European Energy Efficiency Fund –is managed by Deutsche Bank and it invests directly into projects. EEEF provides market-based financing for commercially viable public energy efficiency, renewable energy and clean urban transport projects. Beneficiaries of the Fund are municipal, local and regional authorities as well as public and private entities acting on behalf of those authorities, such as local energy utilities, Energy Service Companies (ESCOs), district heating combined heat and power (CHP) companies or public transport providers.