Phononic, a supplier of solid-state cooling and heating technology, announced the latest model introduction to its Evolve™ brand. The 5.5-cubic-foot, medical-grade undercounter refrigerator is designed to safeguard drugs, vaccines, and medical devices with exacting temperature control and embedded monitoring software.

The global commercial refrigeration equipment market was valued at $37.03 billion in 2015 and it is expected to grow to $55.69 billion by 2022, led by the walk-in coolers segment, according to a new report from P&S Market Research.

Source Refrigeration & HVAC announced that Andrew Mandell has been named chief operating officer. Source is a leading independent provider of commercial refrigeration and HVAC services in North America, serving supermarket chains, convenience store chains, and telecom companies.

The global industrial refrigeration equipment market was valued at $24 billion in 2015 and is expected to generate revenue of $36.25 billion by the end of 2021, growing at a compound annual growth rate (CAGR) of slightly above 7 percent between 2016 and 2021, according to a new report published by Zion Research.

The global commercial refrigeration equipment market is forecast to reach $41.5 billion by 2022, with increasing demand for frozen foods and changing food consumption habits, according to a new market report published by Credence Research Inc.

Lime Energy Co. announced it has been awarded a three-year contract with an expected value of $9 million to implement a Small Business Direct Install (SBDI) program for Oncor Electric Delivery Co. Oncor will provide roughly $1.57 million in annual incentives for eligible customers to improve energy efficiency in their businesses.