Improving energy efficiency is a critical component of Business Roundtable’s overall strategy for enhancing energy security. With every unit of energy we conserve through greater efficiency, we lower energy consumption and therefore use less oil, gas or coal to meet increasing energy demand.
Energy efficient improvements span from consumers making simple lifestyle changes to businesses retrofitting their aging infrastructure.
However dramatic or small, energy efficient improvements can lead to real, substantial results in reducing our energy demand and our energy costs.
Founded more than 160 years ago, Siemens is a prime example of a Business Roundtable member that understands how doing business well equates to a positive return both for their company and for the world.
Saving Energy One State at a Time
In Kentucky, Siemens is part of an energy performance contract that will lead to the installation of LED modules on every state maintained traffic signal. The six-year contract is expected to save the state $1.7 million a year in energy costs, resulting in Kentucky saving $10.2 million across the course of the contract.
The LED technology being used in the retrofitting effort is more energy efficient and lasts eight to ten times longer than incandescent light blubs, which need to be replaced annually. The energy performance contract allows Kentucky to make upgrades with no upfront capital expenditures, since the funding will come exclusively from the energy cost savings resulting from the upgrades.
Siemen’s partnership with the state of Kentucky is a real-life example of how energy efficiency improvements can reduce energy demands, our impact on the environment and energy costs.
Saving energy one state at a time is leading to real results. As more regions across the country implement programs like these, we’ll continue on the track to improving our nation’s energy efficiency.