The world of energy services companies has undergone a significant stimulus in Spain in recent years due to different factors such as European directives, the 20-20-20 target and the need for many companies to find ways of maximising their competitiveness in times of crisis. While in other countries such as Germany, Canada and the US, this type of business has enjoyed a longer and more stable trajectory, Spain still needs to see greater development and wider knowledge of what the energy services companies can bring to the table.
The first of the objectives of ANESE (the Spanish Association of Energy Services Companies), as an association, is that the market has a clear idea of what an energy services company is and what it offers. The main characteristics of an ESCO (Energy Services Company) are that it provides its client with a guaranteed energy saving and contractually undertakes to achieve the expected saving.
Article published in: FuturENERGY October 2014