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Ingersoll Rand CEO Joins President Obama for Energy Efficiency Announcement

May 9, 2014

MOUNTAIN VIEW, Calif., May 9, 2014 – Ingersoll Rand Chairman and CEO Mike Lamach joined President Obama today as he announced executive actions to advance energy efficiency, boost solar deployment and reduce carbon pollution. Lamach was invited to join the President for this announcement through his membership on the Executive Committee of the National Association of Manufacturers (NAM). Both Ingersoll Rand and NAM are active supporters of several public energy efficiency initiatives.

“It is an honor to be a part of today’s announcement and a partner in the administration’s commitment to responsible action,” said Lamach. “Energy efficiency is the smartest approach to the looming global energy crisis, and Ingersoll Rand is in a powerful position to help. We develop reliable, energy efficient and sustainable solutions to help our customers address energy consumption and improve productivity every day.”

The President announced the expansion of the Better Buildings Challenge (BBC) through commitments of several new partners. The BBC is the public-private challenge component of the Better Buildings Initiative (BBI) launched in February 2011, which set a national target for improving energy efficiency in commercial and industrial buildings by 20 percent by 2020.

Ingersoll Rand supports both these efforts, and is active in two other energy efficiency programs under the BBI umbrella: the Better Buildings Better Plants (BBBP) program and the Better Buildings Performance Contracting Accelerator, designed to expand the use of performance contracting by federal, state and local governments.

Through the BBBP, Ingersoll Rand has helped the Department of Energy develop energy-savings tools and standards for assessing building performance, and we have taken advantage of the program’s benchmarking data and best practice guides at many of our U.S. facilities. Ingersoll Rand serves on a program review committee for the Performance Contracting Accelerator program, through which we share best practices and gain insights on requirements for government performance contracts.

“Ingersoll Rand’s Trane brand has been a recognized federal Energy Services Company since 2001,” said Lamach. “Our projects alone have saved taxpayers more than $532 million, and have reduced energy consumption by more than 1 trillion BTUs a year.”

Today’s announcement, held at a Wal-Mart retail location in Mountain View, California, included more than 300 private and public sector commitments to advance energy efficiency and solar deployment.

Said Lamach: “These programs save money, save energy, provide economic development, and create jobs. It’s rewarding to be involved in programs that align so clearly with our customers’ goals and Ingersoll Rand’s vision of sustainable progress.”

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