Washington, DC - The US President signed an executive order 30 Aug 2012 to encourage investments in industrial energy efficiency to strengthen American manufacturing and help create jobs.
A White House statement said these efforts to boost industrial energy efficiency, including combined heat and power systems, can save manufacturers as much as $100 billion in energy costs over the next decade, improving their bottom lines and strengthening US manufacturing competitiveness.
These types of efficiency measures will reduce energy consumption and also cut harmful emissions.
"Today, we are taking another step to strengthen American manufacturing by boosting energy efficiency for businesses across the nation," said Obama, in the statement.
"This action will cut costs, increase efficiency, and help our businesses create strong, middle class jobs. We'll continue to do everything we can to put more people back to work and build an economy that lasts."
The order builds on steps the administration has taken to scale-up private sector investments in energy efficiency in homes, buildings, and factories, with efforts like the Better Buildings Initiative and investments upgrading homes around the US.
It also directs the Departments of Energy, Commerce, and Agriculture, and the Environmental Protection Agency, to coordinate actions at the Federal level while providing policy and technical assistance to states to promote investments in industrial energy efficiency.
The order sets a new goal of 40 gigawatts of new combined heat and power capacity by 2020, a 50-percent increase. Meeting this goal would save energy users $10 billion per year, add $40-$80 billion investment in manufacturing and other facilities, and would reduce emissions equivalent to 25 million cars.