Blockchain is generating a lot of buzz as a promising system to verify and track peer-to-peer transactions in the energy sector. It could have multiple applications although there is still debate about which, if any, will work well. What’s clear, however, is that companies are already exploring uses of blockchain to save energy. Let me tell you about three applications that show promise.
National standards that require appliances and equipment to be more energy efficient do more than save energy and reduce utility bills. They also spur economic growth and create jobs — a lot of jobs. In fact, our new report reveals that they created or sustained nearly 300,000 jobs in 2016 and are projected to support 553,000 jobs in 2030. These jobs benefit every US state.
The industrial sector is unique among end-use sectors in that its energy intensity has declined consistently in recent decades, decreasing 45% from 1977 through 2016. The decline occurred even though the sector’s energy use has fluctuated, its output has almost doubled, and economic activity has risen and fallen with economic cycles.
For all the talk that comes out of Washington, DC, about the importance of American manufacturing, the government does strikingly little about it. There is no Department of Manufacturing, for example. Fortunately, the Department of Energy has the Advanced Manufacturing Office (AMO), which is slated for a 68% cut under the proposed 2018 budget.
Our new research reveals that sales of learning thermostats, a very popular form of intelligent efficiency, are expected to be three times as high this year as they were in 2013. This surge suggests broad future use of technologies that can save dramatic amounts of energy.
Industry has been important to the American economy since the earliest days of our country and the strength of the manufacturing sector is a priority for the US government and members of Congress.
The Department of Energy’s 2017 budget request was released back in February, and is now awaiting congressional approval. The request included $261 million for the Advanced Manufacturing Office (AMO), the part of DOE that focuses on energy use in the manufacturing sector.
This Congress has started out well for industrial energy efficiency. Today, Senator Shaheen (D-NH) introduced the Smart Manufacturing Leadership Act. This new bill joins the Energy Savings and Industrial Competitiveness Act of 2015 (S. 720), better known as the Portman-Shaheen bill, which was introduced earlier this year.