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Sign upRetroKit Energy Upscaling Technology
An energy retrofit digital platform for social, cooperative and public housing portfolios
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RetroKit Energy Upscaling Technology
An energy retrofit digital platform for social, cooperative and public housing portfolios
Label Date
June 24, 2020
By
RetroKit Ltd
From
Ireland
Maturity stage
TRL 9 / CRI 2 - Commercial Trial Small Scale
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.
The Environmental Benefits
- •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
The Financial Benefits
- •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
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Company Profile
RetroKit Ltd
RetroKit is an Irish start-up dedicated to upscaling the energy renovation of housing in Europe with digital solutions.
Headquarters
J3CV+4Q Clonakilty, County Cork, Ireland
Type
Company
Networking Partner
The Enterprise Europe Network
The Enterprise Europe Network helps businesses innovate and grow on an international scale. It is the world’s largest support network for small and medium-sized enterprises (SMEs) with international ambitions.
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Enrupt
Based in Singapore, Enrupt drives collaborations between corporations and startups in the energy sector to build clean, decentralised digital solutions and transform the future of energy.
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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. The innovator RetroKit Ltd has asserted ownership of the intellectual property rights for images, videos, and content showcased above, affirming full and unrestricted usage rights, and has provided explicit permission for the Solar Impulse Foundation to publish such information designated as "public" in the application form.