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Energy efficiency can boost economic activity and create jobs, new study shows

“Energy-efficient manufacturing could spur $2 billion in annual economic activity, support 9,000 jobs and produce more than $71 million in local and state tax revenues,” the Detroit News reported last week, citing a study commissioned by the Michigan-based Energy Innovation Business Council (EIBC).

The EIBC study examined energy efficiency across building equipment, ventilation, air conditioning, heating and advanced lighting, and across four sub-sectors — wind, solar, biomass, and advanced energy storage.

For Michigan’s manufacturing sector, energy efficiency is an untapped market, says Ed Clemente, EIBC president:

[quote]Energy efficiency is an important and growing sector in the advanced energy industry and currently supports jobs throughout Michigan. This report tells the story of Michigan’s energy efficiency manufacturers and shines a light on their economic contributions to our state.[/quote]

What many don’t realize is that energy efficiency is also one of the easiest and most cost-effective ways to achieve energy and cost savings across multiple sectors — residential, commercial and industrial.

This includes the adoption of the latest energy efficiency building codes and a more efficient generation of industrial energy using steam and electricity – or combined heat and power (CHP) – which can produce energy twice as efficiently as older coal burning electric utilities.

And improved energy efficiency across all of these platforms will continue to depend on the latest innovations and products made possible by chemistry.

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