A Mitsubishi Electric Corp. plant in Maysville, Kentucky, where electrical equipment for the automotive industry is now made, will be revamped to produce variable-speed compressors for high-efficiency heat pumps.
With the six-cylinder capacity of the HGX56 CO2 T, customers can reduce the number of compressors in a system, resulting in less system complexity and lower investment costs, a press release from Danfoss said.
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.
The change comes as the industry anticipates accelerated adoption of CO2 refrigeration technology being driven by food retail businesses pledging sustainability targets and needing to comply with environmental regulations.
Blackstone’s multi-billion dollar deal with Emerson aims to build on Copeland’s 100-year legacy, global recognition, and influence across the HVACR industry
Ross B. Shuster, CEO, Copeland, discusses Blackstone’s investment into the company, how the transaction will impact the company’s HVAC offerings, and more.