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Climate TagsEnergy transition financing
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  • This case study examines a proposed $2 million motor system upgrade at the Western Oil & Gas Company refinery in Richmond, California. Despite potential energy efficiency and reliability gains, the project faced internal hurdles including high operational risks, low strategic priority, and capital constraints due to other regulatory expenditures. The document explores how the involvement of an energy services company (ESCo) and a specialized financing firm provided the technical expertise and alternative funding structures—such as performance-based financing—necessary to make the project viable.

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    Themes: energy efficiencyindustrial decarbonizationenergy transition financingdemand-side management
    World Resources Institute

    Document type: Case study

    Regions: Richmond
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