- energy service company
- energy service company
A company that offers to reduce a client's energy costs, often by
capitalizing the upfront expenditures and sharing the resulting future cost
savings with the client. This is typically accomplished through the use of an
energy-performance contract (EPC) or a shared-savings agreement.
ESCOs may offer any of the following services: financing, design &
installation, project management, education services, equipment leasing,
maintenance, and verification & auditing. They originally established a
foothold under the regulated utility structures by helping large organizations
reduce energy consumption.
Also known as energy efficiency service providers , ESCOs are important to
sustainability in that they enable companies that normally could not afford the
upfront investment costs, to become more efficient, more profitable, and reduce
their environmental footprint. A true win-win-win if successfully
implemented.
source: http://www.sustainabilitydictionary.com/
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