Industrial facilities use low-temperature heat (up to 165 degrees Celsius) in numerous manufacturing processes, contributing 3.5 percent of U.S. energy-related carbon emissions. New Energy Policy Simulator modeling finds shifting from fossil fuel combustion to industrial heat pumps for low-temperature process heat would reduce industry emissions by 5 percent in 2030 and 16 percent in 2050, while adding $42 billion to the economy in 2030 and $8 billion in 2050 and creating 275,000 jobs in 2030 and around 75,000 jobs in 2050. This report recommends federal policies to accelerate the deployment of industrial heat pumps in the U.S., including financial support for research and development and efficiency standards.