Name

ESCON

Legal name

Escon Enerji A.Ş.

Website

https://escon.com.tr

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Industrial Energy Efficiency Services

NAICS

Computer Systems Design Services (541512), Electrical Equipment Manufacturing (3353)

SIC

Services-Computer Integrated Systems Design (7373), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Refrigeration & Service Industry Machinery (3580), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Energy & Sustainability Management (Energy Audits/Optimization/Carbon & ESG Programs) (IMAIAAAM)

akta.pro secondary industries

ESG Governance, Sustainability Reporting & Assurance Advisory (BPAHAFAJ), ESG Data Platforms, Controls & Audit Readiness (Data quality, internal controls) (EUAHAJAN)

Keywords

• Energy service company
• Industrial energy efficiency
• Energy performance contracting
• Waste heat recovery solutions
• Energy management consulting

Headquarters

HQ city

Cevizli

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Supply Chain

Revenue model

1. Enerji Performans Sözleşmesi (EPS): Energy Performance Contracting model where ESCON finances and implements energy efficiency projects, bearing all performance and implementation risk. The client pays from the energy savings generated by the project, with no upfront capital required from the client. ESCON assumes all financial, operational and technical risk.
2. Enerji Tedarik Sözleşmesi (ETS): Energy Supply Contracting where ESCON supplies energy (electricity, steam, cooling, hot/jthermal water, compressed air etc.) at contracted prices with high availability during the contract term. Clients reduce energy costs and avoid operational burdens of auxiliary facilities.
3. Enerji Verimliliği Danışmanlık Hizmetleri: Energy efficiency consulting services including detailed energy audits, project design, technical consulting, and Measurement & Verification (M&V) following IPMVP protocols. Revenue generated from professional service fees for engineering and advisory engagements.
4. Anahtar Teslim Sistem Çözümleri: Turnkey high-technology system solutions for energy efficiency, energy recovery, energy conversion, and renewable energy supply. Includes performance-guaranteed installation of equipment such as cooling systems, heat pumps, ORC, and waste heat recovery units.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

ESCON is Turkey's first Energy Service Company (ESCO), delivering performance-guaranteed energy efficiency, energy recovery, energy conversion, and renewable energy solutions for industrial enterprises and government institutions. The company provides energy audits, technical consulting, IPMVP-compliant measurement & verification, and turnkey high-technology system installations (waste heat recovery, ORC, heat pumps, industrial cooling, Energy Eye monitoring). Through Energy Performance Contracts (EPS) and Energy Supply Contracts (ETS), ESCON finances projects with no upfront capital required from clients, recovering payment from the energy savings generated.

Product overview

ESCON offers a comprehensive portfolio of energy efficiency products, technologies, and services. The core product ecosystem includes waste heat recovery solutions, industrial cooling systems, heat pumps, the Energy Eye real-time monitoring platform, Organic Rankine Cycle (ORC) systems, and renewable energy solutions—all backed by performance guarantees. Services encompass energy efficiency consulting, technical advisory, measurement and verification (IPMVP-compliant), Energy Performance Contracts (EPS) for no-capital efficiency projects, and Energy Supply Contracts (ETS). The Esco4Zero model integrates all four pillars (efficiency, recovery, transformation, renewables) under one turnkey, financed solution.

Differentiator

Problem solved

Functional benefit

Brands

• Esco4Zero: Business model covering energy efficiency, energy recovery, energy conversion, and renewable energy procurement with performance guarantee and financing for carbon-neutral transition.

Products and services

• Energy Efficiency Services (Enerji Verimliliği Hizmetleri) Strategic energy efficiency services for industrial enterprises, including detailed Energy Audits that analyze consumption and identify inefficiencies, and Investment-Oriented Energy Studies covering project design, implementation plans, and financial analysis.
• Technical Consulting Services (Teknik Danışmanlık Hizmetleri) Independent technical consulting helping businesses increase energy efficiency, reduce costs, and enhance environmental sensitivity, while supporting sustainable growth and energy supply security.
• Measurement & Verification (Ölçme ve Doğrulama) Professional IPMVP protocol-compliant analysis of energy efficiency investment results and carbon emission reduction monitoring, with reference-baseline establishment and performance reporting across verification options A, B, C, and D depending on project scale.
• Energy Performance Contract (Enerji Performans Sözleşmesi - EPS) Performance-guaranteed integrated service in which ESCON assumes all financial, operational, and technical risks of an energy efficiency project, enabling businesses to implement projects without any capital outlay; clients pay from the energy savings generated.
• Energy Supply Contract (Enerji Tedarik Sözleşmesi - ETS) Supply of energy (electricity, steam, cooling, hot/thermal water, compressed air, etc.) at agreed prices with high availability throughout the contract term, including operation and maintenance of auxiliary facilities.
• Esco4Zero Integrated Business Model Comprehensive business model covering four focus areas — energy efficiency, energy recovery, energy transformation, and renewable energy — providing performance-guaranteed, financing-enabled, turnkey solutions for carbon-neutral economy transition under one roof.
• Waste Heat Solutions (Atık Isı Çözümleri) Recovers waste energy from industrial processes to reduce energy costs and minimize environmental impact for industrial enterprises.
• Cooling Solutions (Soğutma Çözümleri) High-efficiency, environmentally friendly industrial cooling alternatives for industrial processes, including performance-guaranteed installation of centrifugal chillers (e.g., MHI water-cooled centrifugal chillers).
• Heat Pump Solutions (Isı Pompası) Innovative heat pump solutions for industrial heating and cooling needs by efficiently utilizing low-temperature energy sources.
• Energy Eye Real-Time Energy Monitoring Proprietary real-time energy consumption monitoring system providing efficiency analysis and optimization of energy management for industrial facilities.
• Organic Rankine Cycle (Organik Rankine Çevrimi - ORC) System enabling electricity generation from low-temperature heat sources for industrial applications.
• Renewable Energy Solutions (Yenilenebilir Enerji Çözümleri) Projects that increase utilization of solar and wind energy sources to reduce industrial carbon footprint.

