Energy performance services
EnergiSpeak is the Top Choice for Energy Savings Performance Contracts
EnergiSpeak's Energy Performance Contracts offer a reliable solution for achieving substantial energy savings on sites facing constraints due to a lack of expertise or capital. In instances where sites possess both expertise and financial resources, but the project paybacks fall beyond corporate guidelines, EnergiSpeak takes on Energy Performance Contracts that align with appropriate levels of risk and reward.
Unlike conventional 'creative financing' for capital improvements, EnergiSpeak's approach allows for funding energy upgrades through cost reductions. This involves executing an Energy Performance Contract arrangement to enhance energy efficiency, with the achieved cost savings from the energy-saving initiative utilized to repay the project services' costs.
EnergiSpeak exclusively adopts the shared savings model for Energy Performance Contracts. Under this shared savings contract, payment or shared management is contingent on the control of energy consumption and cost savings.
The choice of contract by EnergiSpeak depends on the specific project and the risk appetite of both parties involved. Regardless, EnergiSpeak's Energy Performance Contract centers around achieving targeted energy savings, excluding penalties in case the implemented measures underperform or initial estimations prove to be conservative.
The process begins with EnergiSpeak conducting an energy audit, leading to recommendations on improving operational and energy efficiency. The projected energy savings are guaranteed throughout the project's duration, with the funds available for further infrastructure updates, the implementation of cutting-edge technology, and the realization of expected minimum savings.
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