WHAT IS ESCO?
The ESCO model is becoming increasingly popular in the markets. ESCOs undertake energy-saving projects for the benefit of their customers by addressing market barriers and providing services through energy performance contracts.
What is ESCO?
An Energy Service Company (ESCO) is a commercial enterprise that provides comprehensive energy solutions, including designing and implementing energy-saving projects, energy conservation, leasing energy infrastructure, power generation, energy supply, and risk management.
ESCOs conduct in-depth resource analysis, design efficient energy solutions, install necessary components, and maintain systems to ensure energy savings over the payback period.
ESCO's roles in the market
ESCO acts as an intermediary and is responsible for negotiating with energy suppliers to ensure that the energy supplied aligns with the equipment at the customer's facility. This enhances equipment efficiency and ensures the success of energy-saving projects.
ESCO is responsible for ensuring that energy usage at the customer's facility complies with legal requirements for energy efficiency and conservation. Government regulations and legal frameworks in the ESCO business environment help safeguard the interests of all parties involved.
ESCO directly collaborates with energy-efficient equipment suppliers to select the most suitable equipment for energy-saving projects. The chosen equipment not only guarantees energy savings but also ensures no adverse impact on the customer's production operations.
ESCO works with contractors to select suitable ones for equipment installation, operation, and handover for energy-saving projects. This process must be executed accurately and comprehensively to maintain the energy savings effectiveness.
Guaranteeing energy savings or sharing energy savings: Depending on the type of ESCO business model, ESCO's tasks vary. In the guaranteed energy savings model, ESCO commits to achieving a certain level of energy savings through implementing energy solutions, while in the shared savings model, ESCO negotiates with financial institutions to secure funding for the project.
Is Thuận Hải an ESCO company?
As a leading company in providing energy solutions, Thuận Hải takes pride in being one of the pioneering entities to apply the ESCO model in the Vietnamese market. They offer a variety of energy sources, including coal, and biomass, as well as thermal, heat, and electricity energy solutions and operation services.
Prioritizing reputation and quality, Thuận Hải places honesty in their collaboration with customers at the forefront. They are attentive to customer feedback and wholeheartedly share their accumulated experience.
By offering comprehensive energy solutions and cost optimization, Thuận Hải has gained the trust of over 100 domestic and international businesses, allowing customers to confidently specialize in their business sectors.
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