Review of U.S. ESCO industry market trends: An empirical analysis of project data

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This article summarizes a comprehensive empirical analysis of U.S. Energy Service Company (ESCO) industry trends and performance. We employ two parallel analytical approaches: a comprehensive survey of firms to estimate total industry size and a database of {approx}1500 ESCO projects, from which we report target markets and typical project characteristics, energy savings and customer economics. We estimate that industry investment for energy-efficiency related services reached US $2 billion in 2000 following a decade of strong growth. ESCO activity is concentrated in states with high economic activity and strong policy support. Typical projects save 150-200 MJ/m2/year and are cost-effective with median ... continued below

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Goldman, Charles A.; Hopper, Nicole C.; Osborn, Julie G. & Singer, Terry E. March 1, 2003.

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Description

This article summarizes a comprehensive empirical analysis of U.S. Energy Service Company (ESCO) industry trends and performance. We employ two parallel analytical approaches: a comprehensive survey of firms to estimate total industry size and a database of {approx}1500 ESCO projects, from which we report target markets and typical project characteristics, energy savings and customer economics. We estimate that industry investment for energy-efficiency related services reached US $2 billion in 2000 following a decade of strong growth. ESCO activity is concentrated in states with high economic activity and strong policy support. Typical projects save 150-200 MJ/m2/year and are cost-effective with median benefit/cost ratios of 1.6 and 2.1 for institutional and private sector projects. The median simple payback time is 7 years among institutional customers; 3 years is typical in the private sector. Reliance on DSM incentives has decreased since 1995. Preliminary evidence suggests that state enabling policies have boosted the industry in medium-sized states. ESCOs have proven resilient in the face of restructuring and will probably shift toward selling ''energy solutions,'' with energy efficiency part of a package. We conclude that a private sector energy-efficiency services industry that targets large commercial and industrial customers is viable and self-sustaining with appropriate policy support both financial and non-financial.

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vp.; OS: PC

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OSTI as DE00841697

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  • Journal Name: Energy Policy Journal; Journal Volume: 33; Journal Issue: 3; Other Information: Submitted to Energy Policy Journal: Volume 33, No.3; Journal Publication Date: Feb. 2005

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  • Report No.: LBNL--52320
  • Grant Number: AC03-76SF00098
  • Office of Scientific & Technical Information Report Number: 841697
  • Archival Resource Key: ark:/67531/metadc782102

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Office of Scientific & Technical Information Technical Reports

Reports, articles and other documents harvested from the Office of Scientific and Technical Information.

Office of Scientific and Technical Information (OSTI) is the Department of Energy (DOE) office that collects, preserves, and disseminates DOE-sponsored research and development (R&D) results that are the outcomes of R&D projects or other funded activities at DOE labs and facilities nationwide and grantees at universities and other institutions.

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  • March 1, 2003

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  • Dec. 3, 2015, 9:30 a.m.

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  • April 4, 2016, 3:37 p.m.

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Goldman, Charles A.; Hopper, Nicole C.; Osborn, Julie G. & Singer, Terry E. Review of U.S. ESCO industry market trends: An empirical analysis of project data, article, March 1, 2003; Berkeley, California. (digital.library.unt.edu/ark:/67531/metadc782102/: accessed October 23, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.