WHAT IS ESCO?
What is an ESCO?
An Energy Service Company (ESCO) is a company that provides comprehensive energy solutions to its customers, including auditing, redesigning and implementing changes to the ways the customer consumes energy, the main goal being improved efficiency. ESCO develops, designs, builds, and arrange financing for projects that save energy, reduce energy costs, and decrease operations and maintenance costs at their customers’ facilities.
What is ESCO's role for the market?
Currently, there are 3 entities that can conduct ESCO business, which are financial companies, equipment suppliers and professional solution consulting units with different advantages and disadvantages.
- ESCO’s main task is to work as a liaison and be responsible for negotiating with energy suppliers to ensure that the energy supply form is suitable for the equipment system at the enterprise. From there, it improves the efficiency of equipment use and ensures the success of energy-saving projects.
- ESCO is responsible for ensuring that energy use activities at the enterprise comply with the legal requirements for energy-saving and efficient use. In addition, the government plays a role in creating legal corridors, regulations in the ESCO business market to ensure the interests of all parties participating in ESCO business activities.
- ESCO needs to work with contractors to select suitable contractors for the installation, operation and transfer of energy-saving equipment for the project. This work needs to be done fully and accurately in order to maintain and promote the energy-saving efficiency of the project.
- Commitment to energy savings or sharing of energy savings: With two forms of ESCO business, the tasks of ESCO in each case are different. The form of ensuring the commitment to energy savings: ESCO will perform the task of committing to the amount of energy saved when implementing solutions, while the enterprise will work with financial organizations and ensure capital to implement the project. The form of sharing energy savings: ESCO is responsible for negotiating with financial organizations to arrange capital for the project.
Thuan Hai is an ESCO?
As a leading enterprise in providing energy solutions, Thuan Hai is proud to be one of the pioneers in applying the ESCO model in the Vietnamese market. Thuan Hai provides a variety of fuel sources such as coal and biomass, to energy solutions such as steam-heat-electricity and operation services.
With the commitment to prestige and quality as the top two prerequisites, focusing on honesty with customers in the cooperation process, always listening to feedback and wholeheartedly sharing professional experience that the Group has accumulated, Thuan Hai has gained the trust of more than 100 customers at home and abroad, helping customers feel secure in professionalizing their business
Thuan Hai Corporation
Address: Thuan Hai Building, Lot Vb.20a2, Street 24, Tan Thuan Export Processing Zone, Tan Thuan Dong Ward, District 7, City. Ho Chi Minh City, Vietnam
Hotline: 1900 1766
Email: marketing@thuanhai.com.vn
Website: https://thuanhai.com.vn/
>>> Learn more: What is Biomass?
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Reference source:
Wikipedia, Energy Magazine,...