Energy Savings Business
ESCO (Energy Service Company)
ESCO(Energy Service Company) is a business for energy-user who wants to save energy by complementing or ordering energy-saving systems but has difficulties in proceeding it due to the technical and economical burdens. ESCO guarantees the energy savings from the installation of energy-saving systems and minimizes the economic burdens through redemption by installment of full investment cost by the reduced cost from energy-saving.
Subject for ESCO Business
For all businesses including industrial facilities, buildings, apartments, public facilities, etc. who can save more than 5% of energy savings.
- For the case of replacing from high energy consumption systems to high energy efficient systems.
- For high efficient energy equipment : replacing LED lights, transformers, inverters
- For waste heat recovery proejcts: heat exchangers, waste heat recovery boilers, heat pumps, etc.
- For process improvement projects expecting more than 5% of energy saving effects
- Supporting total 86 items including other inverter control compressor, gas air-conditioning facilities, etc.
Characteristics of ESCO loan funds(Energy Usage Rationalization Fund)
- Subject: SMEs and large companies who wish to save energy
- Supporting amount : Less than USD 15,000,000 (15 Billion in Korean Won) per a same investor, minimum USD 20,000 (20 Million in Korean Won)
*Exchange rate applied : 1 USD = 1,000 Korean won
Benefits of ESCO investment
- Review the economic feasibility with professional energy diagnosis
- Long-term and low interest loan for 100% of initial investment cost from policy funds
- ESCO guarantees saving rate up to payback of investment cost.
ESCO Fund Supporting Procedures
- ① Hybrid servo system (System Retrofit)
- ② Improve the LED lighting