RETScreen Strategic Plan

Empowering Cleaner Energy Decisions

Context:
Over the next 30 years the world will need to invest well-over $300 billion in pre-construction transaction costs for renewable energy, cogeneration and energy efficiency projects. Looking at just the category of commercial and institutional buildings in Canada, for example, it is estimated that roughly $5 billion would be required to fund energy audits of the 470,000 existing facilities. The time and cost required to prepare these studies are significant market barriers and can be reduced dramatically with RETScreen.

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Smart Project Identifier

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Financial Risk Assessor

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Performance Tracker

Virtual Energy Analyzer

RETScreen Expert:
To accelerate the breaking down of these critical barriers, NRCan is transforming the internationally recognized RETScreen software into a new expert decision intelligence software platform. This advanced analytical tool, called RETScreen Expert, will leverage a global database of project input parameters, an expert knowledge base of best practices and an intelligent decision engine to enable stakeholders to very quickly identify, assess, optimize and track the performance of clean energy investments over the entire project life cycle.

Rapidly determines the energy production and savings potential for any location in the world employing a five-star benchmark ranking system and without requiring a site visit.

Accurately identifies the best projects to be implemented at the facility and intelligently completes a pre-feasibility analysis for further refinements onsite.

Automatically assesses the financial risk of the proposed investment and systematically determines the sensitivity of key parameters on a projects viability.

Comprehensively measures and verifies the actual performance of implemented projects and helps find opportunities for further energy improvements at the facility.

Climate Data Benchmark Data Archetype Data Cost Data Product Data Financial Data Monitored Data

Projected Impact through 2022:

1 million software users worldwide $20 billion in direct user cost savings $100 billion of project investments 50 MT CO2/yr GHG emission reductions 20% of the above in Canada

www.retscreen.net
Managed by the CanmetENERGY Varennes Research Centre in collaboration with: