Definitions for ESCOs vary from country to country. ESCOs are usually differentiated from other f... more Definitions for ESCOs vary from country to country. ESCOs are usually differentiated from other firms that offer energy efficiency improvement or energy services , such as consulting firms and equipment contractors, by the concept of performance-based contracting, which means that the ESCO's payment is directly linked to the amount of energy saved (in physical or monetary terms). Energy services may include for instance energy audits, energy management, energy or equipment supply, provision of services such as space heating . ESCOs offer similar services as Energy Service Providing Companies (ESPCs). However, in contrast to them, they guarantee the savings and their remuneration is linked to the projects' performance. ESCOs may also provide or arrange financing. They usually offer the following services: they develop, design, and finance energy efficiency projects; install and maintain the energy efficient equipment involved; measure, monitor, and verify the project's energy savings; and assume the risk involved in the expected amount of energy savings. Therefore, they take financial, technical and other risks (Bertoldi et al 2006).
Definitions for ESCOs vary from country to country. ESCOs are usually differentiated from other f... more Definitions for ESCOs vary from country to country. ESCOs are usually differentiated from other firms that offer energy efficiency improvement or energy services , such as consulting firms and equipment contractors, by the concept of performance-based contracting, which means that the ESCO's payment is directly linked to the amount of energy saved (in physical or monetary terms). Energy services may include for instance energy audits, energy management, energy or equipment supply, provision of services such as space heating . ESCOs offer similar services as Energy Service Providing Companies (ESPCs). However, in contrast to them, they guarantee the savings and their remuneration is linked to the projects' performance. ESCOs may also provide or arrange financing. They usually offer the following services: they develop, design, and finance energy efficiency projects; install and maintain the energy efficient equipment involved; measure, monitor, and verify the project's energy savings; and assume the risk involved in the expected amount of energy savings. Therefore, they take financial, technical and other risks (Bertoldi et al 2006).
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