Administration Follows Manufacturers’ Lead on Energy Efficiency
NAM Report Showed Initiative Spurred Investment and Created Jobs
Manufacturers who have been leaders in developing and utilizing energy-efficient technologies and products today commended President Obama for his announcement to renew the Energy Savings and Performance-Based Contracting Investment Initiative with a brand-new, $2 billion target. The federal government recently completed the President’s initial two-year, $2 billion initiative, first announced in December 2011.
In December 2013, the NAM issued a report assessing the President’s program, using data from the companies involved. The report found that more than $1.3 billion worth of projects will have been awarded by the end of 2013, with another $1 billion worth of projects in various stages of the development pipeline and expectations of an additional $200 million being awarded in early 2014. Moreover, the President’s initiative created jobs across the manufacturing supply chain in almost every U.S. state.
“Performance-based contracts are a win-win-win for manufacturers, the federal government and the American public,” said NAM President and CEO Jay Timmons. “The government has saved money and energy by upgrading its buildings; jobs have been created across the supply chain to manufacture and install these products and technologies; and by leveraging the power of the private sector, there have been no upfront costs to taxpayers. Manufacturers thank President Obama for committing again to this highly successful, job-creating initiative.”
Click here to read the executive summary of the NAM’s Improving Federal Energy Savings Through Performance Contracting report. Click here to read the full report.