RetroKit Energy Upscaling Technology

Gallery RetroKit Energy Upscaling Technology 1
Gallery RetroKit Energy Upscaling Technology 1
June 2020
Headquarters 18, Ballinglanna, Ballinglanna Holiday Homes, Co. Cork, P85 PD37, Ireland
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RetroKit Energy Upscaling Technology - RetroKit is a digital platform dedicated to upscaling energy retrofit in housing with evidence-based planning and efficient delivery.

RetroKit is a cloud-based digital platform dedicated to upscaling energy retrofit in housing as a key step to decarbonising Europe's energy system and eliminating fuel poverty.

RetroKit is a software solution addressing the needs of housing providers such as municipalities and housing cooperatives. It will help them make better investment decisions with artificial intelligence techniques and deliver their energy renovation projects more efficiently and cost-effectively. The vision is for RetroKit to become a European-wide digital one-stop-shop platform for energy retrofit, addressing the needs of all stakeholders along the value chain. RetroKit can reduce the time and cost required for retrofit project development by between 70% and 85%. It will reinforce the business case for energy retrofit by integrating co-benefits KPIs such as energy, CO2 taxation and maintenance savings (95% of investment) and indirect benefits (health, property valuation, GDP, etc.), shown to have a 140-170% ROI.

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Key features

  • By enabling the upscaling of energy retrofit in Irish housing to the national target of 500,000 by 2030, RetroKit will contribute to a 70% reduction in CO2 equ emissions, an increase in renewable energy penetration up to 55% and an eradication of coal use

Profitability

  • RetroKit will reduce the cost of developing an energy retrofit project by 70 to 85% (- €800 to - €1,300 per house) in terms of staff time and consultants' costs, leading to better investment decisions

Activity Region

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Europe

Ireland,

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  • Activity

The information set out above, is solely for the purposes of information and the Solar Impulse Foundation does not provide any guarantee as to its authenticity, completeness or accuracy. This information does not constitute investment advice or a recommendation to buy into, transact or to enter into any agreement with any of the parties or persons mentioned above. Potential investors or interested parties are solely responsible for their investment or business decisions and for performing any due diligence required by the circumstances.