Description

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Energy as a Service (EaaS) is an innovative business model where organizations outsource their energy needs to a third-party provider, similar to Software as a Service. Customers avoid upfront equipment costs and responsibility for maintenance; instead, the provider installs, operates, and manages the energy systems, assuming performance risks and often financing the project.

EaaS can also include ongoing monitoring, helping identify further energy savings and simplifying sustainability reporting for ESG and GHGI requirements. Customers pay a subscription or usage-based fee for the energy consumed.

While EaaS shares similarities with Energy Savings Performance Contracts (ESPCs), key differences exist. Understanding the benefits and challenges of EaaS is essential before deciding if it’s the right choice for your organization.

Learning Objectives:

1. Define Energy as a Service (EaaS) and how it differs from conventional energy procurement models.
2. Identify the main features and advantages of the EaaS business model, such as risk transfer, financing options, and continuous energy management.
3. Compare and contrast EaaS with Energy Savings Performance Contracts (ESPCs), highlighting the unique attributes and applications of each approach.
4. Evaluate the suitability of EaaS for various organizations by assessing its potential benefits and challenges in real-world scenarios.