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Sign upJune 15, 2021
Coop
Oslo
In 2021, Coop, one of Norway’s largest food retailers, faced the challenge of reducing the energy consumption and emissions from its aging refrigeration systems - crucial for preserving perishable goods. These systems were inefficient, costly to operate, and no longer aligned with Coop’s sustainability goals. However, replacing them required significant capital, which Coop aimed to avoid.
To tackle this, Coop partnered with Aneo Retail and Danfoss to implement an innovative Cooling as-
a-Service (CaaS) business model. Instead of purchasing expensive new refrigeration systems
outright, Coop opted for a monthly fee based on actual energy consumption. This capital-free model
allowed Coop to modernise its refrigeration without the need for significant initial investment.
As part of the CaaS solution, Aneo Retail financed and installed new, refrigeration systems across 10 Coop store locations, whilst Danfoss provided their expertise in
controls and IoT services for the refrigeration systems
The total system CAPEX was €0 for Coop and €5 million for Danfoss. Changes in electricity consumption enabled a 40% reduction in OPEX for Coop. Estimated annual savings of €234,000. The CO₂-based refrigeration systems help avoid 1,650 tonnes of CO₂ emissions annually. The new systems reduced overall energy consumption by 50% across 10 shop locations, saving 3 million kWh of energy per year.
Cooling as a Service (CaaS) is an innovative business model that enables end-users to access clean and efficient cooling solutions without the need of an upfront investment. This servitization model addresses the key market barriers that hinder the adoption of sustainable cooling by allowing customers to pay for the service consumed, on a fixed-fee-per-unit basis. Meanwhile, the ownership of the system remains with the technology provider, who is responsible for all operation costs. Through its CaaS initiative, the Basel Agency for Sustainable Energy (BASE), with support from the Kigali Cooling Efficiency Program (K-CEP) and with the endorsement of the Global Innovation Lab for Climate Finance, has accelerated the adoption of the business model around the world in a variety of sectors and industries, from industrial refrigeration and commercial air-conditioning to agricultural and medical cold chains.
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