Governmental Push to Improve Efficiency Favoring Global Energy Saving and Performance Contracting Market
Energy savings and performance contracting (ESPC) refers to a neutral approach to reduce energy consumption and water use of a building, and thereby increase the overall operational efficiency. Facilities owners can now preserve their capital budgets by collaborating with energy service company (ESCO) and pay for the upgrades in installments while the energy saving continues. In some cases, the ESCO implement a renewable energy project to the facilities, which have higher return values, although heavy initial investment hesitates the consumers....
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