NORESCO: A Leader in Sustainable Energy Solutions
Founded in 1984 as a spin-off from Massachusetts Electric, NORESCO has evolved into a premier provider of comprehensive energy and decarbonization solutions [1]. Now operating as a subsidiary of Carrier Global Corporation (NYSE: CARR), the company specializes in helping clients address climate change through infrastructure modernization, decarbonization, and electrification initiatives [2].
Under the leadership of Senior Vice President of Strategy & Growth Darcy Immerman [2], NORESCO has achieved remarkable success in delivering sustainable solutions. The company's impact is demonstrated through:
- Guaranteed savings of over $5 billion in energy and operating costs
- Services provided to more than 10,000 facilities
- Reduction of CO2 emissions by 25 million metric tons (equivalent to 1.4 million acres of forest)
Federal Market Leadership
NORESCO maintains a strong presence in the federal sector, leveraging four decades of experience to deliver sustainable infrastructure solutions [1]. The company addresses critical federal agency priorities including:
- Energy and water efficiency maximization
- Climate-resilient infrastructure development
- Carbon-free energy implementation
- Scope 1 and 2 emissions reduction
- Net-zero emissions building development
Comprehensive Service Portfolio
NORESCO's technical expertise spans multiple disciplines, with core service categories including:
- Engineering Services (541330, 5413)
- Utility and Power/Co-Generation (237130)
- Water Treatment/Distribution (237110)
- Commercial/Institutional Construction Management (236220)
- Electrical, Lighting, and Controls (238210)
Commitment to Diversity
The company maintains strong partnerships with diverse business enterprises, including:
- Alaskan Native Corporations (ANC)
- Disadvantaged Business Enterprise (DBE)
- Women-Owned Small Businesses
- Minority Business Enterprises
- Service-Disabled Veteran-Owned Small Businesses
Recent Achievements and Recognition
NORESCO's industry leadership continues to strengthen through significant accomplishments:
- Selection for the U.S. Department of Energy's Fourth Generation Energy Savings Performance Contract with $5 billion ceiling [5]
- Renewal of NAESCO Accredited Energy Service Provider status in 2023 [4]
- Completion of a major microgrid project at Naval Submarine Base New London [1]
The company continues to expand its influence through strategic initiatives, including:
- Development of technical guides for building decarbonization with ASHRAE
- Partnership expansion with Dominion Energy for military infrastructure services
- Creation of new energy efficiency standards for the California Energy Commission