David Rice brings to his new role more than 37 years of diverse work experience that includes product development and marketing as well as consulting engineering for industry-leading mechanical and electrical companies.
LG plans to increase U.S. manufacturing capability and training opportunities and invest $8 billion in research and design and other programs that will boost its competitiveness in an HVAC market that’s moving toward electric equipment.
Slideshow: Executives highlight geothermal tax incentives as a demand driver, spurring the company to invest in more manufacturing capacity and research
CEO Ross Shuster called Copeland “the newest 100-year-old company in the HVAC industry.” After 37 years as part of Emerson, Copeland became a stand-alone company last year after Emerson reached a deal with an investment firm.
One of the major challenges in the heat pump sector is the gap between heating and cooling loads: in other words, winters are colder than summers are hot, and technology needs to handle the difference.
“Rheem is energized and excited to begin 2024 with three award wins for its air conditioning division,” said Randy Roberts, vice president of residential business development for the Rheem a/c division, in a press release.
Tony Furst of Armstrong Fluid Technology said he’s currently working on five district heating projects that involve using the leftover heat from sewage systems.