Energy Services Agreements (ESAs) are performance-based contracts through which a service provider agrees to finance, develop and deploy energy efficiency/renewable energy projects for clients without any upfront capital expenditures. ESAs yield immediate OpEx savings.
Reliability, safety, and cost savings are recognized because the outdated energy systems eventually require costly maintenance, repair and higher insurance premiums due to often hazardous equipment. Those outdated systems are typically replaced through a major upgrade.
Energy Services Agreements help organizations upgrade their energy assets and reduce costs. Reliability is also improved when the alternative, leaving older energy assets in place, begins to require costly unscheduled maintenance and repair. The secondary costs associated with those breakdowns ripple through an entire organization. Read more about ESA’s on our dedicated ESA page.