Applus+ in India has been recently awarded the “CRISIL – BEE Grade 3” for ESCO business. This distinction takes into account terms of success in the implementation of energy efficiency projects based on performance contracting, availability of technical manpower, financial strength, etc., and allows us to conduct energy efficiency projects. The grading is valid for two years and will not be kept under surveillance. ESCO is an acronym of Energy Service Company. Being an ESCO graded company means we are a company ready to execute energy conservation projects on a performance basis.
ESCOs operate by providing a savings guarantee, risk management in the implementation of the energy efficiency projects, and also perform measurement & verification (M&V) activities to quantify actual energy savings after the implementation of energy efficiency projects. Applus+ will now be listed on the Bureau of Energy Efficiency website and is allowed to perform a wide range of services in energy auditing & efficiency projects. The Bureau of Energy Efficiency is a government body under the Ministry of Power and Government of India.
ESCO business will be a thriving vertical for Applus+ India capabilities and enable us to grow multi-fold.
Below are the official announcements of this grading: