Schneider Electric, the global leader in energy management and sustainability, today announced that it has retained the top spot in the 2023 Guidehouse Insights Energy Service Company (ESCO) Leaderboard. Guidehouse Insights is a global market intelligence firm that uses a proprietary methodology to provide an objective assessment of the ESCO market.
This marks the third consecutive Leaderboard in which Guidehouse Insights has ranked Schneider Electric as the #1 ESCO, demonstrating its commitment to innovation and client satisfaction.
Prohibitive upfront investments
"Schneider Electric's consistent leadership in the ESCO category reflects our commitment to not just meet, but exceed our clients' expectations,” said James Potach, Senior Vice President, Sustainability Business at Schneider Electric. “Our focus on innovative funding and infrastructure solutions are designed to lay the foundation for sustainable communities, making a positive impact for citizens and businesses.”
Schneider Electric emerged as the frontrunner in this year's report due to its client-centric approach
Schneider Electric emerged as the frontrunner in this year's report due to its client-centric approach to tackling climate change, which has led it to complete over 1,000 energy savings performance contracts (ESPCs). These ESPCs offer public entities a holistic solution that achieves sustainability and cost-cutting goals while avoiding prohibitive upfront investments.
Comprehensive infrastructure project
Schneider Electric has delivered nearly $4 billion in solutions, including:
- Sierra Vista, AZ – City leaders had an ambitious plan to become the premier sports tourism destination in the Southwest. Working with Schneider Electric, they were able to modernize community facilities to benefit residents and visitors alike, while also increasing environmental leadership. This sustainable infrastructure project is expected to yield over $138 million in positive economic impact over the next 25 years.
- Gulf Shores City Schools, AL – The school district had their sights set on becoming the most innovative, state-of-the-art district in the region. Schneider Electric delivered a comprehensive infrastructure project focused on sustainability, resilience and student engagement. As a result of this work, the district was named a 2023 Green Ribbon School by the U.S. Department of Education.
- Modesto City Schools, CA – With a focus on improving sustainability, equity, and student health, Schneider Electric helped this historically disadvantaged school district overhaul their infrastructure. Project highlights include pioneering the EV transition with the single largest order of Blue Bird EV buses in the nation.
Sustainable energy solutions
The 2023 Guidehouse Insights ESCO Leaderboard assesses the strategy and execution of 11 players in the energy services space.
The industry landscape has been reshaped by heightened environmental awareness
The Leaderboard report also highlights the continued growth of the energy services market over the past five years, which is evolving in response to global demand for clean and sustainable energy solutions. The industry landscape has been reshaped by heightened environmental awareness and increasing demand for public sector entities and businesses to curtail carbon emissions. Funding made available through the Inflation Reduction Act and other federal legislation is also expected to spur increased investment.
Combat environmental challenges
As the ESCO market continually evolves, Schneider Electric's consistent leadership reflects its ability to adapt and diversify.
According to the report, "Schneider Electric’s first-place position in this Guidehouse Insights Leaderboard is because of its comprehensive vision that addresses long-term climate change and energy crises—centered on a commitment to combat environmental challenges through sustainable solutions. It demonstrates this by its emphasis on energy resilience, with projects designed for optimal performance and their ability to withstand unforeseen emergencies. Schneider Electric is aiming to make energy management more resilient by promoting electrification and integrating emergency response planning.”
