Dr. Amory Lovins, chairman and chief scientist of the Rocky Mountain Institute, quantifies the potential:
There are abundant opportunities to save 70% to 90% of the energy and cost for lighting, fan, and pump systems; 50% for electric motors; and 60% in areas such as heating, cooling, office equipment, and appliances.Abundant and immediate savings. Here are additional reasons why smart energy matters:
- An estimated 97% of buildings lack controls or automation. For these building owners, energy use is invisible: Owners do not know where, when and at what cost their buildings are consuming electricity.
- Energy demand and utility rates continue to increase, while incentives to reduce energy use proliferate.
- In the U.S., the energy cost to light and cool buildings is approximately $100 billion per year, and experts believe there is an immediate opportunity to reduce energy bills by 50% of more. That's $50 billion per year in wasteful spending -- or, potential savings.
- Efficiency is a core strategy for the company
- Leadership and organizational support is real and sustained
- Energy efficiency (EE) goals are SMART: specific, measurable, accountable, robust, and time-bound
- The company uses an effective EE tracking and performance measurement system
- The organization puts substantial and sustained resources into efficiency
- The EE strategy shows demonstrated results
- The company communicates about EE as a core "story"
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