Energy Service Company (ESCO)
What is ESCO? ESCO is acronym of Energy Service Company . This is a company which is ready to execute energy conservation projects on performance basis. i.e. the revenue model of the ESCO is based on the energy saving performance of the equipment supplied by ESCO. This company is confident about the equipment & has domain knowledge of the applications, which makes it confident about energy saving predictions. Why ESCO? As the energy saving is the key concern from the environment & competitiveness perspective , lots of inventions in the technologies target energy saving as one of the major objectives .In this process , everyday , we come across new technologies which claim energy saving . However, the customer is hesitant to go for this technology due to two major reasons: • Higher investment cost • Lack of confidence on the technologies & also lack of trust with the technology ...