DCO Energy

What DCO Energy does

DCO Energy is a privately held, vertically integrated distributed energy infrastructure developer founded in 2000 and headquartered in Mays Landing, New Jersey, owned through the Jingoli family's Joseph Jingoli & Son, Inc. The company develops, engineers, builds, owns, and operates combined heat and power (CHP/CHCP) plants, microgrids, district energy systems, and renewable energy facilities (solar, biomass, landfill gas) for enterprise, institutional, and government customers. Assets range from 2 MW to 50 MW in capacity, spanning gas turbines, reciprocating engines, steam turbines, and fuel cells, with proprietary CHCP technology that recovers waste heat for combined thermal and electrical output at 80%+ efficiency versus ~40% for conventional central power generation.

The company serves healthcare systems (AtlantiCare, Rutgers Cancer Institute, RWJ Barnabas Health), higher education (Montclair State University), gaming and hospitality (Bally's, Caesars, Wild Wild West, Ocean Resort), manufacturing (Kraft Heinz, Procter & Gamble), and government and military clients (Jersey City Public Schools, Casino Reinvestment Development Authority, Marine Corps Logistics Base Albany). It holds NAESCO Energy Services Company accreditation, ranks #145 in the ENR Top 400 Contractors and #15 in ENR Power sector in 2024, and is consistently ranked among the top family-owned businesses and contractors in New Jersey.

DCO operates across four revenue streams: (1) Engineering, Procurement and Construction under guaranteed maximum price contracts, with a project track record exceeding $1 billion in cumulative executed value; (2) asset ownership and operations providing multi-decade operations, maintenance, fuel procurement, and environmental compliance under recurring managed-service agreements; (3) project development and equity co-investment alongside infrastructure funds including Basalt and Vauban Infrastructure Partners; and (4) outcome-based Energy Savings Improvement Program (ESIP) performance contracts for public-sector clients, executed under multi-year terms (notably the $122 million Jersey City Public Schools ESIP and the $77 million Atlantic City CRDA program). The company has co-developed district energy assets with capital partners, divested asset stakes to institutional investors while retaining long-term operating contracts, and most recently entered into a 35 MW industrial-scale river-water heat pump partnership with Vicinity Energy and Everllence in Cambridge, Massachusetts.

Name

DCO Energy

Legal name

Joseph Jingoli & Son, Inc.

Website

https://dcoenergy.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

101–250 employees

Short description

DCO Energy is a vertically integrated energy infrastructure developer that designs, builds, owns, and operates combined heat and power systems, microgrids, district energy facilities, and renewable energy projects for healthcare, education, government, manufacturing, and hospitality clients across North America.

Ownership category

akta.pro rank

Product category

Distributed Energy Infrastructure and Energy Services

NAICS

Electric Power Generation (22111), Solar Electric Power Generation (221114), Electric Power Generation, Transmission and Distribution (2211)

SIC

Cogeneration Services & Small Power Producers (4991), Electric Services (4911)

akta.pro primary industry

Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ)

akta.pro secondary industries

Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Hybrid Renewable + Storage Plant Integration (Solar+Storage, Wind+Storage) (EUAEAEAE), Power Plant Electrical Systems EPC (Switchyard, Transformers, Protection & Controls) (EUAEAAAM), Environmental & Permitting Execution Services (Erosion Control, Habitat Mitigation, Compliance) (EUAEADAL)

Keywords

• Combined heat power systems
• District energy infrastructure
• Microgrid development
• Energy savings performance contracts
• Renewable energy facilities

Headquarters

HQ city

Mays Landing

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel

Revenue model

1. Engineering, Procurement and Construction (EPC): DCO provides EPC services for energy projects, executing under guaranteed maximum price models with shared savings arrangements. The company has a track record of performance on over $1 billion of projects.
2. Asset Ownership and Operations: DCO invests equity in projects and operates/maintains energy infrastructure, providing long-term asset management services including fuel procurement, budgeting, performance optimization, and environmental compliance.
3. Project Development: DCO develops sustainable and renewable energy facilities, seeking opportunities to acquire existing assets and partnering with affiliates and equity funds for project financing and co-development.
4. Energy Savings Performance Contracts: DCO executes ESIP projects for public institutions, delivering guaranteed energy savings through facility improvements with financing structured over multi-year terms (e.g., $122M Jersey City Schools project, $77M Atlantic City CRDA project).

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

DCO Energy is a developer, EPC contractor, and long-term operator of sustainable and renewable energy infrastructure. The company finances, designs, builds, owns, operates, and maintains combined heat and power (CHP/CHCP) plants, microgrids, district energy systems, renewable energy facilities (solar, biomass, landfill gas), and energy efficiency upgrades for large institutional and industrial customers. Service delivery spans DBOOM (Design, Build, Own, Operate, Maintain) arrangements, EPC contracts under guaranteed maximum price, and ESIP-based performance contracts with public sector clients.

Product overview

DCO Energy operates as a vertically integrated energy infrastructure company offering a comprehensive suite of services across the project lifecycle. The core offerings include Asset Management and Operations, Project Development and Facility Ownership, Engineering Procurement and Construction (EPC), Renewables and Energy Efficiency, and Microgrids and Combined Heat, Chilling and Power (CHCP). These services are delivered through various delivery models including DBOOM (Design, Build, Own, Operate, Maintain), EPC contracting, and Operate & Maintain agreements. The company specializes in district energy systems, campus microgrids, renewable energy facilities, and energy efficiency programs for diverse clients including universities, hospitals, casinos, industrial facilities, and government institutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Asset Management and Operations

Quantifiable outcome

• $4 million annual savings for Montclair State University from microgrid
• +7 more outcomes

Named customers11 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Eight partnerships are on record, tiered core and minor.

