Energy Services Companies (ESCOs)

Energy Services Companies (ESCOs) are specialized firms that develop and implement energy-saving projects for buildings or facilities. They analyze energy use, identify improvements, and install systems like better lighting, insulation, or HVAC. The key feature is that ESCOs often finance the upgrades, and the cost savings on energy bills help cover the expense. This arrangement allows clients to improve efficiency without upfront costs, making energy savings a shared benefit. ESCOs focus on making facilities more energy-efficient, environmentally friendly, and cost-effective over the long term.