- Retrofit energy efficiency calculator has been developed for banks, insurance companies and energy providers
- Solution shows UK homeowners the real net costs of home improvement projects after bill savings and grants
- It will also predict the impact of such projects on carbon emissions and house energy ratings
- Irish version, BERWOW, has had over 100,000 users and resulted in a 60% increase in retrofit conversion rates for SSE Airtricity
Gamma Risk, the property risk technology company, today announces that it is strengthening its UK presence with the launch of a retrofit calculator solution, EPCWOW.
The company – which has an office in Manchester and has previously rolled out other products in the UK market – is hoping to replicate the success it has had in its home market with BERWOW.
Since launching in 2020, the BERWOW application has enabled over 100,000 people across the country to explore retrofit projects, resulting in millions of euros being invested in residential retrofit. For SSE Airtricity alone, BERWOW has resulted in a 60% increase in retrofit conversion rates. Last year, AXA became the first insurance company offering the BERWOW tool to Irish homeowners, using it to support its new Go Green web platform.
EPCWOW: Innovating Home Upgrades in the UK
Specifically developed for the UK market, including Northern Ireland, EPCWOW is a new web tool which can be customised for each client and is particularly relevant for customers of banks, insurance companies and energy providers.
The white-label offering helps these organisations to better support their customer bases by enabling homeowners to understand both the financial and energy savings benefits of home upgrades. Furthermore, it enables these organisations to affect real change in their customers’ properties, reducing their Scope 3 CO² emission levels in the process. This results in the reduction of CO² emissions across properties and therefore improves the green credentials of providers.
To enable EPCWOW to calculate the energy efficiency of specific property types and potential cost savings for homeowners through selected retrofit measures, Gamma Risk has partnered with EPC specialist, Quidos.
Homeowners simply enter their property type details into the online platform, which prompts EPCWOW to suggest retrofit improvements based on the specific house type along with estimated costs, bill savings, grants, and other benefits. The user can then select and deselect measures until the desired bundle of upgrades is satisfactory and affordable.
The rollout of EPCWOW comes as Gamma rebrands as two entities, Gamma Risk and Gamma Labs. Gamma Risk assesses both physical and transitional risks to property assets for the entire UK and Ireland through the use of cutting-edge technology, operating the largest and most complete property risk database for the region. Gamma Risk will also aim to deliver innovative solutions – including EPCWOW – and data insights which enable businesses to make more sustainable business decisions, adapt operations to reduce CO² emissions and uphold compliance with regulatory requirements.
Empowering homeowners and supporting retrofit journeys
Commenting on the launch of the new service, Feargal O’Neill, CEO of Gamma Risk, said: “This is the first interactive energy calculation tool of its type in the UK market, regenerating net savings as different measures are selected. By simplifying complexity and delivering high-quality data insights through cutting-edge solutions, we can help businesses across the UK to enhance their customer experience and enable sustainability. Through EPCWOW specifically, this means empowering homeowners and supporting retrofit journeys.
“This solution will not only help to reduce carbon emissions and improve energy efficiency for individual properties but for society as a whole – driving towards a greener future and showing the future impact of current actions. It also allows the businesses involved to boost their standing from both a sustainability and profitability perspective.”
About Gamma Risk
Gamma Risk assesses both physical and transitional risks to property assets through the use of cutting-edge technology, operating the largest and most complete property risk database for the region. The company delivers innovative solutions – including EPCWOW – and data insights which enable businesses to make more sustainable business decisions, adapt operations to reduce CO2 emissions and uphold compliance with regulatory requirements.
