Navigant Research names leading energy service companies
December 13, 2017 — According to a new Leaderboard Report from Navigant Research, Schneider Electric, Siemens and Ameresco are the leading energy service companies (ESCOs).
By Ellen Cools
The report, “Navigant Research Leaderboard: ESCOs,” examines the strategy and execution of 14 ESCOs. The ESCOs are rated on 12 criteria: vision, go-to-market strategy, technology strategy, partners, client segment access, geographic reach, ESCO experience, breadth of ESCO offerings, project portfolio, sales and marketing, finance and staying power.
Using Navigant Research’s Leaderboard methodology, vendors are profiled, rated and ranked, with the goal of providing an objective assessment of these companies’ relative strengths and weaknesses in the ESCO performance contracting market to industry participants, says the research firm.
Experience and brand presence in this market can provide a competitive advantage, says Navigant Research, as well as high levels of competency and resources available to provide consistent service for long-term projects.
“The highest ranking ESCOs are evolving their offerings with new smart building technologies and a larger and more on-going services presence,” said Tom Machinchick, principal research analyst, Navigant Research. “Additionally, these companies are acting on deeply insightful information, reducing project risk and including a diverse array of project components that satisfy needs throughout an organization.”
According to the report, ESCOs are realizing the growing value of digital intelligence as data coming from buildings is used to create new sources of information that add value before, during and after an EPC project.
The report also says that the amount of data captured from existing and new projects has allowed ESCOs to develop statistical models for determining project risk and return profiles, which help stakeholders understand building performance and end-use customer operational, maintenance and comfort issues.