Supporting ESCOs for Delivery of Industrial Energy Efficiency Projects

According to the Institute for Industrial Productivity’s Senior Advisor, Bob Taylor, the uptake of energy efficiency projects is being stymied by lack of awareness and market failures when in fact they can offer robust financial returns. His presentation on the challenges and opportunities of financing energy efficiency projects at “Climate Efficient Industries”, a three-day conference in Seoul, Korea from 26-28 March 2013, emphasised that profitability was one of the greatest core strengths of industrial energy efficiency projects. Bob highlighted the use of energy service companies (ESCOs) as one of many ways to deliver profitable projects in industry, citing China’s experience. The energy performance contracting market in China has grown to a $12 billion industry in just over a decade.