eu.esco ManagEnergy article: EU ESCO market not up to scratch

Energy performance contracting (EPC) has been in place in the EU for over thirty years, but the market remains underdeveloped. This is despite increasing and volatile energy prices, federal and state energy-savings mandates, and a growing awareness of the need for large-scale action to limit greenhouse gas emissions. This is the assessment of Volker Dragon, Senior Manager Industry Affairs with Siemens Technologies and Chairman of the European Association of Energy Service Companies. ‘We are still far away from the EU ambition to renovate the existing building stock by 2050 and the EPC market is stagnating at a low level.’