Resumen
We describe the torus-equivariant cohomology ring of isotropic Grassmannians by using a localization map to the torus fixed points. We present two types of formulas for equivariant Schubert classes of these homogeneous spaces. The first formula involves combinatorial objects which we call ``excited Young diagrams'', and the second one is written in terms of factorial Schur Q- or P -functions. As an application, we give a Giambelli-type formula for the equivariant Schubert classes. We also give combinatorial and Pfaffian formulas for the multiplicity of a singular point in a Schubert variety.