 So we're going to get underway. In our first group of speakers this morning, we will be hearing from Scott Sklar, who is the president of the Stella Group and Scott, and I are also on the steering committee of the Sustainable Energy Coalition, a sponsor of this expo. Then we will hear from Carl Gaywell, who is also part of the SEC, he's executive director of the Geothermal Energy Association, and then from Susan Wickwire, the acting director of the Climate Protection Partnerships Division at the Environmental Protection Agency. Scott. Thank you all for coming. My company optimizes all the energy efficiency and renewable technologies for the commercial sector and Department of Defense, and I'm an adjunct professor at George Washington University teaching us sustainable energy costs between the law school, the engineering school, the business school, and the arts and science school. What I wanted to lay out for you in my short presentation is, as of 2010, the Pew Charitable Trust said in private sector investments, just in renewable energy, topped $243 billion in 2010. Government investments were about $594 billion. So we're starting to get up to $1 trillion in investments and these blended, the whole blend, the portfolio of the technologies. And I just want to point out that when Carl Carroll and I started this business, the private sector investment was about $114 million, and now we're over $200 billion. So I just wanted to give you the extent of when I had more hair, what was the status going on. What most people don't know is that there have been, in the last three and a half years, 24 very solid studies to show the blend of high-value energy efficiency and the entire portfolio of renewable technology can meet the entire needs of the United States of America or this planet. I want to point that out to you. The entire blend, I hear all these whining studies or comments that wind can't meet at all or geothermal can't meet at all or solar that's all very true, it can. But the portfolio can and can with more capacity than we need. So I'm not going to go through all 24 studies and bore you to death, but I'm going to highlight a few. The European Peace Commission DLR, which is the analytical group for Germany's NASA, and they said by 2090 with policies and technology we have today we could meet all the world's need in energy. The American Solar Energy Society, which again is the technical society for all the renewables, got NREL and the other national labs and they were doing at the same time totally independently from DLR and they came and said by 2060 doing that and the blend would be about 57% energy efficiency 43% renewables. Google.org said we could do it by 2030. It would cost us about 4.4 trillion as a country, which by the way we've had a couple of wars now that were almost up to that point and we'd get 5.4 trillion back in savings and benefit. So the National Research Council in June 2009 said we could meet primarily almost all our electrical energy from the blend of renewables and energy efficiency. The Institute of Local Self-Reliance put out a report very well done that said 32 states, 36 states could meet all their energy needs with the renewable resources they already had and the other 14 states could meet a large portion and absolutely be supplied by the overages of the other states and if you go on that website and look at the map, it's stark the benefit of what could be done. MIT conservatively said geothermal can meet 10% of our energy needs. The EPRI study said the water energy technologies tidal, wave, free-flow hydro could meet 10% of our energy needs. The National Lab said waste heat could meet minimum 8% to 12% of our energy needs. So when you start putting all this together rooftop solar, thermal and electric conservatively could meet 12% of our energy needs. You put all these blends together and again I can't go through every study it's astounding and these studies except for one the last one on this list I handed out the basis was existing commercial technology no breakthroughs you would need some policies which is why we do stuff like this here because you have to be sort of right now the United States subsidizes conventional energy mature technologies by mature companies and mature markets more than any other country on this planet. So that's one of the reasons we're deterred in getting into the marketplace and I'd like to end up that the DC study that was just released that came out said the climate scientists now said we could meet 77% of the world's need through renewable technologies if there were major technological advances and while I like the study was nice I know the climate scientists don't like other scientists telling them how to research and analyze climate I like to tell the climate scientists they don't have researching technology you don't know what you're talking about but they met well but the point being and why I put it down here is I want you to leave saying there frankly are no peer review studies that are out there and again I'm a university professor been in the field for 30 years that say that conventional technologies are sustainable for this planet not one but there are 24 studies that they blend can meet the needs of the future with technology we have today thanks for hearing me out morning my name is Carl Gaywell and I'm with the geothermal energy association I do have copies of my handout if anyone didn't get one I'm going to try to make this quick five minutes is a long time I sit here and I hear Scott talk about all these studies and I tell you Scott from where I come from we cringe when we hear these studies and all those things and there's a lot of potential but achieving that potential is a whole other ballgame and there's no question about it that we could do it but it's not an easy task and most of my companies when they hear these things these are the people out there trying to drill holes in the ground and put power online and it takes a lot of work but we've seen a lot of progress geothermal energy is a small energy technology compared to everybody else we're pretty well known we're the largest renewable power source in California we're about 50% of the quote renewable power as the state classifies it in the state of California and as you can see from these charts we're growing I think most dramatic of these is page three which shows where we've come in just a few years in 2005 we had geothermal power producing in four states and I was in meetings where people would say gee will we ever get the five or six today we've got power online in nine states we have projects under development 15 so we've gone from four states to 15 states with geothermal power under development in five, six years that's a huge leap for any industry to take and part of it is new technology part of it is people learning to use different types of applications some of this isn't conventional utility scale application it's smaller applications on distributed side small lower temperature power units some of its attempts to produce power from hot water coming up from oil and gas wells but we're learning to use the heat of the earth in many different ways that's what we're seeing is happening and what's really propelled that in the United States is state renewable portfolio standards but not entirely you see some of these states for example Idaho is not an RPS state but also federal tax credits the 2005 energy bill I think everyone the landmark energy bill from the industry side because it included the tax credits across the board everyone was treated roughly the same and that really led to a growth in every single renewable technology since then now what that did and why that was important because it affected the important person I mean people look at consumer cost and they say gee you're a consumer cost for geothermal is pretty good but it's not the consumer that builds the power plant it's the investor that builds the power plant most every renewable is investment heavy as you know income tax systems by their nature tend to tax investment more than expenditures so for example when a natural gas power company spends two thirds of its investment buying natural gas it doesn't reiterate a return on that it doesn't put that in its tax form as income that it then has to pay taxes on so that's why there have been several studies and in fact they're both conservative and liberal groups and they do have corporate taxes right now in this country are tilted towards expenditure and not investment and one footnote here if you want to talk about tax reform I think we've got to be looking at some very systematic changes if we want to propel investment in these new technologies but quickly let me back to my real tech we're seeing the same growth worldwide we're seeing major new markets opening up in East Africa South and Central America Europe Europe geothermal projects small geothermal projects under development and that's not the traditional ring of fire and the reason they're doing it is they see a growing market around the world the same as the Chinese the Chinese invested more money last year in renewable energy technology than the United States did in the entire stimulus package they see a big market and American companies right now in geothermal are a world leader the Department of Commerce listed us as one of only two renewable technologies where US firms currently have the lead and we import twice as much as we import in this area but that's changing and it's a world competition and that's the other I guess take away I would have US markets important but we have to set US policy in the context of this growing world race that we're seeing for technologies across the board clean energy technologies whether you're talking about the Europeans the Japanese the Chinese the Indians is where everybody's looking and saying this is where we're going that's where we're seeing dramatic growth worldwide more than companies who do geothermal business in the United States work in the international market as well and that's how we have to look at policies and we need to have a real sustained initiative to say we want to build these things here we want to see them manufactured here and we want to be the leader in the world in these technologies across the board that's the kind of policy we need and really the 2005 energy bill was sort of the starting point but we need something now to continue on because a lot of those initiatives are beginning to trickle out and reach their point where so thank you we take a moment then to pass out my hand out I was feeling a little left out so we went and got some so good morning everyone I'm Susan from the EPA and I wanted to talk a little bit about what we're doing to try to provide incentives and encouragement to energy efficiency and renewable energy and so I'm going to highlight some of our program activities and bring you up to speed on some programs that we have had for some time and are getting great results but just to remind you that we're still getting great results