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Guidehouse Insights Names Schneider Electric, Johnson Controls, Ameresco, and Siemens Leading Energy Service Companies (ESCOs)Leaders demonstrate innovation in energy management, infrastructure upgrades, sustainability and decarbonization, and energy resilience BOULDER, Colo., Oct. 24, 2023 /PRNewswire/ -- A new report from Guidehouse Insights assesses the competitive landscape for energy service companies (ESCOs). In an ever-evolving energy landscape, ESCOs have witnessed rapid advances over the past five years and are now expanding their scope beyond their traditional energy efficiency solutions and guaranteed savings performance contracts. One notable trend driving this transformation is the increasing demand for onsite distributed energy resources for enhanced resilience. According to Guidehouse Insights, Schneider Electric, Johnson Controls, Ameresco, and Siemens are leading ESCOs. These Leaders are innovating technology and financing options inside and outside of energy savings performance contract (ESPC) structures to address growing customer interest in areas such as comprehensive energy management, infrastructure upgrades, sustainability and decarbonization, and energy resilience. "Although some ESCO market leaders have historically gained notoriety through their legacy ESPCs, only through constant market adaptation and diversification of their contracting and financial mechanisms have they remained market leaders in today's energy landscape," says David Gonzalez, research analyst with Guidehouse Insights. "The gap between ESCO market leaders and other companies is widening as some ESCOs innovate beyond efficiency solutions while others play catch-up in developing comprehensive, integrated technology and financing capabilities." ESCOs recognize the importance of being prepared in the face of unpredictable grid conditions and are actively recommending and incorporating onsite energy generation and storage for their clients. Moreover, ESCOs now provide expert guidance on sustainability practices to assist their clients in achieving their sustainability goals and aligning with ustainable framework requirements, according to the report. The report, Guidehouse Insights Leaderboard: Energy Service Companies, ranks 11 leading ESCO market incumbents on their ability to innovate and increase technology and financing options available to clients, through traditional performance contracts as well as other contracting mechanisms. Guidehouse Insights uses a proprietary Leaderboard methodology to profile, rate, and rank ESCOs with the goal of providing an objective assessment of their relative strengths and weaknesses in the ESCO market. These players are rated on 10 criteria: Vision; Go-to-Market Strategy; Partnerships; Technology; Geographic Reach; Sales, Marketing, and Distribution; Depth of ESCO Offerings; Project Portfolio; Financing; and Staying Power. An executive summary of the report is available for free download on the Guidehouse Insights website. About Guidehouse Insights About Guidehouse * The information contained in this press release concerning the report, Guidehouse Insights Leaderboard: Energy Service Companies, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report. For more information, contact: Cecile Fradkin for Guidehouse Insights View original content to download multimedia:https://www.prnewswire.com/news-releases/guidehouse-insights-names-schneider-electric-johnson-controls-ameresco-and-siemens-leading-energy-service-companies-escos-301965216.html SOURCE Guidehouse Insights |