Additionally, as new “Financial Allies,” Sambas Capital and Greenwood Energy are making $200 million in financing available for energy efficiency improvements and our "Utility Ally," Pacific Gas and Electric (PG&E), is providing energy efficiency programs that will reach 30 million square feet of its commercial customers. With these new members, there are now almost 70 organizations partnering with the Energy Department in the Better Buildings Challenge -- representing a total of 1.7 billion square feet of building space. These corporations, universities, municipalities, and other national leaders are making significant commitments to energy efficiency, and in the process, they are saving billions in energy costs, creating jobs, and reducing waste.
Because the U.S. spends about $200 billion each year just to power commercial buildings -- and another $130 billion to power manufacturing facilities -- President Obama launched the Better Buildings Challenge to help America’s commercial and industrial buildings become at least 20 percent more efficient over the next decade. To achieve this aggressive target, the Energy Department is working with leading public and private sector partners to implement energy savings practices that reduce energy waste, save money, and create jobs in the clean energy industry. The work of these leading organizations will provide best practices and successful models that can be replicated across the country to help drive dramatic advancements in energy efficiency. The Energy Department will continue to highlight their advances and their innovative solutions so that others can follow their lead. As a nation, the USA has the potential to save more than $40 billion a year on energy costs and by using energy more efficiently.