ADI Energy, an energy services company headquartered in Smithfield, Rhode Island, today announces it has joined the National Association of Energy Service Companies (NAESCO). Based in Washington DC, NAESCO is the leading national trade organization representing and promoting the energy efficiency industry in the energy marketplace, the media, and the government both at the state and federal level. As a state and federal contractor, ADI has a vested interest in supporting NAESCO to promote its energy efficiency and renewable energy efforts on behalf of its customers.
“NAESCO has been the voice and a guiding force of the energy services industry for the past three decades. We are excited to add our perspective in this ever-changing field.” said John Rizzo PE, President and CEO of ADI Energy.
Energy Service Companies contract with private and public-sector energy users to provide cost-effective energy efficiency retrofits across a wide spectrum of client facilities, from college campuses to water treatment plants. Effectively utilizing a performance-based contract business model, ESCOs have implemented significant comprehensive energy efficiency retrofit projects over the last three decades. The latest Lawrence Berkeley National Laboratory Report estimates that ESCO investment in energy efficiency retrofit projects currently runs about $5 billion a year. Since 1990, ESCOs have delivered:
- $45B in projects
- $50B savings – guaranteed and verified
- 425,000 person-years of direct employment
- $30 billion of infrastructure improvements
- 470 million tons of CO2 savings at no additional cost