engleski

ESCO Models for Improving Energy Efficiency in the Construction Industry

ESCO (Energy Service Company) describes the companies that deliver the energy service or more specifically, develop, implement and provide or arrange financing for upfront energy efficiency (EE) investments for its clients. The fundamental concept of the ESCO business model is that the client does not have to come up with any upfront capital investment and is only responsible for repaying the investment made or arranged by the ESCO. Repayments are made from the energy savings. Issues related to energy efficiency are known for a long time and solving the problems of high energy demands, high and growing energy price is a global priority. This article aims to investigate and demonstrate how ESCO models can help in improving energy efficiency and achieving energy savings. Available literature regarding ESCO models, legal and strategic documents about energy efficiency and ESCO market reports were used as resources. It was shown that ESCO projects can achieve significant energy savings, are a great quality solution for improving energy efficiency and that the ESCO market in Europe, including Croatia, is constantly growing and has a big potential for further development.

ESCO; energy efficiency; energy savings; energy service

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