ESCO business models for biomass heating and CHP: Profitability of ESCO operations in Italy and key factors assessment
Author
Abstract
Suggested Citation
DOI: 10.1016/j.rser.2013.10.001
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Kelly, Scott & Pollitt, Michael, 2010. "An assessment of the present and future opportunities for combined heat and power with district heating (CHP-DH) in the United Kingdom," Energy Policy, Elsevier, vol. 38(11), pages 6936-6945, November.
- Efremov, Dmitry & Smirnyagin, Danil & Valerianova, Olga & Hernesniemi, Hannu, 2004. "ESCO Companies in Northwest Russia, Legal Issues and Organizational Schemes," Discussion Papers 912, The Research Institute of the Finnish Economy.
- Bridgwater, A. V. & Toft, A. J. & Brammer, J. G., 2002. "A techno-economic comparison of power production by biomass fast pyrolysis with gasification and combustion," Renewable and Sustainable Energy Reviews, Elsevier, vol. 6(3), pages 181-246, September.
- Saidur, R. & Abdelaziz, E.A. & Demirbas, A. & Hossain, M.S. & Mekhilef, S., 2011. "A review on biomass as a fuel for boilers," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(5), pages 2262-2289, June.
- Pantaleo, Antonio & Gennaro, Bernardo De & Shah, Nilay, 2013. "Assessment of optimal size of anaerobic co-digestion plants: An application to cattle farms in the province of Bari (Italy)," Renewable and Sustainable Energy Reviews, Elsevier, vol. 20(C), pages 57-70.
- Reidhav, Charlotte & Werner, Sven, 2008. "Profitability of sparse district heating," Applied Energy, Elsevier, vol. 85(9), pages 867-877, September.
- Okay, Nesrin & Akman, Ugur, 2010.
"Analysis of ESCO activities using country indicators,"
Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(9), pages 2760-2771, December.
- Okay, Nesrin & Akman, Ugur, 2009. "Analysis of ESCO Activities Using Country Indicators," MPRA Paper 17012, University Library of Munich, Germany.
- Onovwiona, H.I. & Ugursal, V.I., 2006. "Residential cogeneration systems: review of the current technology," Renewable and Sustainable Energy Reviews, Elsevier, vol. 10(5), pages 389-431, October.
- Chicco, Gianfranco & Mancarella, Pierluigi, 2007. "Trigeneration primary energy saving evaluation for energy planning and policy development," Energy Policy, Elsevier, vol. 35(12), pages 6132-6144, December.
- Gigler, J. K. & Hendrix, E. M. T. & Heesen, R. A. & van den Hazelkamp, V. G. W. & Meerdink, G., 2002. "On optimisation of agri chains by dynamic programming," European Journal of Operational Research, Elsevier, vol. 139(3), pages 613-625, June.
- Vine, Edward, 2005. "An international survey of the energy service company (ESCO) industry," Energy Policy, Elsevier, vol. 33(5), pages 691-704, March.
- Weber, C. & Shah, N., 2011. "Optimisation based design of a district energy system for an eco-town in the United Kingdom," Energy, Elsevier, vol. 36(2), pages 1292-1308.
- Bakken, Bjorn H. & Skjelbred, Hans I. & Wolfgang, Ove, 2007. "eTransport: Investment planning in energy supply systems with multiple energy carriers," Energy, Elsevier, vol. 32(9), pages 1676-1689.
- Bruglieri, Maurizio & Liberti, Leo, 2008. "Optimal running and planning of a biomass-based energy production process," Energy Policy, Elsevier, vol. 36(7), pages 2430-2438, July.
- Kaikko, Juha & Backman, Jari, 2007. "Technical and economic performance analysis for a microturbine in combined heat and power generation," Energy, Elsevier, vol. 32(4), pages 378-387.
- Vine, Edward L. & Murakoshi, Chiharu & Nakagami, Hidetoshi, 1998. "International ESCO business opportunities and challenges: a Japanese case study," Energy, Elsevier, vol. 23(6), pages 439-447.
