Analysis of building energy upgrade technologies for implementing the dual energy efficiency and demand response scheme for non-residential buildings

Abstract

The continuous growth of renewable energy and the transition to a more de-centralised electricity generation adds significant complexity to balance power supply and demand in the grid. These imbalances are partially compensated by demand response programs, which represent a new business opportunity in the building sector, especially for ESCOs. Including demand response to their traditional energy efficiency-based business model adds an additional revenue stream that could potentially shorten payback periods of energy renovation projects. This paper introduces this new dual-services business model, and evaluates the potential suitability of HVAC, generation and storage technologies to ensure proposed energy efficiency and flexibility goals.