Cooling as a Service (CaaS) Toolkit now available
Basel Agency for Sustainable Energy (BASE) have announced that the CaaS ToolKit is now available on the CaaS website, under the tools section. The tools include all the documentation required to communicate about the model to customers, as well as the CaaS contract, and the CaaS pricing model.
The CaaS contract was developed with the support of Vaccianna & Whittingham Attorneys at Law, in collaboration with a reputable U.K-based law firm. Inputs from a renowned international accountancy firm were also included as to ensure the contract accounts for key elements of IFRS16’s accounting standard to be treated as an off-balance contract. The contract reliably balances the rights and obligations of the service provider and the client.
“The CaaS team is greatly thankful to all the people who dedicated time and effort into its development,” said Thomas Motmans, Sustainable Energy Finance Specialist at BASE. “It trusts that the contract addresses the needs of the market and provides great value to businesses, society and the environment by creating a sound structure to implement the Servitisation model, applied to the cooling industry in this case.”
The CaaS pricing model was delivered in close collaboration with the Global Innovation Lab for Climate Finance, who endorsed the model in 2019 as one of the most innovative business models to accelerate the transition to Energy Efficient Cooling on the market. Similarly to the CaaS contract, the team thoroughly stress-tested the model with real-case projects in various parts of the world and industries, which enabled them to accurately incorporate key requirements from the market and stakeholders. The BASE team particularly thanks Leigh Madeira (Manager of Climate Finance) and Morgan Richmond (Climate Finance Analyst) from The Lab who supported BASE in yielding a model which rightfully represents the value of servitisation for the cooling industry.
“Releasing the CaaS contract and pricing model to the market will enable companies to implement Cooling as a Service without the hurdle of having to create these tools from scratch, which can be expensive both in terms of time and cost to these companies. We look forward to seeing more real cases taking shape around the world,” said Motmans.