Latest news with #Trane
Associated Press
a day ago
- Business
- Associated Press
Leading by Example: Sustainable Growth in La Crosse
We're leading by example through responsible operations, reimagining our systems and taking action to have a restorative impact on the environment. Project At-a-Glance: The opportunity for La Crosse As capacity for data centers continues to grow, so does demand for our sustainable technology. At our manufacturing center in La Crosse, Wisconsin, we are meeting customer demand for high-efficiency chillers while reducing the environmental impact of our operations. The challenge: grow sustainably. The solutions: Sustainability outcomes: Watch this video to learn more about sustainable growth in La Crosse. Sustainability is our strategy—in La Crosse and all across Trane Technologies. Our growth is directly linked to our bold 2030 Sustainability Commitments to significantly reduce carbon emissions for our customers, to reduce our own environmental impact and to uplift people and communities by creating opportunities for all. Our La Crosse, Wisconsin, facility—where Trane was founded more than 100 years ago—is helping lead our business into the future with investments and innovation across our broad-based approach to sustainability. We are showing that you can be a growth company, meet your big sustainability commitments and add value to your customers by helping them meet theirs. 'We have to continue focusing on our roots and providing reliability to our customers,' said Tom Gallant, Vice President of Engineering & Technology, Commercial HVAC Americas. 'At the same time, we're trying to find ways to push ourselves and take more risks. I see the team's mindset shifting every day. We really are a technology company that heats and cools buildings.' Improving environmental sustainability with innovative technology The La Crosse team is reducing the environmental impact of our operations through multiple strategies, including renewable energy use, zero waste to landfill and decreasing water use and emissions. One hundred percent of the electricity used at our La Crosse facility is generated from renewable sources, making it an official RE100 operation. Trane Technologies is a member of RE100, the global renewable energy initiative bringing together businesses committed to using 100% renewable electricity. The La Crosse team achieved this milestone in October 2024 through a five-year power purchase agreement with Xcel Energy. As of November 2022, the site has achieved zero waste to landfill. The team is diverting industrial waste and scrap material—without disrupting production—to partners who fully recycle the materials or convert combustible items to energy. The La Crosse facility is Trane Technologies' largest single user of water for our global operations. Beginning in 2022, a cross-functional team began a multi-year effort to streamline our operations to reclaim and reduce water usage, resulting in a 20 percent reduction in the company's overall water use in 2023. In the research and development (R&D) laboratory, water is recycled through a cooling tower, reducing the downtime of the chiller system and reducing water usage by 37 million gallons in 2023 compared to the prior year. In the training center, we are using our own technology to reduce water use and emissions. There, water is recycled through a thermal battery storage source heat pump system, a first-of-its-kind solution to advance electrified, low-carbon heating in buildings, including in climates below zero degrees Fahrenheit. Commonly referred to as ice storage, the system converges four proven technologies to accelerate building decarbonization: thermal energy storage ice tanks, air-to-water heat pumps, all-electric chiller-heaters and intelligent controls. The new system saved 15 million gallons of water in 2023—a reduction of 85% from the prior year. The system is estimated to reduce the overall energy intensity of the building by 28%. Going forward, we expect to save 30-40 million gallons of water annually and cut carbon emissions by approximately 21 mtCO2e every year. Over the last five years, La Crosse's projects to reduce water use decreased our company's total water consumption by nearly half. The La Crosse team continues to find ways to contribute to our Leading by Example commitment, most recently introducing a plan to install geothermal bore field technology to fully electrify heating and cooling of an engineering building on the campus. Innovating for customers in high-growth sectors One way we're innovating for impact in La Crosse is through our developments for high-growth sectors, such as the semiconductor and global data center market, where capacity is projected to nearly double by 2027. Data centers and semiconductor manufacturing require precise cooling and humidity control, so as capacity increases, so will the demand for chillers. To keep up with this demand, the team in La Crosse built a new manufacturing line for CDHH CenTraVac® water-cooled chillers. This highly automated production line can handle many types of chillers, including our CDHH CenTraVac duplex with heat recovery, which is perfect for buildings with simultaneous heating and cooling load. The heat recovery option captures heat from the condenser, allowing the customer to employ an electrification solution for decarbonization. Trane CenTraVac chillers offer additional energy-saving options like non-reversible heat pump chiller capabilities, thermal storage down to 20°F (-6.7°C), and integrated free cooling. These features benefit the environment and can often pay for themselves through reduced water consumption, lower heating and ancillary power consumption, and decreased operating costs. 'We have been serving the high-tech market for a long time, and because of technologies like artificial intelligence, demand is growing,' Tom explained. 