Trane Technologies Announces Completely New Residential HVAC Product Portfolio - Seite 2

Trane Technologies has been a leader in the transition to next-generation refrigerants. The company today uses R-454B in a variety of commercial HVAC systems, and has used it successfully in field trials of its prototype for the U.S. Department of Energy’s Cold Climate Heat Pump Challenge – which outperformed laboratory tests by surpassing the negative 20 degrees Fahrenheit requirement. Electric-powered heat pumps, which both heat and cool by moving warm air in or out of a home, are among the most energy-efficient products eligible for incentives and rebates available through the Inflation Reduction Act and Energy Efficient Home Improvement Tax Credit.

Through bold, industry-leading action and innovation, Trane Technologies is advancing its 2030 Sustainability Commitments, including the Gigaton Challenge to reduce customer emissions by a billion metric tons and its pledge to reach net-zero carbon emissions by 2050. The company’s emissions reduction targets have been externally validated by the Science Based Targets Initiative (SBTi).

Read more about Trane Technologies’ industry-leading residential refrigerant transition.

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. Learn more at tranetechnologies.com.

About Trane

Trane – by Trane Technologies (NYSE: TT), a global climate innovator – creates comfortable, energy efficient indoor environments for commercial and residential applications. For more information, please visit www.trane.com or www.tranetechnologies.com.

Forward Looking Statements

This news release includes “forward-looking statements” within the meaning of securities laws, which are statements that are not historical facts, including statements that relate to innovations to develop efficiency and decarbonization solutions, and 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. Factors that could cause such differences can be found in our Form 10-K for the year ended December 31, 2023, as well as our subsequent reports on Form 10-Q and other SEC filings. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. We assume no obligation to update these forward-looking statements.

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The Trane Technologies Stock at the time of publication of the news with a raise of +0,33 % to 277,5EUR on Tradegate stock exchange (26. März 2024, 10:22 Uhr).