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Smart Energy Services and Regulatory Innovation


SME Programme for Energy Efficiency through Delivery and Implementation of Energy Audits

Problem statement
SMEs account for 13% of energy consumption across the EU yet only 25% have undertaken an energy audit, citing a range of barriers including lack of time, resources, in-house expertise, finance and the low priority nature of energy efficiency compared to other business needs.

Project Objectives

• Facilitate a one-stop-shop, outsourced energy management service for energy auditing and implementation of resulting Energy Conservation Measures (ECMs).

• Demonstrate how a self financing mechanism can be used to drive investment in ECMs through establishing a revolving fund.

• Enhance the energy culture among SMEs.

• Demonstrate the SPEEDIER Service as an innovative tool for enhancing uptake of energy auditing.

• Increase the skills of market stakeholders to allow long-term delivery of the SPEEDIER Service


• Enhanced awareness of the wider benefits of energy auditing among SMEs.

• An increase in the proportion of SMEs that have undertaken an energy audit and implemented energy saving measures.

• An increase in the amount of private investment in energy efficiency measures and building retrofits.

• Improved policy measures that promote the use of one-stop-shop energy management solutions that incorporate self financing mechanisms.

• Create a sustainable market for outsourced energy efficiency services that is trusted by SMEs.

Impacts of Research

•96 SMEs supported to undertake an energy audit and implement recommended ECMs by investing €1463k.

• Total savings of approximately 9.5 GWh/year primary energy and 2850 tCO2/year.

• Training of 50 SPEEDIER Experts to deliver the service and 40 SPEEDIER Trainers to train others to deliver the service in the long-term.

• A validated framework for running self financing outsourced energy management program.


IERC Researchers: Ruchi Agrawal, Pádraig Lyons, Lorena Sanchez-Relano

Data analytics, digitalisation and ICT integration
Decarbonisation of SMEs and the industrial sector
Energy policy innovation
Innovative business models as well as regulatory and policy options for the low carbon energy economy