'What sets us apart is that we make the largest capacity units at the highest efficiency level with a low global warming potential refrigerant.' Investing in our people through training Our success is driven by our people. We are creating an inclusive, uplifting culture where people feel they can belong and can boldly share their ideas. We invest in the well-being and career development of our team members so they can thrive. La Crosse is home to our Graduate Training Program (GTP), a six-month intensive program that develops deep HVAC expertise. With a legacy dating back nearly 100 years, GTP is the foundation of our technical leadership, producing industry-leading account managers and sustainability champions. We also provide advanced training in welding and other essential skills to support manufacturing excellence. Employees can earn certifications, gain hands-on experience, and advance their careers within Trane Technologies. Additionally, we are expanding a dedicated space for operational and technician training to further develop talent and modernize skills to match the latest technology. Committed to our community La Crosse employees are deeply engaged in the community, especially around sharing our expertise in STEM and environmental stewardship. The La Crosse Inclusion Community Network (LINC) leads volunteer initiatives, including STEM education programs at the Boys & Girls Club and the Great River Community Clean-Up, which mobilizes over 120 employees annually. The facility also supports local STEM education, hosting Engineers Week, volunteering with Project Scientist, and sponsoring the Seven Rivers Robotics Regional Competition. Additionally, Trane Technologies contributes to the Trane All Abilities Park, the community's first inclusive playground, and a new exhibit, coming soon to the La Crosse Children's Museum, designed to educate children about HVAC technology and innovation. A legacy of sustainable growth In La Crosse, and across Trane Technologies, sustainability is not an offshoot of our strategy. It is our strategy and what is driving our growth. The team in La Crosse is continuing to deliver innovative technologies for our customers while reducing the environmental impact of our operations—both by orders of magnitude. 'What makes La Crosse special is that we have multiple generations of families who have worked here,' said Tom Gallant, Vice President of Engineering & Technology, Commercial HVAC Americas. 'There is a legacy of innovation we have to live up to every day, and there is so much opportunity. From an engineering standpoint, it's exciting to work on solving problems that have an impact not only on this community, but our country and the world.' Explore how we are growing through sustainability and innovation in our 2024 Sustainability Report. Visit 3BL Media to see more multimedia and stories from Trane Technologies
Yahoo
6 days ago
- Business
- Yahoo
2 Profitable Stocks Worth Investigating and 1 to Think Twice About
A company with profits isn't always a great investment. Some struggle to maintain growth, face looming threats, or fail to reinvest wisely, limiting their future potential. A business making money today isn't necessarily a winner, which is why we analyze companies across multiple dimensions at StockStory. That said, here are two profitable companies that leverage their financial strength to beat the competition and one best left off your watchlist. Trailing 12-Month GAAP Operating Margin: 24% Addressing the demand for aesthetically-pleasing and unique outdoor living spaces, Trex Company (NYSE:TREX) makes wood-alternative decking, railing, and patio furniture. Why Do We Think Twice About TREX? 5.4% annual revenue growth over the last two years was slower than its industrials peers Capital intensity has ramped up over the last five years as its free cash flow margin decreased by 3.9 percentage points Diminishing returns on capital suggest its earlier profit pools are drying up Trex's stock price of $56.42 implies a valuation ratio of 25.5x forward P/E. If you're considering TREX for your portfolio, see our FREE research report to learn more. Trailing 12-Month GAAP Operating Margin: 18.1% With low-pressure heating systems as the first product, Trane (NYSE:TT) designs, manufactures, and sells HVAC and refrigeration systems, the former to commercial and residential building customers and the latter to commercial truck manufacturers. Why Is TT a Good Business? Annual revenue growth of 11.6% over the past two years was outstanding, reflecting market share gains this cycle Share buybacks catapulted its annual earnings per share growth to 23.7%, which outperformed its revenue gains over the last two years Stellar returns on capital showcase management's ability to surface highly profitable business ventures, and its rising returns show it's making even more lucrative bets Trane Technologies is trading at $430.30 per share, or 33.1x forward P/E. Is now the right time to buy? Find out in our full research report, it's free. Trailing 12-Month GAAP Operating Margin: 28.2% Pioneering minimally invasive surgery since its first da Vinci system was FDA-cleared in 2000, Intuitive Surgical (NASDAQ:ISRG) develops and manufactures robotic-assisted surgical systems that enable minimally invasive procedures across various medical specialties. Why Should ISRG Be on Your Watchlist? System Placement averaged 11.8% growth over the past two years and imply healthy demand for its products Sales outlook for the upcoming 12 months implies the business will stay on its desirable two-year growth trajectory Earnings growth has easily exceeded the peer group average over the last five years as its EPS has compounded at 12.3% annually At $555.52 per share, Intuitive Surgical trades at 66.3x forward P/E. Is now the time to initiate a position? See for yourself in our comprehensive research report, it's free. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today for free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
