EIB launches EEQuest – the Energy Efficiency Quick Estimator developed by adelphi

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The European Investment Bank launched the Energy Efficiency Quick Estimator (EEQuest) – an online tool developed by adelphi to estimate the savings potential of about 20 standard energy efficiency measures.

Based on limited user input, the tool provides a rough estimate on energy, cost, and CO2 equivalent savings that can result from measures in buildings and industry. Users such as bank sales staff, companies, and individuals can access the tool free of charge and without registration, and can draw on it to obtain estimates for their projects across the European Union. Estimation results can also be downloaded as a pdf summary, which can support application and documentation for financing.

The EEQuest tool serves two key goals: On the one hand, it aims to automate, to an extent, the process of loan appraisal at the bank staff’s side, and thus bring down transaction costs. The energy savings estimation embedded in the tool is particularly relevant in this respect, since projects with smaller investment volumes often do not go along with required energy savings documentation. On the other hand, the tool aims to support financial intermediaries in marketing dedicated energy efficiency finance and raise awareness by giving their staff and their clients the possibility to identify the energy savings potential of standard projects and technologies.