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NEMA Commends President Obama’s Commitment to Energy Savings Performance Contracts (ESPCs)

05/9/2014 2:00PM

President Barack Obama announced a commitment today that his administration will continue to use energy savings performance contracts (ESPCs) to upgrade the energy efficiency of federal facilities. He set a goal for federal agencies to enter into $2 billion of ESPCs over the next three years, adding a specific target to his December 2013 announcement that the federal government would continue to use ESPCs to improve the performance of federal buildings and save taxpayers money through 2016. This will bring the total commitment up to $4 billion since President Obama first issued a goal for ESPCs in 2011.

“These investments will save Americans billions in energy costs, promote energy independence, and, according to independent estimates, create tens of thousands of jobs in the hard-hit construction sector,” the White House stated in a press release.

NEMA President and CEO Evan R. Gaddis commended the Obama administration for setting an ambitious and achievable goal.

“Today’s commitment builds on a history of dedication toward making federal facilities more energy-efficient and productive,” Gaddis said. “More than half of the energy we consume in the United States is wasted, and federal buildings are no exception. The federal government spends more than $6 billion each year on energy, so just a small improvement in energy efficiency can mean millions of taxpayer dollars saved.”

The federal government has already entered into $2.7 billion in ESPC projects that will pay for themselves at no cost to taxpayers.

NEMA and its member companies are committed to working with the administration to increasing the nation’s energy efficiency through high-performance buildings, Smart Grid technologies, industrial energy efficiency, residential energy efficiency, and intelligent transportation systems.

NEMA is the association of electrical equipment and medical imaging manufacturers, founded in 1926 and headquartered in Rosslyn, Virginia. Nearly 400 members strong, its companies manufacture a diverse set of products including power transmission and distribution equipment, lighting systems, factory automation and control systems, and medical  imaging and radiation therapy systems. Total U.S. shipments for electroindustry products exceed $100 billion annually.

Press Contact:
NEMA Communications


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