Undertaken By: Multiple , Recent Publication: 2017
The growing energy deficit coupled with fluctuating global energy prices has led to greater focus on energy efficiency. One of the most important ways to realize energy efficiency potential in industries is through Energy Services Companies (ESCOs), which implement energy efficiency projects though Energy Savings Performance Contracting. ESCO-based projects can help launch large-scale energy projects by mitigating perceived risks and providing assured savings. But India’s ESCO industry is relatively nascent because of the lack of a strong policy level push and limited awareness. Shakti is enabling efforts to help grow the ESCO market, which can help unlock energy efficiency potential in industries.