White House recognizes leadership of SEUs on December 2, 2011, in commitments announced by President Obama and former President Clinton on December 2, 2011, along with representatives from more than 60 organizations as part of the Better Buildings Challenge. The Challenge is part of the Better Buildings Initiative launched in February by President Obama, and is spearheaded by former President Clinton and the President’s Council on Jobs and Competitiveness to support job creation by catalyzing private sector investment in commercial and industrial building energy upgrades to make America’s buildings 20 percent more efficient over the next decade, reducing energy costs for American businesses by nearly $40 billion. The announcement included a recognition of the $70.2 million bond offering executed by the Delaware Sustainable Energy Utility. The Delaware SEU is based on 10 years of CEEP research and was co-chaired by CEEP’s Director at the time of the bond sale. Over 1,000 jobs were created, and State Agencies realized a premium of $26 million as a result of savings created by this investment. A Better Buildings Challenge Financial Ally, Citi, will pursue at least $500 million in financing based on the SEU model.
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