What exactly is an Esco?

Question

I thinks it's something to do with local renewable energy supply.

I'm asking my question from the UK.

Can anyone shed any light on this and provide any British examples?

Any help appreciated.

Thanks

FF

Answer 1

We are actively seeking to invest in projects and create commercially viable Energy Service Companies (ESCO’s) serving local communities with low carbon solutions. We will design, build, finance, own, operate, replace and maintain the assets required to provide these sustainable energy solutions.

London ESCO contracts are typically for 20 to 30 years to enable such projects to be suitably financed and to deliver effective, sustainable technical solutions that meet the specifics project requirements, no matter how complex.