March 29, 2006—Research by Frost & Sullivan, a global growth consulting company, shows that a large number of FMs and other potential end-users are not fully aware that Energy Service Companies (ESCOs) can help them become more energy efficient, meet government-regulated standards, and save money.
Federal FMs should note that the federal government has announced a re-compete on all its energy projects, making all qualifying Energy Service Companies (ESCOs) eligible for federal work. ESCOs are being utilized to upgrade aging infrastructures, which improves efficiency and cuts costs.
In general, Frost & Sullivan finds that ESCOs’ estimates of savings are reasonably accurate. As ESCOs have assumed project performance risk and met savings estimates, their ability to sell products and services and arrange financing for their end-users increases.
Frost & Sullivan reports that the US Energy Service Companies Market earned revenues of $2.1 billion in 2005 and estimates this to reach nearly $3 billion in 2012 due to a projected increase in government-issued energy mandates and a continuing need to upgrade end-users’ inefficient energy infrastructures.
For a brochure that provides manufacturers, end users, and other industry participants an overview of the latest analysis of the US Energy Service Companies Market, e-mail Trisha Bradley, Corporate Communications, with your full name, company name, title, telephone number, e-mail address, city, state, and country. The brochure will be e-mailed.
