An ESCO is . . .
The Directive 2006/32/EC of the European Parliament and of the Council defines the Energy Services Company (ESCO) “as a natural or legal person that provides energy services or energy efficiency improvement services at a user’s premises or facilities and bears a certain degree of economic risk in doing so. Payment for the services provided will be based (in part or in whole) on the achievement of energy efficiency improvements and compliance with other agreed performance requirements”.
ESCOs have the ultimate goal of saving energy, resulting in both economic and CO2 emissions savings. Their activity focuses on the design and implementation of projects that guarantee efficient energy management, and they are financially committed to the results. In addition, they are specialists in monitoring, measuring and controlling energy expenditure and verifying the level of savings generated after the implementation of each project.