Secretary Chu Announces More than $155 Million for Industrial Energy Efficiency Projects
Nine projects announced today will promote the use of combined heat and power, district energy systems, waste energy recovery systems, and energy efficiency initiatives in hospitals, utilities, and industrial sites. Combined Heat and Power and District Energy Systems generate both the heat and power needed for industrial processes on-site, instead of using electricity from the grid, and can be nearly twice as efficient as conventional heat and power production. These 9 awards—totaling approximately $150 million—will be leveraged with $634 million in private industry cost share for a total project value of up to $785 million. These industrial efficiency projects will result in almost 14 trillion Btu in estimated energy savings, which is equivalent to over 112 million gallons of gasoline per year.
The remaining 32 awards will provide local technical support for the industrial sector through university-based Industrial Assessment Centers, state agencies, regional partnerships, and a national technical assistance provider. This funding will enable DOE's Industrial Technologies Program to provide technical and financial support for local businesses and manufacturing facilities to save energy and reduce their energy costs, obtain financing to realize significant gains in efficiency and productivity, and save and create manufacturing and industrial sector jobs across the country.
Read More and Find out who got the awards so far via Dept of Energy.