An Energy Service Company or ESCO offers clients a reduction in energy costs generally by upfront expenses being capitalised and the resultant cost savings being shared with the client. The energy performance contract or shared savings contract is the tool used to accomplish this deal. Services offered by the company can range from financing, education services and equipment leasing to design and installation, project management and maintenance, verification and auditing. ESCOs are vital to sustainability as they assist companies that otherwise would not be in a position to afford the initial investments towards becoming more profitable, efficient and reducing their environmental footprints.
Energy Service Company
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