Energy conservation through energy service companies: Empirical analysis from China

Kostka, Genia; Shin, Kyoung

doi:10.1016/j.enpol.2012.10.034

Cited by 52 publications

(25 citation statements)

References 25 publications

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“…Sixth, both the findings of this study and other published works (Gan, 2009;Kostka and Shin, 2013) indicate the problem of China's energy service companies, which is unfortunate because ESCOs can help to overcome the financial and information barriers to energy conservation, particularly for small enterprises. The policy recommendation suggested by Kostka and Shin (2013) are worth reiterating.…”

Section: Resultsmentioning

confidence: 85%

“…The policy recommendation suggested by Kostka and Shin (2013) are worth reiterating. The government must help ESCOs earn the trust of companies by sponsoring networking events and establishing a rating system of accredited ESCOs.…”

Section: Resultsmentioning

confidence: 94%

“…Others have questioned the ability of the ESCOs to deliver the project on time without disrupting normal production. This lack of trust perhaps reflects the fact that China's ESCO industry is new and underdeveloped, and the industry mainly consists of small companies with limited technological and financial capacities (Kostka and Shin, 2013). Furthermore, the failure to engage with local business networks and the lack of legal and regulatory institutions have also been cited as reasons for the ESCO industry's lack of progress in China (Kostka and Shin, 2013).…”

Section: Barriersmentioning

confidence: 97%

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Energy conservation in China’s energy-intensive enterprises: An empirical study of the Ten-Thousand Enterprises Program

Wang

2015

Energy for Sustainable Development

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Section: Resultsmentioning

confidence: 85%

Section: Resultsmentioning

confidence: 94%

Section: Barriersmentioning

confidence: 97%

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Energy conservation in China’s energy-intensive enterprises: An empirical study of the Ten-Thousand Enterprises Program

Wang

2015

Energy for Sustainable Development

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“…Some countries define ESCOs in a similar fashion and report that these companies were first introduced into Asia in the 1990sdbased in part on the U.S. [27]. 17 However, other researchers suggest that the Chinese ESCO business model has "serious limitations and is unlikely to lead to large-scale implementation of energy efficiency projects in China" [26]. Japan, the next largest market for ESCOs in Asia, was a distant second with revenue of~$374 million in 2011 [28].…”

Section: Us Esco Industry In a Global Contextmentioning

confidence: 99%

A method to estimate the size and remaining market potential of the U.S. ESCO (energy service company) industry

Stuart

Larsen

Goldman

et al. 2014

Energy

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a b s t r a c tThis study presents a method to estimate the market investment potential for ESPC (energy-saving performance contracts) and annual blended energy savings remaining in buildings typically addressed by U.S. ESCOs (energy service companies). We define ESCOs as companies for whom performance-based contracting is a core business activity. The market potential analysis incorporates market penetration estimates provided by industry experts in late 2012, data on U.S. building stock typically addressed by ESCOs, and typical project investment costs from a database of 4000 þ projects. ESCO industry revenue growth significantly outpaced U.S. GDP (gross domestic product) growth during 2009e2011. We estimate that the remaining investment potential in facilities typically addressed by the ESCO industry ranges from~$71 to $133 billion. Our analysis includes ESCO industry size and growth projections drawing on information from interviews with ESCO executives conducted in late 2012. The U.S. ESCO industry could grow in size from $6 billion in 2013 to~$7.5 billion by 2014, but this growth is contingent on enabling policies. The U.S. ESCO industry is similar in size to the ESCO industries in Germany, France, and China. Our estimation approach could be adapted for other countries with the caveat that ESCO industry definitions and revenue reporting practices vary across countries.Published by Elsevier Ltd.

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“…Apart from risk factors [11,12] and financing factors [13,14] that have been widely studied, industry environmental factors such as the market credit environment also hinder the rapid development of EPC. On-site fieldwork has found that a lack of trust in Energy Service Companies (ESCos) is the most critical factor affecting the development of EPC in China compared with other constraints, particularly trust in private ESCos characterized by light assets [15]. In China's current situation, the energy service industry is in its nascent period, the measurement and verification of energy savings are not standardized, and a lack of integrity is a very serious problem [16].…”

Section: Introductionmentioning

confidence: 99%

Empirical Study on Annual Energy-Saving Performance of Energy Performance Contracting in China

Ruan¹,

Gao²,

Mao³

2018

Preprint

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Currently, the estimation of annual energy-saving performance of Energy Performance Contracting (EPC) projects is still at the operating level of each individual project, lacking a systematic summary. This paper studies the regression relationships of revamping cost in terms of annual energy-saving quantity and annual cost saving of EPC projects. The regression results show that there are statistically significant correlations in the above relationships in the nine subsectors investigated. These results contribute to EPC investment decisions and trust relationships between Energy Service Companies (ESCos) and energy-consuming units (ECUs). Then a multiple linear regression model of revamping cost is set up to analyze its influencing factors. The model indicates that the subsector the sample belongs to, financing, registered capital of the ESCo, and contract period have significant effects on revamping cost. Finally, advice for promoting investment in EPC projects is given.

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Energy conservation through energy service companies: Empirical analysis from China

Cited by 52 publications

References 25 publications

Energy conservation in China’s energy-intensive enterprises: An empirical study of the Ten-Thousand Enterprises Program

Energy conservation in China’s energy-intensive enterprises: An empirical study of the Ten-Thousand Enterprises Program

A method to estimate the size and remaining market potential of the U.S. ESCO (energy service company) industry

Empirical Study on Annual Energy-Saving Performance of Energy Performance Contracting in China

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