Verdigris, an artificial intelligence (AI) company for smart buildings, has announced the launch of Einstein, its next-generation Internet of Things (IoT) smart sensor and metering solution designed to reduce energy consumption and cost in buildings.

The smart home market continues to expand, with 47 million connected smart home devices shipped globally in 2015. The market is projected to broaden substantially at a compound annual growth rate (CAGR) of 60 percent, reaching 477 million devices in 2020, according to IHS Markit.

Rheem and Fujitsu General Limited today announced a strategic collaboration that will expand the heating and cooling product portfolios of both companies. Rheem will begin offering ductless mini-split systems manufactured by Fujitsu. Fujitsu will introduce a portfolio of ducted HVAC products manufactured by Rheem.

Modine Manufacturing Co. has announced changes to its executive organization in response to its acquisition of Luvata Heat Transfer Solutions (HTS). Modine previously announced that it agreed to acquire Luvata HTS, a leading global manufacturer of coils, coolers, and coatings for the HVACR and industrial markets.

Xylem has announced the upcoming HVAC training schedule at its Bell & Gossett (B&G) Little Red Schoolhouse. Fourth-quarter classes are tailored toward the commercial hydronic heating and cooling industry.

The University of Nottingham is developing a solar air conditioning system that is said to have the capability to cut electricity consumption by up to 50 percent compared to conventional vapor compression (VC) systems. 

The U.S. Department of Energy (DOE) has recognized The Wendy’s® Co. and one of its franchisees, Wendco Group, for their partnership in the Better Buildings Challenge and for leadership in energy efficiency.

Emerson has announced the opening of The Helix Innovation Center at Georgia Tech, a new collaboration and innovation space located in Technology Square, the university’s innovation hub. This new site expands Emerson’s global network of innovation facilities.

The global smart building market is forecast to grow from $5.73 billion in 2016 to $24.73 billion by 2021, increasing at a compound annual growth rate (CAGR) of 34 percent from 2016 to 2021, according to a report published by MarketsandMarkets.