RETScreen Wins REEEP Funding for new MTV Tool

The Vienna-based Renewable Energy and Energy Efficiency Partnership (REEEP) announced on May 8, 2009 the winners of its 7th project funding cycle. In a highly competitive process, 49 projects in 25 countries were selected for funding out of a total of 694 project concepts received from around the world.

We are pleased to inform you that CanmetENERGY's RETScreen International has won funding from REEEP in this round to develop a new Monitoring, Targeting, and Verification (MTV) tool for RETScreen. A comprehensive MTV tool will be incorporated into the next major release of RETScreen (Version 5) that will be developed over the next few years. A monitoring, targeting, and verification tool is an important part of energy efficiency analysis, essential to ensuring the most efficient functioning of energy efficiency projects. Implementing such capabilities into RETScreen will help a user understand how energy is consumed in an organisation and the opportunities available to save energy, and achieve cost savings, greenhouse gas emissions reductions, and the expansion of markets for energy efficiency projects.