CHICAGO, IL-CapX Partners Monday announced the launch of its online Energy Conservation and Performance (E-CAP) platform, a tool to help building owners, contractors and engineers secure financing for their energy savings projects. Partnering with energy insurer Energi, the E-CAP platform will incorporate Energi's expertise in energy efficiency into the online underwriting process, helping to accurately securitize energy savings and protect project guarantees.

The E-CAP process will provide contractors with turnkey access to best practices and leading performance guarantees and financing solutions. At first, E-CAP will enable qualified contractors to identify efficiency projects, as well as bid for them on the Honest Buildings network. The platform will provide development memorandums, credit applications and project implementation plans to facilitate the development process, then offers users turnkey performance insurance and financing options.

“Insurance products such as those offered by Energi aren't typically purchased by investors,” says Eric Starr, partner, CapX Partners. “However, obtainment of insurance can alter the risk-return profile of an alternative energy investment enough to encourage an otherwise-unwilling investor to get involved.”