The U.S. Environmental Protection Agency’s (EPA’s) plan to regulate carbon emissions is just the latest challenge facing the U.S. electric power system. Technological innovation is disrupting old ways of doing business and accelerating grid modernization. Earlier this year, AEE released Advanced Energy Technologies for Greenhouse Gas Reduction, a report detailing the use, application, and benefits of 40 specific advanced energy technologies and services. This post is one in a series drawn from the technology profiles within that report.
Energy Service Companies (ESCOs) are in the business of reducing customers’ energy use and costs by implementing comprehensive energy efficiency solutions. This typically involves retrofitting existing buildings with energy efficient equipment such as high-efficiency lighting, heating, air conditioning, and motors, as well as energy management and control systems. ESCOs can also provide equipment and services related to onsite power generation such as combined heat and power and rooftop solar power, and may also perform energy procurement. They usually handle all aspects of a project, including design, installation, maintenance, monitoring, and financing.