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Cities have reached a huge magnitude and they represent great potential improvement platforms for wealth, employment and competitiveness creation, but also they involve an enormous amount of complexity that emphasized their future management challenges. Cities evolution could be seen as a strong trend towards the development of more efficient and livable cities that have been called "Smart Cities", where one of key topics is linked to how efficiently scarce resources are managed. This document analyzes the development of Energy Service Companies (ESCO) in Spain, as a type of organization preliminary focused on promoting and managing projects related to the efficient use of energy, being their business success linked to energy savings achieved by their clients and getting their revenue from these achieved savings. Outcome of this study expects to provide information of interest to understand the current development of ESCO model projects in Spain as example of what is happening in several major European Union (EU) countries in relation to Smart Cities development and subsequence ESCO growth, the important barriers they currently face to grow faster, and to find evidences of how collaboration between organizations could facilitate energy efficiency management, which at the end is linked to a better understanding of the future development of “Smart Cities” initiatives in EU countries.
