Today at Berkeley Lab

Report: U.S. Energy Services Companies Grew Despite Recession

Aggregate revenue growth rates for U.S. energy service companies (ESCOs) significantly outpaced U.S. GDP growth during the three-year period 2009 to 2011, according to a new report by researchers in the Environmental Energy Technologies Division. “We anticipate that U.S. ESCO industry revenues could double in size between today and 2020,” said co-author Peter Larsen. “Based on historical trends, it is possible that the industry could grow 8 to12 percent annually depending on a number of scenarios − potentially achieving revenues of more than $15 billion in 2020. More>

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