North America Geothermal Heat Pumps Market Competition & Forecast Report to 2030, with Trane Technologies, Carrier Global, Daikin, Enertech, Rheem Manufacturing, Ormat Technologies & Mammoth
The North America Geothermal Heat Pumps Market, valued at USD 4.42 Billion in 2024, is projected to reach USD 5.89 Billion by 2030, growing at a 4.90% CAGR. Fueled by rising energy costs, carbon reduction focus, and government incentives, geothermal systems offer an efficient alternative for climate control in residential, commercial, and institutional buildings across the US, Canada, and Mexico. Despite high initial costs and limited financing, the market thrives on sustainable construction demands and green building certifications. Key players include WaterFurnace, Trane, and Carrier. North American Geothermal Heat Pumps Market Dublin, May 22, 2025 (GLOBE NEWSWIRE) -- The "North America Geothermal Heat Pumps Market by Country, Competition, Forecast & Opportunities, 2020-2030F" has been added to North American Geothermal Heat Pumps Market, valued at USD 4.42 Billion in 2024, is forecasted to reach USD 5.89 Billion by 2030, growing at a CAGR of 4.90%. This market includes the manufacturing, installation, and maintenance of geothermal heat pump systems, which are deployed for space heating and cooling in residential, commercial, and institutional buildings across the United States, Canada, and Mexico. Geothermal systems leverage the Earth's stable subsurface temperature, providing a highly efficient alternative to conventional HVAC systems. The market's expansion is driven by escalating energy costs, a heightened focus on carbon reduction, and favorable government incentives like rebates and tax credits. Advances in system design, drilling efficiency, and smart thermostat integration have enhanced the accessibility and effectiveness of geothermal systems. With increasing climate concerns and energy efficiency regulations, geothermal heat pumps are recognized as a sustainable solution for low-emission building climate control in North America. Key Market Drivers Rising Emphasis on Sustainable Residential Construction and Green Building Certifications The market is witnessing a surge in demand due to the heightened focus on sustainable residential construction and compliance with green building certification programs. Initiatives at federal, regional, and private levels are advocating for energy-efficient housing that reduces greenhouse gas emissions and decreases reliance on fossil fuels. Geothermal heat pumps support these objectives, making them a favorable choice for developers seeking certifications like Leadership in Energy and Environmental Design. These systems enhance energy performance and occupant comfort while reducing utility costs and boosting property value. Growing consumer awareness of environmentally friendly living further fosters adoption, with geothermal systems emerging as a preferred option in both high-end and mid-range housing developments. As the real estate sector advances toward net-zero targets, geothermal technology is increasingly viewed as a strategic investment offering long-term environmental and economic benefits. Key Market Challenges High Initial Capital Investment and Financing Barriers A significant barrier to the widespread adoption of geothermal heat pump systems is the considerable upfront cost, particularly in residential and small commercial segments. Unlike traditional systems, geothermal solutions require drilling or trenching for underground loop installation, often resulting in system costs exceeding USD 25,000. This capital intensity poses a deterrent for many property owners, despite the promise of lower long-term operating expenses. Furthermore, financing options specifically tailored for geothermal technologies remain scarce. Traditional lenders may be unfamiliar with these systems, and incentive programs often involve complex procedures or delayed reimbursements, creating accessibility challenges, especially in rural or low-income areas. The absence of scalable financing models, such as utility on-bill programs or third-party ownership seen in solar adoption, further constrains market expansion. Consequently, geothermal systems are often perceived as premium products, limiting broader market penetration and slowing the transition to cleaner thermal energy sources. Key Players Profiled in this North America Geothermal Heat Pumps Market Report: WaterFurnace Renewable Energy, Inc. Trane Technologies Carrier Global Corporation Daikin Industries, Ltd. Enertech Global Rheem Manufacturing Company Ormat Technologies Inc. Mammoth, Inc. Key Attributes: Report Attribute Details No. of Pages 120 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $4.42 Billion Forecasted Market Value (USD) by 2030 $5.89 Billion Compound Annual Growth Rate 4.9% Regions Covered North America Report Scope: The North America Geothermal Heat Pumps Market is segmented into the following categories, alongside detailed industry trends: North America Geothermal Heat Pumps Market, by Type: Open Loop Closed Loop North America Geothermal Heat Pumps Market, by Application: Residential Commercial Industrial North America Geothermal Heat Pumps Market, by Country: United States Canada Mexico For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment North American Geothermal Heat Pumps Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
WIRED
19-05-2025
- Business
- WIRED
Advancing Temperature Control With the Rise of Electric Heat Pump Technology