• Vicinity EnergycoreStrategic or Co-development Partner · 4 November 2025DCO is partnering with Vicinity Energy to install and provide balance of plant modifications for a 35MW river-based industrial-scale heat pump complex at Vicinity's Kendall Square facility in Cambridge, MA. The project will harness the Charles River for carbon-free steam generation, with completion expected by 2028. DCO CEO Gary Fromer emphasized the collaboration builds on recent successful joint projects in Philadelphia.
• Everllence (formerly MAN Energy Solutions)coreTechnology or Integration · 4 November 2025Everllence is providing the mega heat pump technology for Vicinity Energy's river-source heat pump complex. Everllence's heat pump technology will harvest thermal energy from the Charles River to generate carbon-free steam for district energy systems in Boston and Cambridge.
• Casino Reinvestment Development Authority (CRDA)coreStrategic or Co-development Partner · 27 February 2025CRDA partnered with DCO Energy on a $77 million Energy Savings Infrastructure Program for the Atlantic City Convention Center and Jim Whelan Boardwalk Hall. The project includes 7.5 MW solar arrays, new chilled water/hot water plant, and LED lighting upgrades.
• Jersey City Public SchoolscoreStrategic or Co-development Partner · 23 October 2023DCO Energy finalized a $122 million Energy Savings Improvement Program contract with Jersey City Public Schools, the largest ESIP approved by NJBPU. The project includes solar installations, HVAC upgrades, LED lighting, and water conservation across 44 schools representing 5.5 million square feet.
• Cartier EnergyminorOthers · 1 January 2022Cartier Energy acquired DCO's Montclair State University CHCP project in 2022. DCO continues to operate and maintain the system under the new ownership.
• Clearway Energy GroupminorOthers · 1 June 2020Clearway Energy Group sold the Energy Center Dover cogeneration facility to DB Energy Assets (DCO/Basalt partnership). The 111 MW facility sells power to PJM and provides steam to Kraft Heinz and P&G facilities.
• IQHQminorChannel Partner/ Reseller/ DistributorIQHQ is an eSteam customer of Vicinity Energy receiving carbon-free thermal energy through the district energy system in Boston/Cambridge.
• Emerson CollegeminorChannel Partner/ Reseller/ DistributorEmerson College is an eSteam customer of Vicinity Energy, receiving carbon-free thermal energy as part of their sustainability strategy and local regulatory compliance (BERDO, BEUDO).

Scale indicators16 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Ameresco: Ameresco is a publicly traded NAESCO-accredited Energy Services Company that develops, designs, builds, owns, and operates renewable energy and energy efficiency projects for institutional, government, and industrial clients — the closest publicly traded analog to DCO's ESIP/ESCO and DBOOM business.
• NORESCO: NORESCO, a Carrier (United Technologies) subsidiary, is one of the largest US ESCOs designing and implementing energy-efficiency, district energy, and on-site power projects for higher-ed, healthcare, and government clients — directly comparable to DCO's institutional ESIP portfolio.

Broad incumbents

• Constellation Energy: Constellation (formerly Exelon Generation) — DCO CEO Gary Fromer's prior employer — is the largest US competitive power supplier with a substantial distributed energy / on-site generation business, comparable to DCO's CHP/CHCP and PJM-grid-connected cogeneration projects.
• ENGIE North America: ENGIE's North American arm develops, owns, and operates distributed energy, district energy, and on-site cogeneration assets for institutional and industrial customers — comparable scope to DCO, with broader portfolio scale and balance-sheet capacity.
• WGL Energy (formerly Washington Gas Light Energy Services): WGL Energy is a retail energy provider that has expanded into on-site energy infrastructure including combined heat and power and district energy projects — comparable to DCO's Northeast US district energy and on-site cogeneration positioning.
• Siemens Energy: Siemens Energy provides gas turbines, steam turbines, and EPC services for industrial-scale cogeneration and power plants — directly comparable to DCO's 2–50 MW project range using the same OEM equipment and competing for similar industrial/utility RFPs.
• Veolia North America: Veolia operates one of the largest district heating and cooling networks in the US (including systems in Philadelphia, Boston, and other Northeast cities), overlapping directly with DCO's district energy and cogeneration operations while being a much larger multinational utility-services incumbent.
• Honeywell Energy and Sustainability Solutions: Honeywell's energy and sustainability group executes energy savings performance contracts, retrofits, and on-site generation upgrades for commercial, healthcare, and higher-ed customers — overlapping with DCO's ESCO/ESIP capability as a broader incumbent energy services provider.

Emerging players

• Bloom Energy: Bloom Energy deploys solid-oxide fuel cell systems for on-site combined heat and power — directly competitive with DCO's CHCP offerings on campuses (e.g., customers like universities and hospitals) where both solutions provide clean, resilient behind-the-meter generation.
• ICF International (Energy Services): ICF's energy services division supports public-sector ESIP program design, energy management, and program implementation for K-12 and higher-ed clients — overlapping with DCO's ESIP program execution, though focused more on advisory/program management than EPC.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/dco-energy

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about DCO Energy