TPG Growth announced it has invested in C3 IoT, reinforcing its position in the Internet of Things (IoT) market. According to the company, C3 IoT applies the sciences of big data, advanced analytics, and machine learning to enable smart business processes.

The Clifford H. “Ted” Rees Jr. Scholarship Foundation, a charitable foundation of the Air-Conditioning, Heating, and Refrigeration Institute (AHRI) and ACCA, announced scholarship awards totaling $63,000 to 37 students, including four veterans, studying to become technicians in the HVACR and water heating industry. 

Emerson has announced a strategic investment in Transformative Wave, a Kent, Washington-based provider of technologies to help drive energy efficiency and savings for rooftop HVAC systems, including cloud-based building automation control, remote monitoring, and diagnostics.

The global energy management system (EMS) market was valued at $31.29 billion in 2015 and is forecast to reach $63.16 billion by 2021, increasing at a compound annual growth rate (CAGR) of 12.4 percent between 2016 and 2021, according to a report from Zion Research.

Solar energy system pricing is at an all-time low, according to the latest editions of two recurring “state of the market” reports released by the U.S. Department of Energy’s (DOE’s) Lawrence Berkeley National Laboratory (Berkeley Lab).

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.