What’s an ESCO?

According to the Directive 2006/32 / EC of the European Parliament an Energy Services Company (ESCO) “is a natural or legal person that provides energy services or energy efficiency improvement services in the facilities or premises of a user and faces some degree of financial risk in doing so. The payment of the services rendered will be based (in part or totally) on obtaining improvements in energy efficiency and on the fulfillment of the other agreed performance requirements ”.

ESCOs have the ultimate goal of saving energy, which results in savings both economically and in CO2 emissions. Its activity focuses on the design and implementation of projects that guarantee efficient energy management, making an economic commitment to results. In addition, they are specialists in monitoring, measuring and controlling energy expenditure and verifying the level of savings generated after the start-up of each project.

advantages

  • The ESCO manages all relationships with engineering companies, suppliers, installers … simplifying the client’s procedures.

  • The project is financed with the savings achieved.

  • The savings are higher than those that would be obtained if the client implements the solutions alone.

  • Reduced risk: the ESCO assumes the risk of not achieving the savings it has guaranteed.

  • The ESCO eliminates the problem of investment priority.

  • The Esco increases the value of properties.

  • The Esco promotes saving, energy efficiency and the modernization of facilities.