ESCo models – GeneralIEA-SHC TECH SHEET 45.C.2.1
April 2015 - PDF 0.74MB
ESCos are companies that provide a full range of energy services with repayment in generated savings. They offer a complete package, from design, finance and installation to operation, including maintenance and fuel supply.
Energy service companies (ESCos) could be a way to increase the uptake rate of large scale solar heat projects in larger buildings in the public and private sector.
Since the type of ESCo for delivering renewables is relatively rare, this approach is poorly understood. Thus, the project will analyze issues central to ESCo establishment, such as investment models, contracts and other relevant issues with regard to which information is limited and dispersed in the EU and worldwide. This work will also deepen our understanding of the hurdles which ESCos are faced with and will provide information on ways of overcoming such hurdles in practice.
At the moment, the perceived risks and uncertainty decrease the prospect for switching to sustainable methods of either generating or using renewable energy. It is envisaged that by managing these risks, the ESCos of this kind will bring about a change in the perceptions of potential recipients.