Download or read book A Review of the Energy Service Company ESCO Industry in the United States written by Richard D. Cudahy and published by . This book was released on 1996 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Review of U S ESCO Industry Market Trends written by and published by . This book was released on 2003 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article summarizes a comprehensive empirical analysis of U.S. Energy Service Company (ESCO) industry trends and performance. We employ two parallel analytical approaches: a comprehensive survey of firms to estimate total industry size and a database of (almost equal to)1500 ESCO projects, from which we report target markets and typical project characteristics, energy savings and customer economics. We estimate that industry investment for energy-efficiency related services reached US $2 billion in 2000 following a decade of strong growth. ESCO activity is concentrated in states with high economic activity and strong policy support. Typical projects save 150-200 MJ/m2/year and are cost-effective with median benefit/cost ratios of 1.6 and 2.1 for institutional and private sector projects. The median simple payback time is 7 years among institutional customers; 3 years is typical in the private sector. Reliance on DSM incentives has decreased since 1995. Preliminary evidence suggests that state enabling policies have boosted the industry in medium-sized states. ESCOs have proven resilient in the face of restructuring and will probably shift toward selling ''energy solutions, '' with energy efficiency part of a package. We conclude that a private sector energy-efficiency services industry that targets large commercial and industrial customers is viable and self-sustaining with appropriate policy support both financial and non-financial.
Download or read book A Survey of the U S ESCO Industry written by and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In this study, LBNL analyzes the current size of the Energy Service Company (ESCO) industry, industry growth projections to 2011, and market trends in order to provide policymakers with a more indepth understanding of energy efficiency activity among private sector firms. We draw heavily on information from interviews with ESCOs conducted from October 2009 to February 2010 and from our review of publicly available financial information regarding individual ESCOs. A significant ramp-up in energy efficiency activities is occurring at the local, state, and federal level. These activities include the establishment in (almost equal to)18 states of statewide energy savings goals to be obtained from adoption of an Energy Efficiency Resource Standard (EERS), legislative or state regulatory directives to obtain all cost-effective demand-side resources (Barbose et al 2009), and a significant increase in federal funding for energy efficiency programs as part of the American Recovery and Reinvestment Act (ARRA). As part of this increased focus on energy efficiency, policymakers are evaluating the role of private sector companies, including ESCOs, in delivering cost-effective energy savings to end-users. The U.S. ESCO industry has long been recognized for its role in successfully delivering comprehensive energy projects in the public sector. This study analyzes the current size of the ESCO industry, industry growth projections, and market trends in order to provide policymakers with a more in-depth understanding of energy efficiency activity among private sector firms. This study may also be of interest to policymakers abroad who are exploring options to encourage development of a private-sector energy services industry in their own countries. This study draws heavily on information from interviews with ESCOs conducted from October 2009 to February 2010 and is part of a series of ESCO industry reports prepared by Lawrence Berkeley National Laboratory (LBNL) in collaboration with the National Association of Energy Services Companies (NAESCO). The analysis builds on previous ESCO industry reports (see Goldman et al. 2005 and Hopper et al. 2007) and provides updated estimates of ESCO industry revenues and ESCO views on perceived trends in costs and savings.
Download or read book U S Energy Service Company ESCO Industry written by and published by . This book was released on 2016 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study presents an analysis of the market size, growth projections and industry trends of the U.S. Energy Service Company (ESCO) industry, drawing on information provided by ESCO executives in late 2015. We define ESCOs as energy service companies for whom performance-based contracting is a core business offering. We identified forty-seven firms that met our definition of an ESCO. 1 Forty-three of these companies responded to our requests for information, representing a 91% response rate. 2 We also report 2014 ESCO industry revenues by market segment, region and business activity type, and for new versus existing customers. Finally, we report on use of tax incentives and financing tools, and incorporation of non-energy benefits into performance-based project economics. We summarize key findings below.
