This document discusses innovation in energy services and the role of energy service companies (ESCOs) in transforming and decentralizing cities. It covers: 1) Status reports on energy reduction goals and progress; 2) How new technologies provide new solutions and opportunities; 3) Examples of decentralized power generation; 4) The ESCO business model of energy service companies; and 5) An announcement of a new energy service from Self Energy. The presentation encourages greater adoption of energy efficiency measures in buildings to meet climate targets and lower energy costs. It also highlights the ESCO model and integrated energy contracts for a more convenient solution.