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approximately 130 GW – or 12 percent of current U.S. electric capacity.2 This is why USCHPA applauded the recent Executive Order by the President to accelerate the investment in industrial efficiency and to encourage the deployment of 40 additional gigawatts of new cost effective CHP.3 As the Alliance to Save Energy’s Commission on National Energy Efficiency Policy’s 2030 report noted, this investment can be made cost neutral.4 As the report noted, the United States could double its energy production by 2030 by using CHP at a cost of around $166 billion in annual investment. However, because of the efficiencies found in CHP, this investment would return $169 billion in annual savings. In fact, the report points out that every $87 dollars made in energy efficiency investments in commercial buildings and the industrial sector would result in a net energy savings of $189 dollars. The abundance of natural gas in United States today provides a singular opportunity for CHP deployment. The switch from coal to natural gas in power generation is the primary driver of lower CO2 emissions in the United States. The IEA noted that the United States has experienced the greatest emissions reductions of all countries or regions since 2006. Capstone Turbine Corporation is the world's leading producer of low- emission microturbine systems, and was first to market with commercially viable air bearing turbine technology. We are a publicly traded company with our headquarters and manufacturing facilities in Chatsworth and Van Nuys, CA, near Los Angeles. We employ approximately 215 people and have annual revenues of over $100 million per year. During the past five years our revenues have grown about 35% year on year as sales of our 200 to 1000 kW products have taken off – especially in oil and gas applications where microturbines are able to run on waste gas that would otherwise be vented or flared to produce highly reliable onsite power and thermal energy. 2 http://www.uschpa.org/i4a/pages/index.cfm?pageid=1 3 http://www.whitehouse.gov/the-press-office/2012/08/30/executive-order- accelerating-investment-industrial-energy-efficiency 4 http://ase.org/resources/ee-commission-report-summaries 3PDF Image | For the House Energy and Commerce Energy and Power Subcommittee hearing:
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