Download or read book U S Energy Service Company Industry written by and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. energy service company (ESCO) industry is an example of a private sector business model where energy savings are delivered to customers primarily through the use of performance-based contracts. This study was conceived as a snapshot of the ESCO industry prior to the economic slowdown and the introduction of federal stimulus funding mandated by enactment of the American Recovery and Reinvestment Act of 2009 (ARRA). This study utilizes two parallel analytic approaches to characterize ESCO industry and market trends in the U.S.: (1) a?top-down? approach involving a survey of individual ESCOs to estimate aggregate industry activity and (2) a?bottom-up? analysis of a database of ~;;3,250 projects (representing over $8B in project investment) that reports market trends including installed EE retrofit strategies, project installation costs and savings, project payback times, and benefit-cost ratios over time. Despite the onset of a severe economic recession, the U.S. ESCO industry managed to grow at about 7percent per year between 2006 and 2008. ESCO industry revenues were about $4.1 billion in 2008 and ESCOs anticipate accelerated growth through 2011 (25percent per year). We found that 2,484 ESCO projects in our database generated ~;;$4.0 billion ($2009) in net, direct economic benefits to their customers. We estimate that the ESCO project database includes about 20percent of all U.S. ESCO market activity from 1990-2008. Assuming the net benefits per project are comparable for ESCO projects that are not included in the LBNL database, this would suggest that the ESCO industry has generated ~;;$23 billion in net direct economic benefits for customers at projects installed between 1990 and 2008. There is empirical evidence confirming that the industry is evolving by installing more comprehensive and complex measures?including onsite generation and measures to address deferred maintenance?but this evolution has significant implications for customer project economics, especially at K-12 schools. We found that the median simple payback time has increased from 1.9 to 3.2 years in private sector projects since the early-to-mid 1990s and from 5.2 to 10.5 years in public sector projects for the same time period.
Download or read book Current Size and Remaining Market Potential of the U S Energy Service Company Industry written by and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In this study, we analyze the market size, growth projections and industry trends in the U.S. ESCO industry, drawing on information from interviews with ESCO executives conducted in late 2012. We define ESCOs as energy service companies for whom performance -based contracting is a key business activity; 45 companies met our definition of an ESCO. We were able to interview 35 of these companies, which represents ~78% response rate. The non-respondent ESCOs were small companies in terms of revenue, representing about 2% of industry revenues.
Download or read book Financing Energy Efficiency written by Robert P. Taylor and published by World Bank Publications. This book was released on 2008-02-08 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: While energy efficiency projects could partly meet new energy demand more cheaply than new supplies, weak economic institutions in developing and transitional economies impede developing and financing energy efficiency retrofits. This book analyzes these difficulties, suggests a 3-part model for projectizing and financing energy efficiency retrofits, and presents thirteen case studies to illustrate the issues and principles involved.
Download or read book International ESCO Business Opportunities and Challenges written by and published by . This book was released on 1997 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recently, US energy service companies (ESCOs) have begun to actively explore markets outside the US. Despite the needs of many countries for ESCO involvement, ESCOs face many challenges (i.e., marketing, financial, institutional, political and cultural barriers). Consequently, most of these firms pursue international project opportunities very selectively due to the costs and risks associated with project development. Despite these barriers, some ESCOs view international work as a strategic expansion of their business, assuming that there will be adequate business in the future to repay them for their initial investment. In this paper, the authors present the findings from a recently completed study on the proposed development of an ESCO industry in Japan. The study was based on four sources of information: (1) a review of the published and unpublished literature on ESCOs; (2) interviews with 26 ESCOs in the US, the US Department of Energy, and the National Association of Energy Service Companies (NAESCO); (3) ESCO presentations at the October 1996 NAESCO meeting; and (4) informal discussions with ESCO experts in the US. They believe that the lessons learned in this study can be transferred or applied to other countries interested in developing an ESCO industry. While energy prices have remained relatively stable over the last several years in Japan and energy capacity is not perceived as a near-term problem, other ''market drivers'' necessary for the emergence of a successful and vibrant ESCO industry exist in Japan. Despite the presence of these market drivers, significant barriers to the successful development of an ESCO industry exist in Japan.
