Executive Order to save $100B in energy costsPresident Obama has signed an Executive Order to accelerate Investment in industrial energy efficiency. The order is estimated to result in energy cost savings of as much as $100 billion using technology such as combined heat and power and waste heat recovery. An aging electric generation infrastructure and affordable natural gas make investments in new generation capacity attractive. Encouraging investments in combined heat and power offers the opportunity for increasing the efficiency of energy-intensive manufacturing, while simultaneously meeting the need for new electric power generation capacity, according to the American Council for an Energy-Efficient Economy. The order seeks to foster the supply of 40 GW of energy by 2020 from greater efficiency such as combined heat and power systems. States, industrial companies, utility companies, and other stakeholders will all be engaged to drive investments. For more: |