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While geothermal still represents just a fraction of the overall energy market, a renewed interest in energy efficiency and clean, electric technologies is creating a favorable environment for growth. Per a December 2018 study by Global Market Insights Inc., the global geothermal market is forecasted to reach $4 billion in 2024.

The NEWS spoke with Doug Dougherty, president and CEO of the Geothermal Exchange Organization, about the impact of the tax credit, trends in geothermal, and GEO’s increased focus on state-level policies.

Therma Holdings LLC, a portfolio company of Gemspring Capital, acquired Yearout Mechanical, an Albuquerque, New Mexico-based design-build provider of mechanical, fabrication, and maintenance services.

CoolSys has acquired ABC Refrigeration & HVAC. Headquartered in Syracuse, New York, ABC Refrigeration is a commercial refrigeration and air conditioning services provider in the Northeast that also has in-house metal fabrication capabilities.

Danfoss’s EnVisioneer of the Year competition seeks to recognize actions that reduce energy consumption, CO₂ emissions, and oil consumption. ASHRAE and UN Environment's Lower-GWP Refrigeration and Air-Conditioning Innovation Award recognizes people who have developed or implemented innovative technological concepts applied in developing countries that minimize GWP through refrigerant management.

A-Gas, a company involved in the supply and lifecycle management of refrigerants, clean agent fire suppression, and performance chemical blowing agents, recently announced that it is expanding into Canada. A-Gas also recently announced that it has acquired Singapore-based refrigerant company, VEMAC Services.

This hunger for knowledge about refrigerants is apparent all around the industry. At the recently held AHR Expo, for example, there were several information sessions offered on refrigerants, and all were packed with attendees who wanted to know more.