Lab proponent BASE has announced the winners of the CaaS incubator, which aims to help organizations implement the innovative and disruptive Cooling-as-a-Service (CaaS) model, endorsed in 2019 by the Global Innovation Lab for Climate Finance. Applications for CaaS incubator projects were due 14 February. BASE received an enthusiastic response from around the world, and five have been selected to receive free support from BASE. Learn more about the five winners that will implement CaaS in their business lines: GrupoClima, CoolingTech, BGH, KoolBoks and CoolCrops here: Meet the Caas Incubator project winners. The full announcement form BASE is below.

—

Basel, Switzerland (3 March 2020) – Five technology providers from around the world have been selected to pilot the innovative business model.

Following its recent global call for proposals for its CaaS incubator program, BASE has received 35 applications from 18 countries, representing a variety of cooling applications and technologies. From these 35 applications from around the world, the CaaS team has chosen the five technology providers that will pilot the first CaaS projects.

“We are delighted to see so much interest from technology providers to implement the CaaS model,” said Thomas Motmans, Sustainable Energy Finance Specialist at BASE.

The five winners will receive free support from BASE to integrate CaaS into the business models for their systems. This will include assistance on technical, legal and financial aspects, including contractual arrangements, pricing strategy, financial structuring, risk­­ mitigation mechanisms, among others. At the end of the incubator program, the aim is to have providers fully equipped to launch their first demonstration project.

We invite you to meet the five winners that will implement Cooling as a Service into their business lines: BGH (Argentina), CoolCrop (India), CoolingTech (Grenada), GrupoClima (Costa Rica), and KoolBoks (Nigeria).