- Sorrell, Steve, 2007. "The economics of energy service contracts," Energy Policy, Elsevier, vol. 35(1), pages 507-521, January.
- Persson, Urban & Werner, Sven, 2011. "Heat distribution and the future competitiveness of district heating," Applied Energy, Elsevier, vol. 88(3), pages 568-576, March.
- Okkonen, Lasse & Suhonen, Niko, 2010. "Business models of heat entrepreneurship in Finland," Energy Policy, Elsevier, vol. 38(7), pages 3443-3452, July.
- Sjödin, Jörgen & Henning, Dag, 2004. "Calculating the marginal costs of a district-heating utility," Applied Energy, Elsevier, vol. 78(1), pages 1-18, May.
- Ren, Hongbo & Zhou, Weisheng & Nakagami, Ken'ichi & Gao, Weijun, 2010. "Integrated design and evaluation of biomass energy system taking into consideration demand side characteristics," Energy, Elsevier, vol. 35(5), pages 2210-2222.
- van Dyken, Silke & Bakken, Bjorn H. & Skjelbred, Hans I., 2010. "Linear mixed-integer models for biomass supply chains with transport, storage and processing," Energy, Elsevier, vol. 35(3), pages 1338-1350.
- Thornley, Patricia & Upham, Paul & Huang, Ye & Rezvani, Sina & Brammer, John & Rogers, John, 2009. "Integrated assessment of bioelectricity technology options," Energy Policy, Elsevier, vol. 37(3), pages 890-903, March.
- Scott Kelly & Michael Pollitt, 2011.
"The Local Dimension of Energy,"
Working Papers
EPRG 1103, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
- Kelly, S. & Pollitt, M., 2011. "The Local Dimension of Energy," Cambridge Working Papers in Economics 1114, Faculty of Economics, University of Cambridge.
- Larsen, Peter H. & Goldman, Charles A. & Satchwell, Andrew, 2012. "Evolution of the U.S. energy service company industry: Market size and project performance from 1990–2008," Energy Policy, Elsevier, vol. 50(C), pages 802-820.
- Ren, Hongbo & Zhou, Weisheng & Gao, Weijun & Wu, Qiong, 2011. "Promotion of energy conservation in developing countries through the combination of ESCO and CDM: A case study of introducing distributed energy resources into Chinese urban areas," Energy Policy, Elsevier, vol. 39(12), pages 8125-8136.
- Míguez, J.L. & Morán, J.C. & Granada, E. & Porteiro, J., 2012. "Review of technology in small-scale biomass combustion systems in the European market," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(6), pages 3867-3875.
- Marino, Angelica & Bertoldi, Paolo & Rezessy, Silvia & Boza-Kiss, Benigna, 2011. "A snapshot of the European energy service market in 2010 and policy recommendations to foster a further market development," Energy Policy, Elsevier, vol. 39(10), pages 6190-6198, October.
- Hawkes, A.D. & Leach, M.A., 2007. "Cost-effective operating strategy for residential micro-combined heat and power," Energy, Elsevier, vol. 32(5), pages 711-723.
- Vine, E & Nakagami, H & Murakoshi, C, 1999. "The evolution of the US energy service company (ESCO) industry: from ESCO to Super ESCO," Energy, Elsevier, vol. 24(6), pages 479-492.
- Watson, Jim, 2004. "Co-provision in sustainable energy systems: the case of micro-generation," Energy Policy, Elsevier, vol. 32(17), pages 1981-1990, November.
- Goldman, Charles A. & Hopper, Nicole C. & Osborn, Julie G., 2005. "Review of US ESCO industry market trends: an empirical analysis of project data," Energy Policy, Elsevier, vol. 33(3), pages 387-405, February.
- Bertoldi, Paolo & Rezessy, Silvia & Vine, Edward, 2006. "Energy service companies in European countries: Current status and a strategy to foster their development," Energy Policy, Elsevier, vol. 34(14), pages 1818-1832, September.
- Office of Health Economics, 2001. "The Economics of the Private Finance Initiative in the NHS," Monograph 000470, Office of Health Economics.
