Energy-as-a-service (EaaS) Meaning and Definition

Energy-as-a-service (EaaS) is a business model whereby customers pay for an energy service without having to make any upfront capital investment.

EaaS models usually take the form of a subscription for electrical devices owned by a service company or management of energy usage to deliver the desired energy service.

It benefits consumers by promoting advanced technology and its potential for expanding the deployment of low-carbon technologies.