Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Johnson Controls supports inclusion of energy efficiency in EPA's proposed Clean Air Act 111(d) existing power plant rule

JCI

MILWAUKEE, June 2, 2014 /PRNewswire/ -- Johnson Controls, a global multi-industrial company with established core businesses in the automotive, building, and energy storage industries, supports the inclusion of energy efficiency and distributed energy systems in the Environmental Protection Agency's proposed Clean Air Act 111(d) existing power plant rule.

Today's EPA announcement includes energy efficiency as one of four "building blocks" to be utilized by states to develop carbon reduction plans. It noted that 47 states have utilities that run demand-side energy efficiency programs and, according to EPA Administrator Gina McCarthy, energy efficiency helps "squeeze the most out of every electron" produced.

"Energy efficiency represents one of the largest opportunities to reduce carbon emissions while creating jobs, reducing costs and increasing energy security," said Dave Myers, president, Johnson Controls Building Efficiency. "Johnson Controls is well established and prepared to support state energy efficiency policies and plans across the country with the technologies and commercial offerings we have available today."

According to the Department of Energy, buildings use 40 percent of primary energy in the United States and 70 percent of the electricity supply. Energy efficiency improvements can cost-effectively reduce energy use by 25 percent or more in both new and existing buildings.

Johnson Controls is a national and global leader in energy efficiency, renewable energy, distributed energy generation and storage. The company has been involved in more than 1,000 guaranteed energy savings performance contracting projects in 49 states, many of which include distributed energy systems components.

"The Wisconsin Energy Initiative is one great example of a state-wide energy efficiency retrofit program that has achieved significant savings and also created many high quality local jobs," Myers said.

The $150 million public/private partnership has delivered $17 million in annual cost savings for the state and a 12 percent reduction in energy use in over 6,000 buildings in Wisconsin. It has also created 2,300 job-years of work for more than 50 local companies involved in the projects.

"Hawaii, another good example, has set a 2030 goal to meet 70 percent of its energy needs through efficiency measures and renewable sources," Myers said.

A 20-year contract with the Hawaii Department of Transportation will reduce energy usage by about 49 percent and save the state a total of $518 million at 12 state-operated airports. The program, which is currently under construction, includes new lighting systems, air conditioning upgrades and renewable energy sources. The program will create more than 300 skilled trade and nearly 90 professional, administrative and managerial jobs while adding more than $670 million in economic development.

Since 2000, Johnson Controls' total guaranteed energy savings performance contracting projects have reduced greenhouse gas emissions by over 20 million metric tons, which is the equivalent of annual emissions from 5.3 coal-fired power plants or 1.8 million single family homes. These projects have also saved over $4.7 billion in operating costs for public and private-sector building owners.

About Johnson Controls:
Johnson Controls is a global diversified technology and industrial leader serving customers in more than 150 countries. Our 170,000 employees create quality products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and interior systems for automobiles. Our commitment to sustainability dates back to our roots in 1885, with the invention of the first electric room thermostat. Through our growth strategies and disciplined focus on operational execution, we are committed to delivering value to shareholders and making our customers successful. In 2014, Corporate Responsibility Magazine recognized Johnson Controls as the #12 company in its annual "100 Best Corporate Citizens" list. For additional information, please visit http://www.johnsoncontrols.com.

CONTACTS:

Johnson Controls:
Fraser Engerman
414.524.2733 (office)
414.308.8321 (mobile)
Fraser.Engerman@jci.com

SOURCE Johnson Controls



Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today