1. Environmental Defense Fund’s Investor Confidence Project New Jersey Clean Energy Program Energy Efficiency Committee May 16 th 2014

2. Breaking Down Barriers to EE Finance PerformanceRisk CreditRiskAssetRisk On-Bill Repayment Commercial PACE Green Banks Benchmarking Asset Labeling Disclosure Project Finance Long-term financing of projects based upon the projected cash flows of the project rather than the balance sheets of its sponsors.

3. Near-Term: Increase Deal-Flow Increase Confidence in Savings Reduce Transaction Costs Streamline Origination Process Develop Data to Manage Performance Attract Project Finance Investors Enable Portfolios and Securitization Long-Term: Reduce Performance Risk

4. How Do You Know What Your Getting?

5. BASELINING Existing Building Drawings Weather File Energy Usage Energy Rates Occupancy ICP Energy Performance Protocols SAVINGS Model File Calibration Data Bid Packages Certifications COMMISSION Cx Plan Cx Authority Test Procedures Facilities Req. OPERATIONS BMS Points Fault Plan Maintenance Plan MEASUREME M&V Model Regression Model Adjustments Impact Baseline Adjustments Cx

6. Investor Ready Energy Efficiency Simplify technical underwriting process Ensure projects follow industry best practices Increase confidence in project savings Quality Assurance Project Development

7. Investor Ready Energy Efficiency Building Owners Greater confidence in savings Access competitive financing Financial Markets Ensure performance risk is managed Create large pools of conforming projects Project Developers Connect projects to capital Manage performance risk Insurance Industry Underwrite performance risk Reduce transaction time and costs Energy Service Companies Increase deal flow by accessing channels Reduce engineering transaction costs Manage performance risk Technology Providers Common project taxonomy that crosses platforms Help your customers connect projects to investors Utilities / Capacity Markets Meet capacity and regulatory requirements Manage EM&V risk Programs and NGOs Link efforts to a marketplace of investors Develop a national market with common standards

8. Investor Confidence Project Roadmap Large Commercial – Larger Project (over $1MM), Whole-building retrofits – Large Commercial Update v1.1 Released June ‘13. Standard Commercial –Smaller projects (under $1MM), Lighter engineering requirements –V1 Released September 2013 Targeted Commercial –Single Measure or Non-Interactive Retrofits –Released January 2014 Multifamily (Targeted / Standard / Large) –Release April / May 2014

9. Open Energy Data can be freely used, shared and built-on by anyone, anywhere, for any purpose.

10. OPEN ENERGY DATA Initiative PHASE I - Residential Unsecured Energy Efficiency Loan Data 4 Programs / $103,649,269 Loan Volume / 11,479 Loans PHASE II – Expand Dataset / Open Energy Data Platform –Commercial / Multifamily / Single Family –Project / Building Details / Underwriting –Energy Efficiency Performance Energy Efficiency Loan Dashboard – Volume by Program

11. Next Steps for ICP Ally Network and Partnership –Expand Network of ICP Allies Project Developers Energy Efficiency Investors –Create alignment across Public Energy Efficiency Programs Commercial PACE / OBR Benchmarking Initiatives Market Transformation (Better Buildings / Arch 2030 / etc.) Open Energy Data –Expand platform to include additional datasets –Capture actuarial data associated with ICP protocols Investor Confidence Project - Europe –Developing sister international ICP for the EU and UK

12. Thank You to our ICP Ally Network www.EEperformance.org