- Gunnarsson, Helene & Ronnqvist, Mikael & Lundgren, Jan T., 2004. "Supply chain modelling of forest fuel," European Journal of Operational Research, Elsevier, vol. 158(1), pages 103-123, October.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Borges, Cosme P. & Silberg, Timothy R. & Uriona-Maldonado, Mauricio & Vaz, Caroline R., 2023. "Scaling actors’ perspectives about innovation system functions: Diffusion of biogas in Brazil," Technological Forecasting and Social Change, Elsevier, vol. 190(C).
- Joanna Kurowska-Pysz & Grzegorz Kunikowski, 2021. "The ESCO Formula as Support for Public and Commercial Energy Projects in Poland," Energies, MDPI, vol. 14(23), pages 1-23, December.
- Connor, Peter M. & Xie, Lei & Lowes, Richard & Britton, Jessica & Richardson, Thomas, 2015. "The development of renewable heating policy in the United Kingdom," Renewable Energy, Elsevier, vol. 75(C), pages 733-744.
- Herbes, Carsten & Halbherr, Verena & Braun, Lorenz, 2018. "Factors influencing prices for heat from biogas plants," Applied Energy, Elsevier, vol. 221(C), pages 308-318.
- Wenjie Zhang & Hongping Yuan, 2019. "Promoting Energy Performance Contracting for Achieving Urban Sustainability: What is the Research Trend?," Energies, MDPI, vol. 12(8), pages 1-18, April.
- Lizana, Jesús & Ortiz, Carlos & Soltero, Víctor M. & Chacartegui, Ricardo, 2017. "District heating systems based on low-carbon energy technologies in Mediterranean areas," Energy, Elsevier, vol. 120(C), pages 397-416.
- Chmielewski, Adrian & Gumiński, Robert & Mączak, Jędrzej & Radkowski, Stanisław & Szulim, Przemysław, 2016. "Aspects of balanced development of RES and distributed micro-cogeneration use in Poland: Case study of a µCHP with Stirling engine," Renewable and Sustainable Energy Reviews, Elsevier, vol. 60(C), pages 930-952.
- Cagno, Enrico & Franzò, Simone & Storoni, Elena & Trianni, Andrea, 2022. "A characterisation framework of energy services offered by energy service companies," Applied Energy, Elsevier, vol. 324(C).
- Liu, Guiwen & Zheng, Saina & Xu, Pengpeng & Zhuang, Taozhi, 2018. "An ANP-SWOT approach for ESCOs industry strategies in Chinese building sectors," Renewable and Sustainable Energy Reviews, Elsevier, vol. 93(C), pages 90-99.
- De Luca, Giovanna & Ballarini, Ilaria & Lorenzati, Alice & Corrado, Vincenzo, 2020. "Renovation of a social house into a NZEB: Use of renewable energy sources and economic implications," Renewable Energy, Elsevier, vol. 159(C), pages 356-370.
- Tereshchenko, Tymofii & Nord, Natasa, 2016. "Energy planning of district heating for future building stock based on renewable energies and increasing supply flexibility," Energy, Elsevier, vol. 112(C), pages 1227-1244.
- Colmenar-Santos, Antonio & Rosales-Asensio, Enrique & Borge-Diez, David & Blanes-Peiró, Jorge-Juan, 2016. "District heating and cogeneration in the EU-28: Current situation, potential and proposed energy strategy for its generalisation," Renewable and Sustainable Energy Reviews, Elsevier, vol. 62(C), pages 621-639.
- Elias Martinez-Hernandez & Myriam A. Amezcua-Allieri & Jorge Aburto, 2021. "Assessing the Cost of Biomass and Bioenergy Production in Agroindustrial Processes," Energies, MDPI, vol. 14(14), pages 1-17, July.
- Yao, Xing & Zhong, Ping & Zhang, Xian & Zhu, Lei, 2018. "Business model design for the carbon capture utilization and storage (CCUS) project in China," Energy Policy, Elsevier, vol. 121(C), pages 519-533.
