HSB supports launch of eQuad – Europe’s first-in-kind online platform for energy efficiency projects
Specialist engineering and construction insurer HSB Engineering Insurance (HSB), part of Munich Re, is pleased to announce the early release of the eQuad platform, the latest step in its involvement with the Sustainable Energy Asset Evaluation and Optimisation Framework (SEAF) - the €1.7 million project funded by the European Commission to enable SMEs, providing energy efficiency and other energy-related services, to gain access to project finance.
eQuad is an online platform that automates the pre-finance phase of energy efficiency projects and connects them directly with investment from within the eQuad Investor Network, currently representing €1.2 billion of available project finance.
The SEAF consortium launched the early release of the eQuad online platform at the SEAF Investor Forum at the Palazzo Giureconsulti in Milan, Italy, on March 8th, 2017.
Led by Joule Assets Europe AB, SEAF gathers together expertise from HSB Engineering Insurance, the University of Manchester, and Verco from the UK, the Aristotle University of Thessaloniki, Greece, and Servizi Energia Ambiente S.r.l (SEASRL) from Aquila, Italy.
Paul Cullum, Product Development Manager at HSB Engineering Insurance, commented: "The launch of the platform allows any project owner involved in energy savings or services across Europe simple access to a full range of financial resources to help them with end-to-end project finance support. Insurance can play an important part in this process, offering greater certainty and security for banks, financiers and project managers. We are pleased to continue to support the SEAF initiative across Europe."