The European Investment Bank Group (EIBG), the European Commission (EC), and the Solar Impulse Foundation (SIF) have launched a pilot initiative aimed at increasing energy efficiency investments for small and mid-sized enterprises (SMEs).
This initiative aligns with the EIB Group Strategic Roadmap 2024-2027, supporting sustainable development and economic resilience across Europe.
The program targets the EU’s binding goal of reducing energy consumption by 11.7% by 2030, contributing to the global ambition of doubling energy efficiency.
These efforts could cut energy costs by 30% and halve energy-related CO2 emissions. However, barriers such as high upfront costs and limited resources among SMEs slow the adoption of energy-efficient technologies.
Developed through market testing with fund managers, the initiative aims to attract investment platforms and funds.
It incorporates a “servitisation” model, enabling businesses to pay for energy outcomes—such as lighting or heating—rather than purchasing equipment outright. This approach minimises initial costs, making energy efficiency measures more accessible.
“Studies show that small and medium-sized businesses find it much harder to invest in energy efficiency than large companies,” said EIB Vice President Ambroise Fayolle.
“At the same time, SMEs generate about 60% of Europe’s emissions. Our initiative will support energy efficiency measures, contributing to a sustainable future.”
SIF, known for its “Solar Impulse Efficient Solution” label and its portfolio of over 1,600 clean technologies, will provide expertise and resources.
Bertrand Piccard, SIF Chairman, stated: “By introducing ‘efficiency-as-a-service’ models, we’re breaking financial barriers and accelerating the adoption of energy-efficient technologies.”
The EC supports the initiative through its InvestEU program. Ditte Juul Jørgensen, the Commission’s Director General for Energy, emphasised its importance in achieving climate goals and improving industrial competitiveness.
