Renewable energy technology is an integral part of an expansive approach to addressing the challenges of the energy transition. NORESCO is an expert in integrating renewable technologies with other modern and traditional technologies that help customers reduce greenhouse gas emissions and make progress toward decarbonization goals. Our team can customize renewable technology solutions that balance efficiency, resiliency, and flexibility with available utility and government incentives to make renewable energy cost-effective.
Companies, institutions, and governments have committed to dramatically cutting carbon emissions at their facilities. NORESCO delivers onsite renewable generation and thermal decarbonization to meet these aggressive goals with sustainable, cost-competitive options. According to the U.S. Energy Information Administration (EIA), annual renewable power generation surpassed nuclear generation for the first time in 2021 and, as of 2023, accounts for 22% of U.S. electric power generation.
Our customers generate energy from biomass, hydropower, geothermal, wind, and solar, and our installations include solar photovoltaic systems, battery energy storage systems (BESS), microgrids, cogeneration plants, geothermal heat pumps, and electric vehicle (EV) infrastructure, among others. We evaluate grid connectivity, resiliency, and demand response opportunities to optimize our customers’ distributed generation and enhance their resilient operations.
Renewable energy projects delivered by NORESCO may require no capital outlay when implemented under an energy savings performance contract. Renewables can be bundled with other energy conservation measures to optimize overall efficiency, sustainability, and onsite savings. Customers may choose to implement renewable technologies with NORESCO under other contract structures that best fit their financial and operational goals, including power purchase agreements (PPAs), engineer-procure-construct (EPC), design-build, or design-build-own-operate-maintain (DBOOM) contract structures.
Want to learn more about the best renewable energy opportunities for you? Contact us today to discuss custom solutions for your space.