Download or read book Evolution of the U S Energy Service Company Industry written by and published by . This book was released on 2012 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. energy service company (ESCO) industry is an example of a private sector business model where energy savings are delivered to customers primarily through the use of performance-based contracts. This study was conceived as a snapshot of the ESCO industry prior to the economic slowdown and the introduction of federal stimulus funding mandated by enactment of the American Recovery and Reinvestment Act of 2009 (ARRA). This study utilizes two parallel analytic approaches to characterize ESCO industry and market trends in the U.S.: (1) a "top-down" approach involving a survey of individual ESCOs to estimate aggregate industry activity and (2) a "bottom-up" analysis of a database of -3,265 projects (representing over $8B in project investment) that reports market trends including installed EE retrofit strategies, project installation costs and savings, project payback times, and benefit-cost ratios over time. Despite the onset of an economic recession, the U.S. ESCO industry managed to grow at about 7% per year between 2006 and 2008. ESCO industry revenues are relatively small compared to total U.S. energy expenditures (about $4.1 billion in 2008), but ESCOs anticipated accelerated growth through 2011 (25% per year). We found that 2,484 ESCO projects in our database generated -$4.0 billion ($2009) in net, direct economic benefits to their customers. We estimate that the ESCO project database includes about 20% of all U.S. ESCO market activity from 1990-2008. Assuming the net benefits per project are comparable for ESCO projects that are not included in the LBNL database, this would suggest that the ESCO industry has generated -$23 billion in net direct economic benefits for customers at projects installed between 1990 and 2008. We found that nearly 85% of all public and institutional projects met or exceeded the guaranteed level of savings. We estimated that a typical ESCO project generated $1.5 dollars of direct benefits for every dollar of customer investment. There is empirical evidence confirming that the industry is responding to customer demand by installing more comprehensive and complex measures--including onsite generation and measures to address deferred maintenance--but this evolution has significant implications for customer project economics, especially at K-12 schools. We found that the median simple payback time has increased from 1.9 to 3.2 years in private sector projects since the early-to-mid 1990s and from 5.2 to 10.5 years in public sector projects for the same time period.
Download or read book U S Energy Service Companies written by Dennis H. Pip and published by Nova Science Publishers. This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. energy service company (ESCO) industry is an example of a private sector business model where energy savings are delivered to customers primarily through the use of performance-based contracts. ESCO has largely been a successful model for the cost-effective delivery of energy-efficient technologies and services to public/institutional sector customers. This book analyzes the market size, growth projections and industry trends in ESCO, drawing on information from interviews with ESCO executives conducted in late 2012. It also provides a preliminary estimate of remaining ESCO market potential in terms of the onetime project investment potential and annual blended energy savings remaining in U.S. buildings typically addressed by ESCOs, based on market penetration estimates provided by ESCOs and industry experts. The book reports the range of impacts of the U.S. economic recession on ESCOs' state and local institutional projects and their use of incentives, tax credits, and financing mechanisms.
