Trane Technologies Surpasses U.S. Department of Energy Requirements for High-Efficiency, Cold Climate Heat Pump
03 November 2022 - 4:22PM
Business Wire
Following successful laboratory testing,
company begins field testing stage
Trane Technologies (NYSE: TT), a global climate innovator, has
surpassed U.S. Department of Energy (DOE) requirements for the
Residential Cold Climate Heat Pump (CCHP) Challenge for
high-efficiency heating in freezing temperatures. After
outperforming in laboratory tests in extremely cold temperatures,
the Trane® high-efficiency, cold climate heat pump will begin field
trials this month.
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the full release here:
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It snows every week in Tyler, Texas! The
Systems Extreme Environmental Test (SEET) room at the Tyler, Texas
Trane® manufacturing facility provides an ideal, controlled
environment for simulating extreme weather conditions, allowing
technicians and engineers to put heat pumps and AC systems through
thousands of hours of continuous testing – while measuring and
managing quality and performance. The foundation for Trane’s Cold
Climate Heat Pump challenge prototype was tested in the SEET room,
ahead of outperforming tests at the U.S. Department of Energy’s Oak
Ridge National Lab Facility. (Photo: Business Wire)
“As a sustainability leader, we relentlessly innovate to develop
high-efficiency heat pumps and other sustainable solutions that
transition away from fossil fuels and reduce carbon emissions,”
said Jason Bingham, president of Residential HVAC, Trane
Technologies. “We’re excited to move to the next phase of the DOE
challenge. As more and more homeowners choose sustainable solutions
like heat pumps, we look forward to helping them take advantage of
new clean energy tax credits and rebates available through the
Inflation Reduction Act.”
When tested at the DOE’s lab, Trane’s CCHP prototype performed
in temperatures as low as negative 23 degrees Fahrenheit,
surpassing the mandatory negative 20 degrees Fahrenheit DOE
requirement.
“When tested at the Oak Ridge National Lab Facility, our
prototype pushed the limits of the testing with high performance
even as temperatures moved beyond the trial scope. To stop this
Trane unit, they had to manually cut the power,” said Katie Davis,
vice president of engineering and technology, Residential HVAC,
Trane Technologies. “We are excited to conduct field testing with
this heat pump and keep families warm while supporting a more
sustainable future. It’s hard to stop a Trane!”
Until this new technology is available, the company continues to
offer the most efficient options available today including heat
pumps, more environmentally minded furnaces, and the pairing of the
two in dual fuel systems.
Through bold, industry-leading action, Trane Technologies is
creating efficient and sustainable comfort solutions and advancing
its 2030 Sustainability Commitments, including the company’s
Gigaton Challenge – the largest validated science-based climate
commitment related to product use emissions, which pledges to
reduce one billion metric tons (one gigaton) of greenhouse gas
emissions from customers’ carbon footprints by 2030.
About Trane Technologies
Trane Technologies is a global climate innovator. Through our
strategic brands Trane® and Thermo King®, and our environmentally
responsible portfolio of products and services, we bring efficient
and sustainable climate solutions to buildings, homes, and
transportation. Learn more at tranetechologies.com.
This news release includes “forward-looking statements” which
are statements that are not historical facts, including statements
that relate to our sustainability commitments and the impact of
these commitments. These forward-looking statements are based on
our current expectations and are subject to risks and
uncertainties, which may cause actual results to differ materially
from our current expectations. Such factors include, but are not
limited to, our future financial performance and targets, including
revenue, EPS and operating income; our business operations; demand
for our products and services, including bookings and backlog;
capital deployment, including the amount and timing of our
dividends, our share repurchase program, including the amount of
shares to be repurchased and the timing of such repurchases and our
capital allocation strategy, including acquisitions, if any; our
projected free cash flow and usage of such cash; our available
liquidity; performance of the markets in which we operate;
restructuring activity and cost savings associated with such
activity; and our effective tax rate. Additional factors that could
cause such differences can be found in our Form 10-K for the year
ended December 31, 2021, as well as our subsequent reports on Form
10-Q and other SEC filings. We assume no obligation to update these
forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20221103005955/en/
Media Contact: Shelby Hansen +1-704-990-3835
Shelby.Hansen@tranetechnologies.com
Investors Contact: Zachary Nagle +1-704-990-3913
InvestorRelations@tranetechnologies.com
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