An ESCO provides energy-efficiency-related and other value-added services and for which performance contracting is a core part of its energy-efficiency services business.
Each of the facilities has undergone an energy audit and a variety of energy efficiency upgrades will be completed by an energy service company (ESCO).
In a performance contract, the ESCO guarantees energy or financial savings for the project, which means ESCOs only make money if the project performs as promised.
Doble (now a subsidiary of ESCO Technologies) is probably one of the least publicly recognized companies in the power engineering business, which is surprising given their longevity and global reach.