Navigant Research Leaderboard: ESCOs

Assessment of Strategy and Execution for 14 Energy Service Companies

Energy service companies (ESCOs) have been instrumental in providing access to energy efficiency technologies and services in market segments that would not normally be able to consider or afford these types of capital-intensive projects. This access is largely enabled using energy performance contract (EPC) or energy savings performance contract (ESPC) financing structures. These structures require little to no upfront capital and move the financial risk of the project from the end-use customer to the ESCO itself via performance guarantees or shared savings resulting from reduced energy consumption.

The ESCO market in the United States is mature and well established, while other global regions have varying degrees of acceptance, market penetration, and maturity. In almost all regions, the key target market segments include federal, state, and local governments (municipalities), universities, schools, and hospitals (MUSH), as well as public housing and commercial and industrial facilities. Experience and brand presence in this market can provide a significant competitive advantage to these types of companies. The ESCO units of these companies must maintain a measure of independence from internal product-related sales, however, because customers desire objective consultations and results. Moreover, many facilities managers are familiar with certain brands of technologies already installed in their buildings and would like to keep those brands intact.

This Navigant Research Leaderboard examines the Strategy and Execution of 14 leading ESCOs with the experience and capacity to provide a diverse level of performance contracting projects across a broad base of client market segments. These 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; financing; and staying power. Using Navigant Research’s proprietary Leaderboard methodology, vendors are profiled, rated, and ranked with the goal of providing industry participants with an objective assessment of these companies’ relative strengths and weaknesses in the ESCO performance contracting market.

Top 10 Vendors:

1. Schneider Electric

2. Siemens

3. Ameresco

4. NORESCO

5. Trane

6. Honeywell

7. Johnson Controls

8. McKinstry

9. Energy Systems Group

10. AECOM

Key Questions Addressed:
  • Which energy service companies (ESCOs) are best positioned as global market leaders?
  • How are leading ESCOs positioning themselves to support the diverse nature of performance contracting projects?
  • How are ESCO strategies evolving to meet the emerging needs of diverse client segments?
  • Which ESCOs are leading the market in introducing smart digital technologies to their menu of performance contracting solutions?
  • Which ESCOs have the most complete performance contracting product and service offerings?
Who needs this report?
  • Energy service companies (ESCOs)
  • Government agencies
  • Utilities
  • Energy efficient building technology vendors
  • Hospitals and healthcare facilities
  • Universities, colleges, and K-12 schools
  • Sustainability officers
  • Facilities managers
  • Investor community

Table of Contents

1. Executive Summary

1.1   Market Introduction

1.2   Criteria Overview

1.3   The Navigant Research Leaderboard Grid

2. Market Overview

2.1   Market Definition

2.2   Market Drivers

2.3   Market Barriers

2.4   Market Trends

2.5   Market Size

3. The Navigant Research Leaderboard

3.1   The Navigant Research Leaderboard Categories

3.1.1   Leaders

3.1.2   Contenders

3.1.3   Challengers

3.1.4   Followers

3.2   The Navigant Research Leaderboard Grid

4. Company Rankings

4.1   Leaders

4.1.1   Schneider Electric

4.1.2   Siemens

4.1.3   Ameresco

4.2   Contenders

4.2.1   NORESCO

4.2.2   Trane

4.2.3   Honeywell

4.2.4   Johnson Controls

4.2.5   McKinstry

4.2.6   Energy Systems Group

4.2.7   AECOM

4.2.8   ConEdison Solutions

4.2.9   Constellation New Energy

4.2.10   NextEra Energy

4.2.11   ABM Industries

5. Acronym and Abbreviation List
6. Table of Contents
7. Table of Charts and Figures
8. Scope of Study, Sources and Methodology, Notes

8.1   Scope of Study

8.2   Sources and Methodology

8.2.1   Vendor Selection

8.2.2   Ratings Scale

8.2.2.1   Score Calculations

8.2.3   Criteria Definitions

8.2.3.1   Strategy

8.2.3.2   Execution

List of Charts and Figures

  • ESCO Revenue by Region, World Markets: 2017-2026
  • The Navigant Research Leaderboard Grid
  • Schneider Electric Strategy and Execution Scores
  • Siemens Strategy and Execution Scores
  • Ameresco Strategy and Execution Scores
  • NORESCO Strategy and Execution Scores
  • Trane Strategy and Execution Scores
  • Honeywell Strategy and Execution Scores
  • Johnson Controls Strategy and Execution Scores
  • McKinstry Strategy and Execution Scores
  • Energy Systems Group Strategy and Execution Scores
  • AECOM Strategy and Execution Scores
  • ConEdison Solutions Strategy and Execution Scores
  • Constellation New Energy Strategy and Execution Scores
  • NextEra Strategy and Execution Scores
  • ABM Strategy and Execution Scores

List of Tables

  • ESCO Revenue by Region, World Markets: 2017-2026
  • The Navigant Research Leaderboard Overall Scores
  • Vendor Scores
  • Vendor Scores on Strategy Criteria
  • Vendor Scores on Execution Criteria

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