ESCO’s New Player
Edison International, parent company of Southern California Edison, the giant power utility, is formally launching its own ESCO unit.
Perhaps recognizing that California, Edison’s home market, is blazing a trail for other states mandating significant increases in energy efficiency, Edison wants to participate and benefit directly.
Excerpt from New York Times article:
“In time, energy will no longer be sold as a commodity, but instead delivered as a comprehensive service, in which companies get access to reliable, sustainable and affordable energy and energy management programs,” reads a position paper the company plans to release in conjunction with its announcement. “Through Edison Energy, we want to help create this market for what one might call Energy-as-a-Service.”
Edison’s targeted customers are Fortune 500-sized companies, leaving lots of room for new smaller ESCO companies to serve the rest of the market and grow to become ESCO giants.
Monarch Bay has an established team of research, sales and corporate finance professionals focused on ESCO. Please contact us to discuss your capital market goals.