US Energy as a Service Market

The US energy as a service market is projected to reach USD 34.60 billion by 2030 from USD 19.45 billion in 2024, at a CAGR of 10.1%. Energy as a Service (EaaS) is a new trend that allows customers to subscribe and pay for energy services without the need to install on-site equipment. This approach enables businesses and consumers to access clean energy services through subscription plans easily. In the US, three main factors are driving the EaaS market. First, there is a growing trend of using clean energy resources and technologies. Second, the US is developing a smart energy infrastructure that connects energy production and consumption through automated grid technologies. Ultimately, an increasing number of people are utilizing data and analytics to inform their energy use and planning.

The leading companies involved in strategies between 2020 and 2024 are Ameresco (US), Johnson Controls (Ireland), Veolia (France), Schneider Electric (France), and Siemens (Germany). These companies primarily focus on investments, expansions, contracts, agreements, partnerships, funding, and acquisitions to grow their market share and expand.

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Johnson Controls is a technology company that specializes in security, HVAC, building automation, and sustainability. Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products are its four operating segments. The company's Building Solutions divisions offer energy as a service solutions. It provides energy management and efficiency services to help buildings reduce energy consumption and enhance operational efficiency. It provides energy management and efficiency services that help buildings reduce energy consumption and improve operational efficiency. The business operates in Europe, Asia Pacific, North America, and other regions. Johnson Controls has been making various decisions to enhance its presence in the energy as a service industry. Recently, in October 2024, the company launched its PENN System 550, a modular control product designed to modulate HVAC and refrigeration processes. This product provides temperature, humidity, and pressure controls, in addition to A2L refrigerant leak detection capabilities, which respond to regulations concerning low-GWP refrigerants.

Ameresco is a prominent clean technology integrator offering a comprehensive suite of energy efficiency and renewable energy solutions. Ameresco helps organizations lower energy costs, improve system reliability, meet sustainability goals, and reach net-zero targets. The company achieves this by upgrading facilities and using clean, reliable energy systems. Its services include energy-as-a-service, energy optimization, renewable energy generation, and distributed energy systems. It also offers power purchase agreements (PPAs), microgrids with storage, EV charging infrastructure, and sustainability advisory services. Ameresco supports clients with energy information management, modernizing infrastructure, programs for sustainable assets, and performance-based contracts (ESPCs). Agreements, acquisitions, and contracts for the synergistic businesses and assets have played important roles in Ameresco's continued expansion of its footprint through strategic acquisitions. For instance, in 2023, the company acquired ENERQOS ENERGY SOLUTIONS SRL, a Milan-based firm specializing in renewable energy and energy efficiency solutions, strengthening Ameresco’s capabilities and market presence.

Related Reports:

US Energy as a Service (EAAS) Market by Service Type (Energy Supply Services, Operational & Maintenance Services, Energy Efficiency & Optimization Services), End User (Industrial, Commercial), – Global Forecast to 2030

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