Read the full post at The Energy Blog.
Industrial processes — from petroleum refineries and paper mills to chemicals and metals industries — consume about one-third of all energy produced in the United States. While the Energy Department is investing in advanced energy-saving technologies like carbon fiber and 3D printing, we also see great potential in more traditional technologies — like combined heat and power (CHP) — that strengthen U.S. manufacturing competitiveness, lower energy consumption and reduce harmful emissions.
Last August, President Obama directed federal agencies to help facilitate investments in industrial energy efficiency, such as CHP systems, that can save manufacturers as much as $100 billion in energy costs over the next decade. The President’s Executive Order established a new national goal of 40 gigawatts of new CHP capacity by 2020 — a 50 percent increase from today. Meeting this goal would save American manufacturers and companies $10 billion each year, result in $40 to $80 billion in new capital investment in plants and facilities that would create American jobs and reduce emissions equivalent of taking 25 million cars off the road.
These efforts underscore President Obama’s goal of cutting energy waste from homes and businesses in half over the next two decades and accelerating the resurgence of American manufacturing, as announced in the State of the Union last month.