ESCO INDUSTRY GROWING DURING DOWNTURN IN ECONOMY

naesco2The U.S. ESCO industry grew at about 7% per year from 2006 to 2008, reaching total annual revenues of about $4.1 billion in 2008, according to a recently released report from Lawrence Berkeley National Laboratory (LBNL) and the National Association of Energy Service Companies (NAESCO). James Dixon, Vice Chairman of NAESCO and Vice President of Energy Services at ConEdison Solutions, said that, “ESCOs grew right through the recession, illustrating the increasingly significant role that ESCOs are playing in meeting our energy needs.”

The report, entitled “A Survey of the U.S. ESCO Industry: Market Growth and Development from 2008 to 2011” is based on a sample of 44 ESCOs. It examined current revenues by market segment, contract type and technology; anticipated revenues in next three years; and, factors influencing trends in industry costs and savings. Authors of the report were LBNL researchers Andrew Satchwell, Charles Goldman and Peter Larsen, as well as NAESCO President Donald Gilligan and Executive Director Terry E. Singer.