03 March 2020
Meet the five selected companies that will implement Cooling as a Service

Basel, Switzerland – Five technology providers from around the world have been selected to pilot the innovative business model.
Following its recent global call for proposals for its CaaS incubator program, BASE has received 35 applications from 18 countries, representing a variety of cooling applications and technologies. From these 35 applications from around the world, the CaaS team has chosen the five technology providers that will pilot the first CaaS projects.
We are delighted to see so much interest from technology providers to implement the CaaS model,” said Thomas Motmans, Sustainable Energy Finance Specialist at BASE.
The five winners will receive free support from BASE to integrate CaaS into the business models for their systems. This will include assistance on technical, legal and financial aspects, including contractual arrangements, pricing strategy, financial structuring, risk mitigation mechanisms, among others. At the end of the incubator program, the aim is to have providers fully equipped to launch their first demonstration project.

We invite you to meet the five winners that will implement Cooling as a Service into their business lines: BGH (Argentina), CoolCrop (India), CoolingTech (Grenada), GrupoClima (Costa Rica), and KoolBoks (Nigeria).

BGH (Argentina)

Grupo BGH boasts 106 years of innovation, development and commercialisation of cutting-edge technology products and services. It provides answers to the needs of businesses, public organisations and consumers across Latin America and Africa. The company has four business units: BGH Eco Smart develops energy efficiency and smart building solutions, integrating professional heating and air conditioning products and services; BGH Consumer manufactures consumer electronics; BGH Tech Partner develops digital transformation solutions for organisations; and, Positivo BGH manufactures, sells and distributes personal computers, laptops and tablets.

CoolCrop (India)

CoolCrop develops decentralised cold storage systems which can be owned and operated by farmers, farmer co-operatives, or entrepreneurs to store perishable produce immediately after harvest to reduce on-farm waste and distress sale during low-priced market conditions. It has also developed a price forecasting system in the form of a market analytics app which helps the farmers make better marketing decisions for their perishable crops. Integrating these technologies with renewable energy technologies especially solar powering systems is CoolCrop’s domain expertise.
CoolingTech (Grenada)
Cooling Tech Ltd is a solutions provider and qualified dealer for Carrier commercial and residential air conditioning systems and refrigeration solutions in Grenada and throughout the wider Caribbean region. It designs, supplies, installs, services, repairs, replaces and commissions all sizes of air conditioning and refrigeration equipment to optimise the performance of its customers’ facilities, whether a single building or multiple sites. Its main focus is its state-of-the-art, high efficiency equipment and high-quality services driven by a commitment to provide energy efficient solutions while conforming to the Montreal Protocol’s “green” initiatives to protect the environment.

GrupoClima (Costa Rica)


Grupo Clima is a Costa Rican business group with over 50 years of experience in air conditioning, refrigeration, building automation systems and electromechanical installations. In these years, as one of the largest contractors in the region, Grupo Clima has participated in some of the most important projects of the Costa Rican economy. About 15 years ago, it started working on buildings that optimised controllability and comfort for the users. Nowadays, its service also focuses on energy-saving as providers of the latest technology and integrating building automation, involving HVAC, plumbing, electrical and other systems.


KoolkBoks (Nigeria)

Although global warming is more prevalent now than ever with record temperatures on all continents, Africa in particular broadly illustrates the negative impact this extreme heat poses for millions of people, especially low-income earners. Many Africans face significant risks because they lack electricity and therefore lack refrigeration and other forms of cooling which can protect food and vaccines. KoolBoks is a French company with a growing footprint in Nigeria. They are focused on democratising the way the world experiences cooling. The company’s goal is to develop ice cooling systems through research and development and make them affordable and accessible to those that need them the most.

The Cooling as a Service (CaaS) is an initiative led by BASE, along with the Kigali Cooling Efficiency Program (K-CEP), and with the endorsement of the Global Innovation Lab for Climate Finance. It aims to decrease energy consumption and greenhouse gas emissions (GHG) from cooling use through a pay-per-service model for more efficient cooling systems.

For more information on CaaS, visit the CaaS Initiative website, the BASE’s project page or the Global Labs’s project page

Source: https://www.caas-initiative.org/news/winners-of-the-caas-incubator/

We Will: Efficient, Climate-Friendly Cooling for All
Receive latest stories, news on efficient, climate-friendly cooling and join the movement!
Sign-up for email updates