Quantifiable outcome

• 5+ million tonnes CO2 emission reduction across completed projects
• +4 more outcomes

Named customers15 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• MWH (lead partner)coreStrategic or Co-development Partner · 8 October 2015ESCON is part of a consortium led by MWH, along with Exergia and Expertise France, executing the EU/IPA Energy Sector Technical Assistance Project (MENR IPA 12/CS04) for energy efficiency consulting services in Turkey. The project runs for 18 months from October 2015.
• EkodengecoreImplementation/ SI/ Consulting PartnerProject coordinator for Gaziantep Metropolitan Municipality's Sustainable Energy and Climate Action Plan (SEIEP). ESCON contributed industrial energy efficiency consulting within this multi-firm consortium.
• GTE (Green Technology Environment)coreStrategic or Co-development PartnerGTE serves as the project lead for multiple ESCON partnerships including the Gaziantep SEIEP (renewable energy and carbon projects) and the H&M Supplier Resource Efficiency program. ESCON acts as the industrial energy efficiency specialist within these consortiums.
• TURKECOminorImplementation/ SI/ Consulting PartnerPartner in the Gaziantep SEIEP consortium focused on green building projects. Worked alongside ESCON and Ekodenge on the Sustainable Energy and Climate Action Plan.
• GTE (Green Technology Environment)coreStrategic or Co-development PartnerGTE leads the H&M Supplier Resource Efficiency (Cleaner Production) Study in Turkey. ESCON provides technical consulting as the industrial energy efficiency specialist, conducting audits and action plans for 21 H&M textile suppliers across Turkey.
• ExergiacoreStrategic or Co-development PartnerEnergy efficiency consulting firm part of the EU/IPA MENR IPA 12/CS04 consortium alongside MWH, Expertise France and ESCON, focused on Turkish energy efficiency market development.
• Expertise FrancecoreStrategic or Co-development PartnerFrench development agency partner in the EU/IPA MENR IPA 12/CS04 consortium working on energy efficiency capacity building in Turkey.
• MHI (Mitsubishi Heavy Industries)coreTechnology or IntegrationTechnology provider for industrial cooling systems. ESCON installs high-efficiency MHI water-cooled centrifugal chillers with performance guarantees at client facilities. 6 chillers installed at Sütaş İzmir/Tire factory.
• Turkish-German Chamber of Industry and Commerce (AHK)minorGTM or Marketing PartnerCoordinated the ESCO Sector Review in Germany program (December 4-7, 2018) which included a Berlin workshop and technical trip for Turkish ESCOs including ESCON to examine best energy supply and performance contract practices.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• ABB: Provides drives, motors, energy monitoring and industrial automation efficiency solutions for factories, comparable to ESCON's industrial efficiency, heat pump and waste heat recovery work in discrete and process industries.
• Siemens Smart Infrastructure: Broad industrial energy efficiency, building technologies, and decarbonization portfolio serving global industrials; competes with ESCON on large factory retrofits, HVAC and energy monitoring engagements.
• Honeywell: Industrial energy efficiency software (Forge), building management, and performance services for process industries, overlapping ESCON's industrial monitoring and EPS proposition for large plants.

Direct peers

• Trane Technologies: Industrial HVAC, chillers and energy services business serving food & beverage, dairy and process manufacturers — directly overlapping ESCON's Sutaş, Pınar Süt and other dairy/F&B cooling engagements.
• ENGIE: Global ESCO and energy services major offering energy performance contracts, on-site energy supply, and industrial efficiency programs across Europe, MENA and emerging markets — directly comparable to ESCON's EPS/ETS offering at a multinational scale.
• Enel X (Enel Group): Energy efficiency services, demand response and ESCO-style industrial solutions across southern Europe and emerging markets — comparable to ESCON's energy efficiency, recovery and renewable integration offerings.
• Schneider Electric: Provides industrial energy management, efficiency consulting, and sustainability services (including resource advisor and M&V), overlapping with ESCON's Energy Eye monitoring and energy audit practice for industrial customers.
• Carrier: Global HVAC and industrial refrigeration OEM and service provider; ESCON partners with Mitsubishi Heavy Industries for chillers and competes in the same industrial cooling and heat pump space.
• Johnson Controls: Delivers building and industrial HVAC, cooling, and energy performance services globally — directly comparable to ESCON's industrial cooling solutions and MHI centrifugal chiller installations.
• Veolia: Operates energy services for industrial sites including heat/cooling supply and recovery, with ESCO-style contracts in EMEA — directly comparable to ESCON's Energy Supply Contracts and waste heat recovery work.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ESCONEnergy
• Facebookfacebook.com/esconenergy
• LinkedInlinkedin.com/company/escon-energy-savings-consultancy

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 ESCON