Energy Efficiency (ESCo)

ESCo stands for Energy Service Company: a company that finances and delivers energy-efficiency measures taking on the investment risk itself, earning by sharing the savings generated on the bill. New Energy is an ESCo accredited under the Italian Interministerial Decree of 28 December 2012 and certified UNI CEI 11352.

It starts with an energy audit and measurable savings targets. New Energy designs, finances and delivers the measures; the investment is repaid through the savings generated, reducing or eliminating the upfront outlay. If the agreed savings do not materialize, the risk sits with New Energy, not with the client.

With performance contracting the initial outlay can be reduced or eliminated: it is the formula designed for businesses and public bodies that want to improve efficiency without tying up capital. The financial structure is defined case by case on the basis of the audit.

LED relamping, heat pumps replacing old boiler plants, solar thermal, insulation, PV with storage and smart consumption monitoring. The mistake to avoid is acting piecemeal: savings become structural when you start from the audit and each measure reinforces the others.

It depends on the scale of the measures and the expected savings: the term is sized so that the investment is repaid through the savings generated. At the end of the contract the systems and the benefits remain with the client.

Through a measurement and verification plan set out in the contract: baseline consumption before the works, continuous monitoring afterwards and periodic comparison. Transparent data and verifiable targets are the foundation of the ESCo model.