How Trane engineered their most efficient heat pumps yet. There's good reason that the image of a caveman learning to control fire is such an iconic and abiding cultural touchstone—being able to control the temperature of our surroundings represents our species moving from the primitive to the modern. There are few better representations of our journey than our ability to stay safe and comfortable no matter the outside temperature. And as we've evolved through the centuries, so has how we've stayed warm and kept cool. From campfires to wood stoves to gas furnaces, how we've controlled our climate has helped define the eras in which we lived. And right now, we're living in the age of heat pumps. The Next Level of Efficiency Heat pumps have quickly become one of the most popular choices for indoor heating and cooling, and for good reason. While in the past people needed separate equipment for the seasons—a gas furnace for the winter and an air conditioner for the summer, heat pumps handle both heating and cooling with the same efficient hardware. Using electricity, heat pumps are a mechanical-compression cycle refrigeration system that can be reversed to either heat or cool a space using the outside air. Using an electrified climate control system like a heat pump is one of the most reliable and sustainable ways to keep a home comfortable. Trane has long been a vanguard of heat pump design and manufacturing, continually innovating new ways to improve the efficiency of their systems. And when the government announced new guidelines for the refrigerants used in heat pumps, Trane took it as an opportunity to engineer their most efficient products yet. That new refrigerant is called R-454B, and Trane has been testing and working with it for years, well before the latest regulations were put in place. Created to replace the former standard R-410A, R-454B allows Trane's heat pumps to achieve zero ozone depletion potential and a 78 percent reduction in global warming potential compared to previous refrigerants. That means that in addition to the money-saving efficiency that electric heating already offers, the new models have the lowest carbon footprint yet. Where Groundbreaking Engineering Gets Us You can see the fruits of Trane's engineering push in action with their 20 TruComfort™ Variable Speed Heat Pump with WeatherGuard™, which uses R-454B as its refrigerant. The efficiency of heat pumps is generally measured in a couple of ways, both of which relate to how much energy is used to reach the desired temperature. In terms of cooling the air in the warmer months, the Department of Energy goes by the Seasonal Energy Efficiency Ratio, or SEER (recently updated to SEER2). For heating in the cold months, they use Heating Seasonal Performance Factor, or HSPF (which itself was recently updated to HSPF2—catchy, isn't it?). Split system heat pumps must have a SEER2 of 14.3 or higher and an HSPF2 of 7.5 or higher to pass muster with the Department of Energy. Trane's 20 TruComfort™ Variable Speed Heat Pump with WeatherGuard™ has a SEER2 of up to 22.4 and an HSPF2 of up to 10.5, well above what's required, providing optimal efficiency year-round. That means homeowners get lower energy bills and a smaller carbon footprint while remaining comfortable no matter the temperature outside. Variable speed technology allows systems to operate using as little energy as possible. It does this by slowing down its components or speeding them up gradually as the outdoor temperature changes to maintain a temperature within half a degree of where it's set. This allows for maximum comfort without using any more energy than is needed. Of course, Trane's engineering advancements didn't stop at energy efficiency. The Trane Home app allows homeowners to have control over their home's temperature, humidity, and air quality from anywhere. On the way home from the beach and it's sweltering outside? A few taps on your phone and you can have your house nice and cool by the time you arrive, with no need to have it wastefully running while you're gone. Plus, Trane's Link™ Communicating System Controller and Smart Thermostat automatically charges, configures, and calibrates for optimal performance year-round. And with its remote diagnostics, maintaining the hardware is far easier, with technicians able to see exactly how a unit is operating without needing to be there in person. Welcome to the Electric Era The electrification of climate control with the advancement of heat pump technology represents a whole new era. Thanks to Trane's advanced engineering and use of the latest refrigerants, people now have access to reliable, comfortable heating and cooling without breaking the bank or harming the environment. It fulfills the promise of all great technologies: allowing us to live better lives in ways we could only dream of in the past. If only those first cavemen rubbing sticks together to keep themselves warm could see us now. You can learn more about Trane's most efficient heat pumps here.
Yahoo
07-05-2025
- Business
- Yahoo
Trane Technologies to Present at the Wolfe Research Global Transportation and Industrials Conference
SWORDS, Ireland, May 07, 2025--(BUSINESS WIRE)--Trane Technologies plc (NYSE: TT) a global climate innovator, today announced that company leadership will participate in a fireside chat at the Wolfe Research Global Transportation and Industrials Conference. They will speak at 9:45 a.m. ET on Wednesday, May 21, 2025. The live webcast will be accessible on the Trane Technologies website at under the investor relations section. An archive of the webcast will be available for 30 days following the event. About Trane Technologies Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes and transportation. For more on Trane Technologies, visit View source version on Contacts Media: Travis Bullard, Trane Technologies +1-919-802-2593 Media@ Investors: Zachary Nagle, Trane Technologies +1-704-990-3913 InvestorRelations@
