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Finnish commercial ground heat projects typically have six to seven year paybacks.
“Usually, you know, the payback times for these are six to seven years.”
Ground heat projects are significantly more profitable than district heating.
“The ground heat projects are actually much more profitable than the district heating projects.”
Small-scale clean energy financing is highly underserved by traditional capital.
“But from there, I know from very sort of personal experience, how difficult it is to raise capital. For these small size asset financing. I mean, this is a very challenging area. So meaning that the, it's an underserved market. And because if you look at sort …”
Action Energy aims to raise a 10 to 15 million euro SPV.
“In the first, we first want to do sort of more like a carve out. So so 10 to fifty million euros. So so depending how much sort of debt leverage we can bring to that. So, so depends what's the absolute project value, but we aiming to raise about 10 to fifteen …”
Action Energy funds clean energy by owning projects and selling heat.
“No, actually it's not lending.
We become the project owners.
So, so, so we're going to be investing in the projects.
the buyer is going to make a subscription agreement with us.
So it's going to be buying heat as a service, energy efficiency as a service.”
Action Energy has 200 registered companies evenly split across its marketplace.
“We have about 200, 200, so hundred and hundred. So hundreds providers, about hundred registered housing companies.”
Twenty to thirty housing companies have launched projects on Action Energy.
“So about 20 or 30 housing companies.”
Action Energy projects range from tens of thousands to millions of euros
“It can be very small projects. I mean, sort of more like consulting, consulting related, sort of planning related. So this could be some tens of thousands of euros. So roughly about the same, the USD, or, you know, it goes up to a couple of millions. I mean, w…”
Action Energy processed hundreds of thousands of euros since fall 2023.
“Well, we have just launched this now this fall. So we are in the early stages of this. So what would I say? You know, this is in some hundreds of thousands of euros at the moment.”
Teppo: Action Energy is fully bootstrapped by choice
“We bootstrapping. I mean, this is a choice that we wanted to make.”
Action Energy charges providers 29 euros monthly to bid on projects.
“The monthly is, is 29 euros a month to register. So, so actually you can register for free, but if you want to bid on a project, so you need to be, so you need to be paying the SAS fee.”
Teppo regrets stepping away from Chinese business ventures after the 1990s.
“The, I spent a lot of time in the nineties, you know, when it wasn't popular, I spent a lot of time in, in China, then got sort of a bit sort of burned by it. Started doing other things. So I wish I would have stuck a bit more with the Chinese business.”