New Report on Energy Services Companies Available Now
May 31, 2007
Lawrence Berkeley National Laboratory (LBNL) and National Association of Energy Service Companies (NAESCO) have issued a new report, “A Survey of the U.S. ESCO Industry Market Growth and Development from 2000 to 2006,” funded by the U.S. Department of Energy's Office of Electricity Delivery and Energy Reliability and the Office of Energy Efficiency and Renewable Energy, Weatherization and Intergovernmental Program.
This report, based on survey interviews with 33 of 46 leading ESCOs, documents that ESCO industry revenues from energy services were about $3.6 billion in 2006. Investments in energy efficiency accounted for $2.5 billion of those revenues (or 73% of the total revenues). Survey findings suggest that the private-sector investment in energy efficiency leveraged by ESCOs is comparable to the dollar amount of the authorized spending for utility and public benefit energy efficiency programs.
Survey results also indicate an annual energy services industry growth rate of 20% in 2004–06. The report attributes the increases in ESCO activity to customer response to rising energy prices and increased interest in energy efficiency and climate change mitigation strategies, re-authorization of energy savings performance contracts in the federal market, the adoption of aggressive energy savings goals for federal agencies, and the ramping up of public-benefit- and ratepayer-funded energy efficiency and renewable energy programs. The survey results also highlight trends in ESCO industry structure and company ownership as well as activity in various market segments and types of contractual arrangements.
The report may be downloaded from either of two websites:
LBNL - http://eetd.lbl.gov/ea/EMS/rplan-pubs.html
NAESCO - http://www.naesco.org