Download or read book Public Procurement of Energy Efficiency Services written by Jas Singh and published by World Bank Publications. This book was released on 2009-12-17 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current universal concerns about global energy security, competitiveness, and environmental protection make energy efficiency more important than ever. However, realizing large-scale savings has proven a significant challenge due to many barriers. 'Public Procurement of Energy Efficiency Services' looks at a largely untapped energy efficiency market the public sector. While the efficiency potential in this sector is substantial, the implementation of energy savings programs has been complicated by a number of factors, such as insufficient incentives to lower energy costs, rigid budgeting and procurement procedures, and limited access to financing. The book looks at energy savings performance contracts (ESPCs) as a means of overcoming some of these barriers. Because public facilities can outsource the full project cycle to a commercial service provider, ESPCs can enable public agencies to solicit technical solutions, mobilize commercial financing, and assign performance risk to third parties, allowing the agency to pay from a project s actual energy savings. The recommendations in this book stem from case studies that identified approaches, models, and specific solutions to ESPC procurement, including budgeting, energy audits, and bid evaluation. Such an approach also offers enormous potential to bundle, finance, and implement energy efficiency projects on a larger scale in the public sector, which can yield further economies of scale. ESPCs can also serve as an attractive element for fiscal stimulus packages and efforts by governments to 'green' their infrastructure, which can create local jobs, reduce future operating costs, and mitigate their carbon footprint. Lower energy bills, in turn, help to create fiscal space in future years to meet other critical investment priorities. Bundled public sector energy efficiency projects can help stimulate local markets for energy efficiency goods and services and 'lead by example', demonstrating good practices and providing models to the private sector.
Download or read book ESCOs Around the World written by Shirley J. Hansen and published by CRC Press. This book was released on 2020-12-17 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an insightful assessment of today's ESCO (energy services) industry around the world. Analyzing current trends, the volume discusses opportunities and problems of the ESCO industry in each country. It includes significant contributions by Pierre Langlois and Paolo Bertoldi. The author and contributors have reached into the far corners of the world to get trusted colleagues to tell the story of the energy services industry's development in their respective countries, and in their own words. Chapters cover selected countries from Western Europe, Eastern Europe, Africa, the Middle East, Asia, North America, South America, New Zealand and Australia, as well as the overall global picture.
Download or read book World ESCO Outlook written by Pierre Langlois and published by CRC Press. This book was released on 2020-12-17 with total page 523 pages. Available in PDF, EPUB and Kindle. Book excerpt: As country after country around the world embraces the idea of self-funding energy efficiency, an energy performance contracting (EPC) model emerges and then changes to meet local needs. World ESCO Outlook captures this rapidly changing landscape, and offers valuable insights into this fascinating and important industry. The authors have brought together the best of in-country experts from nearly 60 countries to share their knowledge and experience as to what makes EPC successful in their specific environments. In telling their story, they also reveal some exciting new overseas market opportunities, and provide the most complete picture available of today's ESCO world. EPC offers the tools and answers to get energy saving projects going. Energy efficiency is the most cost effective way to reduce pollution and, at the same time, make money. EPC brings these goals together by making future energy savings available now to meet energy and environmental needs with guaranteed results.
Download or read book Transition Towards 100 Renewable Energy written by Ali Sayigh and published by Springer. This book was released on 2018-01-29 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains selected papers presented during technical and plenary sessions at the World Renewable Energy Congress, the world’s premier conference on renewable energy and sustainable development. All papers were rigorously peer reviewed.The Congress, held at Murdoch University in Perth, Western Australia from February 5 -9, 2017, with the theme of “Transition Towards 100% Renewable Energy”, featured keynote speakers and parallel technical sessions highlighting technical, policy, and investment progress towards achieving 100% renewable energy ranging in scale from households to cities to large regions, with a focus on the challenges and opportunities transforming the global energy systems. The book highlights contributions from thought leaders involved in the supply, distribution, consumption, and development of sustainable energy sources.
Download or read book Assessing U S ESCO Industry Performance and Market Trends written by and published by . This book was released on 2002 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Energy Services Company (ESCO) industry is often cited as the most successful model for the private sector delivery of energy-efficiency services. This study documents actual performance of the ESCO industry in order to provide policymakers and investors with objective informative and customers with a resource for benchmarking proposed projects relative to industry performance. We have assembled a database of nearly 1500 case studies of energy-efficiency projects - the most comprehensive data set of the U.S. ESCO industry available. These projects include $2.55B of work completed by 51 ESCOs and span much of the history of this industry.
Download or read book The Energy Services Company ESCO Industry written by David S. Dayton and published by . This book was released on 1998 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
