Today's News

Honeywell applauds Obama’s commitment to energy efficient federal buildings

May 12, 2014
/ Print / Reprints /
/ Text Size+

Honeywell says it supports President Obama’s plans to make $2 billion in efficiency-focused upgrades to federal facilities by 2016. The commitment, which the president unveiled May 9, extends a similar goal set over two years ago, which led to more than a billion in improvements at government buildings and military bases — work financed and implemented with private-sector support.

"America’s business leaders welcome the president’s increased commitment to improving energy efficiency in federal buildings,” said Dave Cote, Honeywell chairman and CEO. “Leveraging private-sector expertise and dollars to improve energy use in federal buildings is smart policy. We stand ready to work with the Administration and Congress to implement a national strategy that ensures abundant supplies of reliable, affordable energy for America’s homes and factories.”

The work is made possible through energy savings performance contracts (ESPCs), a model in which private financing pays for projects upfront and the resulting savings, guaranteed by energy services companies like Honeywell, help repay the loan. With this approach, federal agencies can make critical improvements without additional taxpayer dollars.

The new White House goal will increase the results of the past several years. During that time, the government identified more than 200 potential projects, which could lead to $2.7 billion in ESPCs and annual energy savings in excess of $100 million. According to the National Association of Energy Service Companies, every $10 million in guaranteed upgrades creates or sustains 95 jobs.

You must login or register in order to post a comment.



Image Galleries

ES Gallery: Snapshots & Systems

Check out highlights from projects featured in our magazine this year!
3/25/14 2:00 pm EST

Improving Cooling and PUE in Existing Data Centers

On-Demand This webinar will provide cost-effective practical tips and feasible retrofit solutions that can be implemented in operational data centers to address some cooling issues and improve energy efficiency.

Engineered Systems Magazine

ES July 2014 cover

2014 July

Check out the July 2014 issue of Engineered Systems, with features on chiller retrofits in health care facilities, building automation, and much more!

Table Of Contents Subscribe

Data Collection

Following Paul Ehrlich's BAS column, what describes your team's performance with data collection, normalization/storage, and analytics/reporting?
View Results Poll Archive


The Green Energy Management Book

Learn from our experts how to evaluate job opportunities, market your services, sell a Walk-through Survey, target areas for an Energy Audit, calculate energy savings, do retrofit work, and win continuing contracts for retrofit work.

More Products

Clear Seas Research

Clear Seas Research ImageWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Tomorrow's Environment Podcast

This series from longtime columnist and chronic forward-thinker Howard McKew covers a lot of ground -- from retrocommissioning to systems training, on toward checklists for drawings and tips for meeting minutes. Click HERE to be taken to the podcast page!


new Facebook icon Twitter icon YouTube iconLinkedIn icon  Google+