In today's world, energy is recognized as a critical resource that must be strategically managed. Reducing energy consumption and costs, fulfilling environmental responsibilities, improving operational efficiency, and achieving sustainable growth are crucial both economically and environmentally. However, initiating and implementing energy efficiency projects can be a complex process for businesses due to challenges such as access to financing, technology selection, performance guarantees, and operational changes.
At this point, Energy Performance Contracts (EPC) emerge as the most innovative financing solution for energy efficiency projects worldwide. EPC allows businesses to implement energy efficiency projects without taking on any risk. This mechanism, offered by Energy Service Companies (ESCOs), covers every stage from project selection and design to implementation, savings verification, and system maintenance. This model ensures that businesses can realize energy efficiency projects without touching their capital budgets, guaranteeing risk-free profits.
Advantages
1. All processes, from project design to implementation, are managed by ESCON.
2. Energy performance targets are guaranteed under the contract.
3. Project financing is provided by ESCON, without using company working capital.
4. Project risks are assumed by ESCON and insured by international insurance providers.
5. Periodic maintenance is provided by ESCON at no additional cost.
6. Complex processes are simplified, offering businesses easy management solutions.
7. Businesses have the right to select the most suitable technology and subcontractors.
8. Energy infrastructure is modernized, and new technologies are implemented.
9. Projects help reduce greenhouse gas emissions and carbon footprints.
10. Energy consumption is reduced, minimizing the impact of price increases.
11. Performance is remotely monitored and followed with regular reports.
1.Project Development Visit: Initial site visit to assess project potential.
2.Pre-Feasibility Study: An initial assessment to determine the viability of the project.
3.Letter of Intent & Investment-Focused Audit: The agreement to proceed, followed by a detailed energy audit focused on investment opportunities.
4.Proposal & Contract: Submission of a detailed proposal followed by the signing of a contract.
5.Implementation & Project Management: Executing the project with ongoing management.
6.Measurement & Verification: Monitoring energy savings and verifying the project outcomes.