The Energy Services Company (ESCo) as business model for heat entrepreneurship-A case study of North Karelia,Finland |
| |
| Affiliation: | 1. University of Eastern Finland, Faculty of Social Sciences and Business Studies, Department of Business, PO Box 111, FI-80101 Joensuu, Finland;2. Karelia University of Applied Sciences, Centre for Natural Resources, Sirkkalantie 12 A2, FI-80100 Joensuu, Finland;1. Earth System Science Interdisciplinary Center, University of Maryland, 5825 University Research Court, Suite 3500, College Park, MD 20742, USA;2. Joint Global Change Research Institute/Pacific Northwest National Laboratory, 5825 University Research Court, Suite 3500, College Park, MD 20742, USA;1. Energy Office, Shanghai University of Finance and Economics, Shanghai 200433, China;2. School of Urban and Regional Science, Institute of Finance and Economics Research, Shanghai University of Finance and Economics, Shanghai 200433, China;1. Department of Construction Management and Real Estate, School of Economics and Management, Tongji University, China;2. Tongji Yabaite Institute of Facility Management, Tongji University, China;3. Department of Law and Economics, Technische Universität Darmstadt, Hochschulstraße 1, 64289, Darmstadt, Germany;1. Department of Building & Real Estate, The Hong Kong Polytechnic University, Hung Hom, Kowloon, Hong Kong Special Administrative Region;2. Department of Building Services Engineering, The Hong Kong Polytechnic University, Hung Hom, Kowloon, Hong Kong Special Administrative Region;1. Aalto University School of Business, Department of Management Studies, Organization and management, P.O. Box 21230, 00076 Aalto, Finland;2. National Consumer Research Centre, P.O. Box 142, 00531 Helsinki, Finland;1. Dept. of Construction Management and Real Estate, School of Economics and Management, Tongji Yabaite Institute of Facility Management, Tongji Univ., 1239 Siping Rd., Shanghai 200092, China;2. Dept. of Construction Management and Real Estate, School of Economics and Management, Tongji Univ., 1239 Siping Rd., Shanghai 200092, China |
| |
| Abstract: | Energy Services Companies are widely implemented for improving energy efficiency both in the public sector and industry. The model has also been introduced as a business model for biomass-based heat entrepreneurship. However, the residential sector has been problematic with regard to ESCo adoption and constitutes a minor share of ESCo operations. The barriers, both social and economic, are many. This paper focuses on the application of ESCo as a business model for heat entrepreneurship in Finland. First, we present the ESCo model and a review of the main barriers. Second, we present the modelling with aspects of profitability and risk sharing. Third, we demonstrate the operation in the residential sector by using 26 housing associations as a case study. We simulate the energy investment, profitability of operation, and the sharing of risks between the customer and the ESCo. The results indicate that the ESCo model is challenging in our case area. Low profit levels and the assumed customer's preference for achieving cost savings from the beginning of energy renovation can result in long contract periods tying up the capital. The ESCo model is unattractive in the current business climate, requiring modifications or integration with other maintenance services of housing associations. |
| |
| Keywords: | ESCo Heat entrepreneurship Business model |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
