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Energy Service Companies (ESCO) Model
How Does the ESCO Model Work?
Energy Audit
The company's current energy usage is analyzed, inefficiencies are identified, and cost-saving potential is calculated.
Project Development
A project is developed based on audit results to enhance energy efficiency.
Financing
ESCO provides the necessary financing for the project, eliminating the need for upfront investment from the client.
Implementation
Energy-saving systems are installed and put into operation.
Performance Monitoring
Energy consumption is tracked after project completion, and performance data is evaluated.
Advantages of the ESCO Model
Cost Savings
Energy bills are reduced, providing financial relief for businesses.
No Financial Risk
The client can benefit from the project without an upfront investment.
Performance Guarantee
ESCO ensures that the targeted energy savings are achieved.
Sustainability
Lower energy consumption reduces environmental impact.
Technical Support
Continuous monitoring and maintenance are provided by expert teams.
Conclusion
The ESCO model offers businesses energy efficiency solutions without financial burdens, ensuring sustainable savings and operational benefits.
ESCO Case Study
ESCO - Energy Efficiency Case Study: Smarte Energy Management System ESCO Project
The company applied for TurSEFF financing to establish energy management systems in CarrefourSA stores. CarrefourSA and Smarte signed a 5-year Energy Performance Contract for 550 stores located in various regions of Turkey. The proposed energy efficiency aims to reduce electricity consumption through appropriately managed HVAC usage in stores. The goal is to provide a win-win solution to the end-user (CarrefourSA) benefiting from reduced energy consumption in stores without taking any financial and technical risks, through a shared savings ESCO model.
The project aims to reduce energy consumption by 30% annually. With the implementation of this project, the energy savings from electricity will result in an annual financial saving of €1,357,166 and a 15% reduction in CO2e carbon emissions.
- Investment Category: Consultant Supported
- Technology: Energy Management System
- CO2eq Emission Reduction: 6,406 tons CO2e
- Beneficiary's Industry: Sensor Technologies and Automation
- Primary Energy Savings: 5,216 TOE/year
- Internal Rate of Return: 171.8%
- Investment Amount: €431,750 (Tranche 1), €350,000 (Tranche 2)
- Energy Saving Rate: 30%
- Simple Payback Period: 7 months
- TurSEFF Financing: €72,640 (Tranche 1), €33,861 (Tranche 2)