Public and Institutional Markets for ESCO Services: ComparingPrograms, Practices and Prformance

Abstract

We would like to thank the following individuals and organizations that contributed valuable information on energy-efficiency projects and ESCO industry activity: Tatiana

Estimating customer electricity savings from projects installed by the U.S. ESCO industry

“…The U.S. energy service company (ESCO) industry has a well-established track record of delivering substantial energy and dollar savings in the public and institutional facilities sector, typically through the use of energy savings performance contracts (ESPC) (Larsen et al 2012;Goldman et al 2005;Hopper et al 2005, Stuart et al 2013. This ~$6.4 billion industry, which is expected to grow significantly over the next five years, may play an important role in achieving demand-side energy efficiency under local/state/federal environmental policy goals.…”

“…ESCOs have had the most success targeting customers in the public and institutional facilities sector, typically through the use of ESPCs (Larsen et al 2012;Goldman et al 2005;Hopper et al 2005, Stuart et al 2013. ESPCs allow public entities to implement equipment and facility upgrades to achieve energy and water savings with little or no up-front investment and offer another (often quicker) option than waiting for the appropriation of public funds (Bingaman et al 2014).…”

Current Size and Remaining Market Potential of the U.S. Energy Service Company Industry

“…28 See also Goldman et al 2000;Goldman et al 2002;Osborn et al 2002;Hopper et al 2005;Goldman et al 2005;and Bharvikar et al 2008. For detailed information about the content, structure and assumptions used in the database, see Larsen et al (2012a).…”

“…Six additional states have established statutory or regulatory requirements that utilities acquire "all cost effective" energy efficiency (Barbose et al 2013). In response to a 2011 presidential memorandum (Obama 2011 The energy service company (ESCO) industry has a well-established track record of delivering substantial energy and economic savings in the public and institutional buildings sector, typically through energy saving performance contracts (ESPC) (Larsen et al 2012a;Goldman et al 2005;Hopper et al 2005 Performance contracting provides a vehicle for implementing energy projects with little or no up-front capital costs, paying back the project installation and financing costs over time out of the energy and maintenance savings. Successfully-implemented ESPCs help customers cover retrofit costs using the dollar savings produced by the installed energy-saving measures over time.…”

A Survey of the U.S. ESCO Industry: Market Growth and Developmentfrom 2000 to 2006

“…This is part of a series of reports prepared by Lawrence Berkeley National Laboratory (LBNL) and the National Association of Energy Services Companies (NAESCO) with the goal of making information on ESCO market growth and development accessible to policymakers, ESCOs and other industry participants, and the broader energy efficiency community. Previous reports include Goldman et al (2002) and Hopper et al (2005).…”