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The continuous growth of renewable energy and the transition to a more de-centralised electricity generation adds significant complexity to balance power supply and demand in the grid. These imbalances are partially compensated by demand response programs, which represent a new business opportunity in the building sector, especially for ESCOs. Including demand response to their traditional energy efficiency-based business model adds an additional revenue stream that could potentially shorten payback periods of energy renovation projects. This paper introduces this new dual-services business model, and evaluates the potential suitability of HVAC, generation and storage technologies to ensure proposed energy efficiency and flexibility goals. ; This paper is part of a project that has received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement No 745594. This paper reflects only the author´s views and neither the Agency nor the Commission are responsible for any use that may be made of the information contained therein