The Obama Administration announced recently that six new major U.S. companies are joining President Obama’s Better Buildings Challenge, which encourages private sector leaders across the country to commit to reducing the energy use in their facilities by at least 20 percent by 2020. Starbucks Coffee Company, Staples, and The J.R. Simplot Company will upgrade more than 50 million square feet of combined commercial building space, including 15 manufacturing facilities. Financial allies Samas Capital and Greenwood Energy will also make $200 million in financing available for energy efficiency upgrades through this national leadership initiative. Utility partner Pacific Gas and Electric (PG&E) has also committed to offering expanded energy efficiency programs for its commercial customers, who are responsible for 30 million square feet of commercial building space.
The Better Buildings Challenge is part of the Obama Administration’s comprehensive strategy to improve the competitiveness of American industry and business, by helping companies to save money by reducing energy waste in commercial and industrial buildings. Under the Challenge, private sector CEOs, university presidents and state and local leaders commit to taking aggressive steps to reduce the energy used in their facilities and sharing data and best practices with others around the country. With the addition of today’s partners and allies, nearly 70 organizations have now joined the Better Buildings Challenge. Together, these organizations account for more than 1.7 billion square feet of building space, including more than 300 manufacturing plants, and have committed almost $2 billion to support energy efficiency improvements nationwide. For more information, please visit the Better Buildings Challenge website.
The energy to operate the buildings where we work, shop, and study costs the U.S. approximately $200 billion annually. Last year, commercial and industrial buildings consumed more than 40 percent of all the energy used by the U.S. economy. The goal of the Better Buildings Challenge is to support building upgrades to make America’s buildings 20 percent more energy efficient over the next decade, while also reducing energy costs for American businesses and local governments by more than $40 billion and creating jobs for U.S. workers.