- Testa, Riccardo & Foderà, Mario & Di Trapani, Anna Maria & Tudisca, Salvatore & Sgroi, Filippo, 2016. "Giant reed as energy crop for Southern Italy: An economic feasibility study," Renewable and Sustainable Energy Reviews, Elsevier, vol. 58(C), pages 558-564.
- Domenico Borello & Antonio M. Pantaleo & Michele Caucci & Benedetta De Caprariis & Paolo De Filippis & Nilay Shah, 2017. "Modeling and Experimental Study of a Small Scale Olive Pomace Gasifier for Cogeneration: Energy and Profitability Analysis," Energies, MDPI, vol. 10(12), pages 1-17, November.
- Alipour, Manijeh & Zare, Kazem & Mohammadi-Ivatloo, Behnam, 2016. "Optimal risk-constrained participation of industrial cogeneration systems in the day-ahead energy markets," Renewable and Sustainable Energy Reviews, Elsevier, vol. 60(C), pages 421-432.
- Shang, Tiancheng & Liu, Peihong & Guo, Junxiong, 2020. "How to allocate energy-saving benefit for guaranteed savings EPC projects? A case of China," Energy, Elsevier, vol. 191(C).
- Trutnevyte, Evelina & Strachan, Neil & Dodds, Paul E. & Pudjianto, Danny & Strbac, Goran, 2015. "Synergies and trade-offs between governance and costs in electricity system transition," Energy Policy, Elsevier, vol. 85(C), pages 170-181.
- Flavio Andreoli Bonazzi & Sirio R.S. Cividino & Ilaria Zambon & Enrico Maria Mosconi & Stefano Poponi, 2018. "Building Energy Opportunity with a Supply Chain Based on the Local Fuel-Producing Capacity," Sustainability, MDPI, vol. 10(7), pages 1-15, June.
- Caporale, Diana & De Lucia, Caterina, 2015. "Social acceptance of on-shore wind energy in Apulia Region (Southern Italy)," Renewable and Sustainable Energy Reviews, Elsevier, vol. 52(C), pages 1378-1390.
- Bertoldi, Paolo & Boza-Kiss, Benigna, 2017. "Analysis of barriers and drivers for the development of the ESCO markets in Europe," Energy Policy, Elsevier, vol. 107(C), pages 345-355.
- Chowdhury, Jahedul Islam & Hu, Yukun & Haltas, Ismail & Balta-Ozkan, Nazmiye & Matthew, George Jr. & Varga, Liz, 2018. "Reducing industrial energy demand in the UK: A review of energy efficiency technologies and energy saving potential in selected sectors," Renewable and Sustainable Energy Reviews, Elsevier, vol. 94(C), pages 1153-1178.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Wenjie Zhang & Hongping Yuan, 2019. "A Bibliometric Analysis of Energy Performance Contracting Research from 2008 to 2018," Sustainability, MDPI, vol. 11(13), pages 1-23, June.
- Okay, Nesrin & Akman, Ugur, 2010.
"Analysis of ESCO activities using country indicators,"
Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(9), pages 2760-2771, December.
- Okay, Nesrin & Akman, Ugur, 2009. "Analysis of ESCO Activities Using Country Indicators," MPRA Paper 17012, University Library of Munich, Germany.
- Wenjie Zhang & Hongping Yuan, 2019. "Promoting Energy Performance Contracting for Achieving Urban Sustainability: What is the Research Trend?," Energies, MDPI, vol. 12(8), pages 1-18, April.
- Fang, Wen Shwo & Miller, Stephen M. & Yeh, Chih-Chuan, 2012.
"The effect of ESCOs on energy use,"
Energy Policy, Elsevier, vol. 51(C), pages 558-568.
- WenShwo Fang & Stephen M. Miller & Chih-Chuan Yeh, 2012. "The effect of ECSOs on energy use," Working papers 2012-13, University of Connecticut, Department of Economics.
- Garbuzova, Maria & Madlener, Reinhard, 2012. "Russia’s Emerging ESCO Market: Prospects and Barriers for Energy Efficiency Investments," FCN Working Papers 6/2012, E.ON Energy Research Center, Future Energy Consumer Needs and Behavior (FCN), revised Sep 2012.
