ESCO Energy Services Program
GE Lighting's ESCO Energy Services Program provides a comprehensive strategy for identifying energy-saving opportunities within customer facilities.
Through this program, GE aims to help customers explore energy strategies that take into account such factors as cost of light payback, return on investment, rebates, financing and government incentives that can reduce investment costs.
All these options include, but are not limited to lighting.
What is an ESCO?
An energy service company (acronym: ESCO or ESCo) is a professional business providing a broad range of comprehensive energy solutions including designs and implementation of energy savings projects, energy conservation, energy infrastructure outsourcing, power generation and energy supply, and risk management. ESCO's are often labled ESPC's.
What is an ESPC?
A contracting method in which the contractor provides capital to facilitate energy savings projects and maintains them in exchange for a portion of the energy savings generated. An energy savings performance contract is an agreement between an energy services company (ESCO) and a building owner — typically in the government sector.