the project aims to strengthen the capacity of businesses to engage in value-chain collaborations effectively, paving the way for continued progress in sustainable energy practices across Europe.

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Project Duration

Starting date: November 2023

End Date:  October 2026

Total Duration: 36 Months

Budget Allocated: € 1,616,777.82 between 9 project partners.

Energy and Water Agency (Malta): € 197,474.44

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