- Kindström, Daniel & Ottosson, Mikael, 2016. "Local and regional energy companies offering energy services: Key activities and implications for the business model," Applied Energy, Elsevier, vol. 171(C), pages 491-500.
- Carvallo, Juan Pablo & Murphy, Sean P. & Stuart, Elizabeth & Larsen, Peter H. & Goldman, Charles, 2019. "Evaluating project level investment trends for the U.S. ESCO industry: 1990–2017," Energy Policy, Elsevier, vol. 130(C), pages 139-161.
- Akman, Ugur & Okay, Esin & Okay, Nesrin, 2013. "Current snapshot of the Turkish ESCO market," Energy Policy, Elsevier, vol. 60(C), pages 106-115.
- Zhang, Mingshun & Wang, Mujie & Jin, Wei & Xia-Bauer, Chun, 2018. "Managing energy efficiency of buildings in China: A survey of energy performance contracting (EPC) in building sector," Energy Policy, Elsevier, vol. 114(C), pages 13-21.
- Stuart, Elizabeth & Larsen, Peter H. & Goldman, Charles A. & Gilligan, Donald, 2014. "A method to estimate the size and remaining market potential of the U.S. ESCO (energy service company) industry," Energy, Elsevier, vol. 77(C), pages 362-371.
- Nolden, Colin & Sorrell, Steve & Polzin, Friedemann, 2016. "Catalysing the energy service market: The role of intermediaries," Energy Policy, Elsevier, vol. 98(C), pages 420-430.
- Bertoldi, Paolo & Boza-Kiss, Benigna, 2017. "Analysis of barriers and drivers for the development of the ESCO markets in Europe," Energy Policy, Elsevier, vol. 107(C), pages 345-355.
- Pei-Chien Lin & Ming-Feng Hung, 2016. "The Effect of Energy Service Companies on Energy Use in Selected Developing Countries: A Synthetic Control Approach," International Journal of Energy Economics and Policy, Econjournals, vol. 6(2), pages 335-348.
- Qin, Quande & Liang, Fuqi & Li, Li & Wei, Yi-Ming, 2017. "Selection of energy performance contracting business models: A behavioral decision-making approach," Renewable and Sustainable Energy Reviews, Elsevier, vol. 72(C), pages 422-433.
- Töppel, Jannick & Tränkler, Timm, 2019. "Modeling energy efficiency insurances and energy performance contracts for a quantitative comparison of risk mitigation potential," Energy Economics, Elsevier, vol. 80(C), pages 842-859.
- Klinke, Sandra, 2018. "The determinants for adoption of energy supply contracting: Empirical evidence from the Swiss market," Energy Policy, Elsevier, vol. 118(C), pages 221-231.
- Mohammed Issa Shahateet & Mohammed Khazali & Ghani Albaali & Nadia Sweis & Abdul Ghafoor Saidi, 2021. "Barriers to Improving Energy Efficiency: Insights from Energy Services Companies in Jordan," International Journal of Energy Economics and Policy, Econjournals, vol. 11(2), pages 155-164.
- Hyein Yi & Sanghyo Lee & Jaejun Kim, 2017. "An ESCO Business Model Using CER for Buildings’ Energy Retrofit," Sustainability, MDPI, vol. 9(4), pages 1-21, April.
- Okay, Esin & Okay, Nesrin & Konukman, Alp Er S. & Akman, Ugur, 2008. "Views on Turkey's impending ESCO market: Is it promising?," Energy Policy, Elsevier, vol. 36(6), pages 1821-1825, June.
- Cagno, Enrico & Franzò, Simone & Storoni, Elena & Trianni, Andrea, 2022. "A characterisation framework of energy services offered by energy service companies," Applied Energy, Elsevier, vol. 324(C).
More about this item
Keywords
District heating; Biomass heat; CHP; Boiler; Wood chip; Organic Rankine cycle (ORC);All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:rensus:v:30:y:2014:i:c:p:237-253. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/description#description .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.