the Energy Star program is not just about products it's about buildings it's about industry it's about homes we have an 80% consumer awareness level we do market research and have learned that and it's grown steadily over the years but we have 80% penetration since 2000 we have 3.5 billion qualified products sold in the United States we have nearly 1.2 million homes that have been Energy Star qualified and over 200,000 commercial buildings as 25% of US buildings have used the Energy Star portfolio manager benchmarking tools so we feel that we've been able to use this platform over the history of the program to really build an awareness and a commitment to energy efficiency and I'll just touch upon a few of the recent developments that have happened in the program on the product side we initiated a third party certification program this year which is now up and running and we have over 10,000 products that have already gone through the qualification process so that's a new development we've also increased the frequency of the update of our specifications so we're trying to raise the bar even higher at a faster clip for these products to ensure that just the most efficient or the top efficient products are going to be sold with the Energy Star mark and speaking of most efficient we've actually introduced a new element to the program this year as a pilot it's called most efficient and what we're trying to do is really recognize the best of the best and this is going to be not so much on a label but when you go to a store you'll see a sign that says most efficient for 2011 and so we're working in a few of our product categories like computers and lamps and dehumidifiers moving on to our commercial side about the buildings that are being benchmarked we also have 14,000 buildings that have earned the Energy Star label and we have 150 organizations that have been recognized for improving their efficiency portfolio wide so we don't just go building by building we want to work with those real estate management companies that have a lot of buildings and so we can have a broader impact we also introduced something called the national building competition last year where we had buildings compete against each other similar to a popular TV show where people are trying to lose weight and compete against each other and so we had 14 buildings go through the competition and the top reducer saved about 36% and the other three top finishers decreased their energy use by 30% so this is a remarkable achievement in just a very short amount of time but what we found is when they really did look at their energy use and look at opportunities in a very focused way that they were able to make improvements we also have seen the use of our tool being adopted by local communities to mandate energy building disclosure so the city of New York Seattle Washington recently have instituted mandates so that buildings are now disclosing their energy use so that when you buy a building you know that if you're getting an efficient building or not and so we're trying to facilitate this kind of disclosure through our tool nationwide on our industrial side we have chosen 20 key areas that are of high energy intensity and high greenhouse gases and work with them to develop energy performance indicators so they know that if their plant is among the most efficient or not and they can make improvements so really when they get this information they can help them manage their energy use better and lastly I'll touch upon the Holmes program and similar to the products we're constantly raising the bar in terms of what qualifies as an energy star home and we want to be sure that they go above code and above standard practice so that when people buy these homes they're really getting what they're paying for. We also recognize that the department of energy had some ongoing activities that were somewhat similar to ours and so a decision was made to transition one of our program elements called home performance with energy star to department of energy so that's happening this year and we'll be consolidating the resources there which I think makes a lot of sense in this day and age. So that's the energy star program it's our biggest climate change and energy efficiency program. We also promote combined heat and power we have a partnership that really tries to drive this very efficient supply side efficiency technology and we have over 400 partners and we've helped develop over 100 megawatts of CHP systems nationwide. And lastly I'll just mention our renewable energy promotion program it's called the green power partnership and our partners are 1300 plus partners are motivated by a desire to reduce their carbon footprint and so they are able to choose one of several strategies to promote low impact renewable energy and our partners are buying more than 18 billion kilowatt hours of green power and that's equal to the amount of CO2 that would come from more than 1.6 million homes. So a small relatively small amount but we think has made quite a few inroads into advancing renewable energy and our partners range from auto body shops to pizza parlors to fortune 500 companies and universities. So real quick that was just an overview what we're up to at the EPA on these energy efficiency and renewable energy programs. If you'd like to know more we have a booth in the exhibit hall next door and I really appreciate your attention. Thanks. I'd like to thank our speakers very very much and please feel free to follow up with any of them.