Econans provides a data analytics platform that enables banks to assess energy consumption and climate risks in buildings through detailed simulations and automated reporting. By offering personalized recommendations for energy efficiency improvements, the platform helps financial institutions guide property owners in optimizing renovations and achieving sustainability goals.
Funding
Funding not disclosed
Founders
Product
Problem
Financial institutions lack comprehensive tools to assess energy consumption and climate risks associated with buildings, hindering their ability to guide property owners toward sustainable renovations. Existing methods often require manual data collection and lack the granularity needed for accurate risk assessment and personalized recommendations.
Solution
Econans provides a data analytics platform that enables banks to evaluate the energy performance of buildings and associated climate risks through detailed simulations and automated reporting. The platform collects property data, behavioral data, and energy consumption estimates to generate personalized recommendations for energy efficiency improvements. These recommendations help property owners understand the impact of renovations on energy consumption, EPC ratings, costs, and climate impact. The platform also facilitates reporting and classification of CO2 emissions based on PCAF methodology, enabling banks to guide mortgage customers toward optimal energy-saving retrofits and generate required sustainability reports.
Target Audience
The primary target audience is banks and other financial institutions that need to assess energy consumption and climate risks in building portfolios and guide property owners toward sustainable renovations.
Features
- Advanced simulations to model the impact of renovations on energy consumption, EPC rating, costs, break-even point, and climate impact.
- Automated data collection, including property data, behavioral data, energy consumption estimation, and climate risk data.
- Reporting and classification of CO2 emissions based on PCAF methodology and guidelines.
- Personalized recommendations for energy efficiency improvements.
- White-label option for integration into existing banking platforms.