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Hong Kong Energy Services Company (ESCO)
John Herbert
Registered Energy Assessor(REA)
An Energy Services COmpany is a type of business that leverages
the cost savings resulting from improved energy performance as
part of the finance strategy for retrofitting energy improvement
work without the building owner paying any upfront capital
investment.
The building owner typically signs an agreement with ESCo, who
will install anad manage new equipment, for example, new
chillers or new lighting.
During the contract period your expenses remain the same,
and after the contract is finished, you keep the equipment,
and enjoy lower energy costs thereafter.
The main advantage for the building owner is avoiding the
upfront capital expenditure while their expenses remain
unchanged, at the pre-contract level, for each kwh used.