Home Energy Manager, Energy Monitor. Preheat your ovenfrom the grocery store.
Turn your oven on withyour Brillion App. No more waitingfor the beep! Get an alert when yourcookies are ready. Not quite readyfor dinner? ESCOs and Utilities: Shaping the Future of the Energy Efficiency Business. As oil hits $110 per barrel and climate change reaches the mainstream conversation in both our consumer culture (carbon neutral products, hybrid cars, etc.) and political conversations (green collar jobs, cap-and-auction schemes, etc.) the issue of energy efficiency has once again become prominent.
There is virtual agreement, among policymakers and economists, that efficiency is the low-hanging fruit for reducing carbon emissions and essential to any comprehensive approach to halt global warming. In fact, many efficiency gains come at a negative marginal cost, meaning that they are actually profitable (a recent McKinsey study estimated the market at $170 billion per year at a 17 percent annual rate of return). However, there are a variety of market barriers that prevent these opportunities from being realized. Energy service company. An energy service company or energy savings company (acronym: ESCO or ESCo) is a commercial or non-profit business providing a broad range of energy solutions including designs and implementation of energy savings projects, retrofitting, energy conservation, energy infrastructure outsourcing, power generation and energy supply, and risk management.
A newer breed of ESCO evolving in the UK now focuses more on innovative financing methods. These include off-balance sheet vehicles which own a range of applicable equipment configured in such a way as to reduce the energy cost of a building. The building occupants, or landlord, then benefit from the energy savings and pay a fee to the ESCO SPV in return. At all times, the saving is guaranteed to exceed the fee.