Developing countries have great potential to increase energy efficiency but are also facing a number of obstacles. Now, with the growing awareness of the urgency of action against global warming, Asian countries have high expectations for the ESCO model. So what is the ESCO model and how can it help our businesses use energy more economically and efficiently?
What is ESCO?
The ESCO model (short for Energy Service Company) is an energy service company model. This model allows companies like GreenLife to perform energy services from design to construction, installation, operation, maintenance, risk management, profit sharing from energy savings, and equipment transfer after the contract period without customers having to invest their own capital in the projects.
The purpose of this model is to help partners save energy, reduce costs and protect the environment. Therefore, the increased introduction of the ESCO model has become an important trend, while contributing to sustainable development and environmental protection. In recent times, a number of conferences and seminars have been held to raise awareness of the importance of the ESCO model in ensuring efficient energy operations.
Benefits of using the ESCO model
Use energy more efficiently and economically
ESCO companies will conduct energy efficiency assessments and propose energy saving solutions suitable for each business, helping businesses reduce electricity costs, minimize equipment operating costs and improve productivity performance.
Minimize environmental impact
By applying energy-saving solutions and using energy efficiently, businesses help protect natural resources, reduce carbon footprints and contribute to protecting the ecosystem.
Increase sustainability and social responsibility
Using energy-saving solutions not only helps businesses save costs, but also demonstrates their commitment and social responsibility. By taking positive actions to protect the environment, businesses contribute to building a more sustainable community and world, while strengthening their image and reputation in the eyes of customers and the community.
Cooperate with GreenLife – the Esco model provider with a comprehensive solution platform
At GreenLife, we will finance 100% of the capital, design, construct, operate and maintain the entire solar energy system designed specifically according to the needs of customers. At the same time, GreenLife provides a comprehensive solution from 100% capital financing, installation, operation, warranty, maintenance, replacement of the entire LED lighting system, refrigeration equipment, HVAC system, BMS monitoring system, optimization of cold storage for customers, and at the same time share profits from the saved electricity costs through the Energy Saving Partnership Agreement (EEA) or UAAS.
If your business is aiming for solutions on optimization and energy saving, please contact GreenLife Vietnam.