The Air-Conditioning, Heating, and Refrigeration Institute (AHRI) applauded two U.S. Department of Energy (DOE) final rules that adopt ASHRAE 90.1 efficiency levels for three-phase unitary products less than 65,000 Btuh, water-source heat pumps, commercial oil-fired storage water heaters, and packaged terminal air conditioners (PTACs).
The global energy management system market is forecast to grow at a compound annual growth rate (CAGR) of around 20 percent from 2015 to 2020 due to highly volatile electricity prices, government regulations, and growing awareness among consumers, according to a new report from Research and Markets.
The New York City Energy Efficiency Corp. (NYCEEC) announced that it has financed six new clean energy projects for small multifamily buildings that provide affordable housing for working families in neighborhoods across New York City.
Ayla Networks, provider of an Internet of Things (IoT) platform that the company says enables connectivity for any kind of product, announced that it is working in partnership with Dimplex North America to incorporate its IoT technology into Dimplex electric heating products.
The global cooling towers market is forecast to reach a value of $3.25 billion by 2020, representing an annualized growth rate of 4.9 percent from 2015 to 2020, according to a new report published by MarketsandMarkets.
Milwaukee Electric Tool Corp. recently announced an expansion of its operations in Greenwood, Mississippi. This represents a $35 million investment in Milwaukee Tool’s U.S. manufacturing operations over the last four years.
U.S. market share dropped to about 48 percent in 2014, reflecting a downward trend projected to reach about 40.4 percent by 2020. Meanwhile, the European and Asia-Pacific markets should see market share gains.
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