Cooling as a Service is an initiative led by BASE, along with the Clean Cooling Collaborative (formerly 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 recapitalise technology providers,” said Daniel Magallón, Managing Director of BASE.
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 us in our mission to deliver clean and efficient cooling to the world. The application deadline is 14 February 2020, and the winners will be announced 28 February 2020. Please apply through the CaaS website; we are looking forward to receiving your request!
For more information on CaaS, visit the CaaS Initiative website or the Global Labs’s project page.
