Cooling as a Service (CaaS) is an initiative led by BASE, along with the Kigali Cooling Efficiency Program (K-CEP), and with the endorsement of the Global Innovation Lab for Climate Finance. It aims to decrease energy consumption and greenhouse gas emissions (GHG) from cooling use through a pay-per-service model for more efficient cooling systems.
“CaaS is a promising financial instrument that works to overcome key market barriers to clean and efficient cooling, without upfront investment, with integrated financial tools to recapitalize technology providers,” said Daniel Magallón, Managing Director of BASE.
Efficient Air-Conditioning Or Refrigeration Solutions
To mainstream the model around the world, BASE is accepting applications for incubator projects from technology providers offering highly efficient air-conditioning or refrigeration solutions using low-global warming potential (GWP) or natural refrigerants.
From all the applicants, five companies will be selected to receive free support from BASE to integrate CaaS into their business lines. Selected companies will receive assistance on technical, legal and financial aspects to implement the CaaS model, such as contractual arrangement, pricing strategy, and financial structuring, including risk mitigation mechanisms, among others.
Join the mission to deliver clean and efficient cooling to the world. The application deadline is February 14, 2020, and the winners will be announced on February 28, 2020. One can apply through the CaaS website.