Setting up Energy Services

Introduction

Energy Services Companies (ESCos) are a way of providing renewable energy that can be faster, more focused and more flexible than alternative arrangements.

An ESCo is a vehicle for renewable energy schemes that reduces commercial risk and can be tailored to local circumstances. They are suitable for a wide range of technologies, from combined heat and power in residential or commercial buildings, to CO2 reduction through energy efficiency measures.

There is no standard ESCo model. An ESCo often comprises a number of private and public sector partners, as well as local residents, who come together to deliver a range of integrated energy services.

An ESCo can be faster and more focused because it is purpose driven – its primary task is the provision of green energy, and it will be run by people with specialist knowledge. It might link to a project or organisation that has wider aims, but as a standalone entity it can avoid becoming sidetracked.

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