The ESCO Model
The ESCO model is an energy efficiency service offering where the client is billed based on energy savings generated by implementing the investment. The model involves the selection, implementation, and financing of investments to optimise energy consumption and signing the contract to share the savings generated by the investments. ESCO stands for Energy Service Company.
Application of the ESCO model:
- Thermal insulation upgrades of utility or office buildings on PWiK premises.
- Renewable energy systems (PV systems, heat pumps).
- Upgrade or replacement of energy-consuming devices in the water or wastewater treatment plant.
CONTACT US
How does the ESCO model work?
ESCO is a service model where the entity implementing the investment receives a refund of its expenditures based on the generated energy savings.
On Veolia’s part:
- Comprehensive coordination of the investment process
- Investment expenditures, including securing the appropriate grants, e.g. for renewable energy sources.
- Managing the system during the term of the ESCO contract
Benefits
Energy savings without the need for initial investment expenditures
Transferring the risks related to investment completion and maintenance to Veolia
Improving the technical condition of buildings and other structures
Veolia will be responsible for preparing the application for co-financing of the investment from available public funds