Trane Technologies News

Trane Technologies, a global climate innovator, and Discovery Education, a worldwide edtech pioneer, announce they have teamed up to launch a multimedia Science, Technology, Engineering, and Math (STEM) education experience for students in grades 5 to 10. The multifaceted learning program includes interactive tools, resources, and volunteers to engage and inspire students to learn, think, and solve the world’s biggest sustainability challenges, like climate change and food waste, through...

Trane Technologies, a global climate innovator, announces it is the first in its industry, and one of just 11 companies worldwide to date, to have its net-zero carbon emissions targets approved by the Science Based Targets initiative (SBTi), a coalition of the Carbon Disclosure Project, the United Nations Global Compact, World Resources Institute and the World Wide Fund for Nature. As a net-zero approved company, Trane Technologies commits to reaching net-zero GHG emissions across its value cha...

Trane Technologies, a global climate innovator, announced that Dave Regnery, current president, and chief operating officer, has been named chief executive officer and will join the Board of Directors. He succeeds Mike Lamach, who will serve as executive chair of the Board until his planned retirement from the company sometime in the first half of 2022. These changes are effective July 1, 2021. innovative leadership “Dave Regnery is the clear choice to lead Trane Technologies into the f...

Trane, a brand of Trane Technologies (TT), a global climate innovator, has been named Green Builder Media's prestigious HVAC Brand Leader for 2022. Recognized for its industry-renowned sustainable solutions and focus on efficient indoor comfort, Trane outranked its peers in the publication’s annual brand index that considers residential HVAC purchase preferences, sentiment and reader data. With over a century of experience in providing long-lasting, precision-engineered HVAC solutions and...

Trane Technologies plc, a global climate innovator, has announced that company leadership will participate in a fireside chat at the J.P. Morgan Industrials Conference 2022. They will speak at 11:20 a.m. ET, on Thursday, March 17, 2022. The live webcast will be accessible on the Trane Technologies’ official company website, under the investor relations section. An archive of the webcast will be available for 30 days, following the event.

Trane Technologies plc, a global climate innovator announced it has joined the U.S. Department of Energy’s (DOE) Better Climate Challenge, a national initiative aimed at mitigating climate change impacts while bolstering the clean energy economy. Keith Sultana, senior vice president of supply chain and operational services for Trane Technologies., joined Energy Secretary Jennifer Granholm and White House National Climate Advisor Gina McCarthy in an Executive Roundtable on decarbonizin...

Trane® - by Trane Technologies, a global climate innovator is pleased to share that the City of Fenton, Missouri, has achieved energy savings of 29% in the first year following a comprehensive energy and infrastructure upgrade on four city buildings. The city achieved nearly $70,000 in energy savings over the initial twelve-month period or 701,313 kWh in electric and 20,595 therms in natural gas. This equals 606 metric tons of reduced carbon emissions, the equivalent of more than 1.5 millio...

The Board of Directors of Trane Technologies plc, a climate innovator, declared a quarterly dividend of $0.67 per ordinary share, or $2.68 annualized. The dividend is payable March 31, 2022, to shareholders of record on March 4, 2022. The declaration was consistent with the company’s previously announced intention to increase the dividend by 14%. When combined with the dividend increase of 11% in the first quarter of 2021, the annual dividend is up 26% since launching as a company focused...

Trane Technologies plc, a global climate innovator, has been named to the Fortune magazine World’s Most Admired Companies list for the tenth consecutive year. “We’re very proud of this significant honor,” said Dave Regnery, Chair and CEO of Trane Technologies, adding “Every day, our people around the world bring our purpose to life by boldly challenging what’s possible for a sustainable world.” improves indoor air quality “Our innovati...

Trane Technologies plc, a global climate innovator, has been named one of America’s Most JUST Companies for the fifth consecutive year, and a member of the JUST 100 by JUST Capital. Trane Technologies ranked second among companies in the building materials & packaging industry and moved up 67 spots overall since the previous year for its outstanding commitments to its employees, community, and the environment. JUST Capital JUST Capital is a not-for-profit that does comprehensiv...

Thermo King®, the transport refrigeration brand of global climate innovator Trane Technologies, announced it will be the first in the industry to transition to a lower global warming potential (GWP) refrigerant as standard in its truck and trailer units. This will reduce the carbon footprint of refrigerants used by its customers’ long-haul, middle-mile, and last-mile delivery fleets by nearly 50% or approximately 650,000 metric tons of CO2e annually, equivalent to the emissions of 143...

Thermo King®, the transport refrigeration brand of global climate innovator Trane Technologies, announced it will be the first in the industry to transition to a lower global warming potential (GWP) refrigerant as standard in its truck and trailer units. This will reduce the carbon footprint of refrigerants used by its customers’ long-haul, middle-mile, and last-mile delivery fleets by nearly 50%, or approximately 650,000 metric tons of CO2 annually, equivalent to the emissions of 143...

Thermo King®, the transport refrigeration brand of global climate innovator Trane Technologies premiered its trailer refrigeration system with zero direct carbon emissions at the Solutrans international trade show in Lyon, France. The Thermo King® AxlePower technology combines a fully electric refrigeration unit, highly efficient battery storage, and the ability to run on low or zero-emissions power sources, such as an axle energy recovery system, shore power, or hyb...

Trane Technologies, a climate innovator in heating, ventilation, and air conditioning (HVAC) and transport refrigeration, has reaffirmed its commitment to net-zero emissions at the 2021 United Nations Climate Change Conference of Parties (COP26). 2050 net-zero target As part of both the United Nations Framework Convention on Climate Change (UNFCCC) Race to Zero campaign and the Science-Based Targets initiatives (SBTi) Business Ambition for 1.5°C, Trane Technologies has...

Vice President Kamala Harris will join U.S. Secretary of Energy Jennifer M. Granholm in New York to announce the U.S. Department of Energy (DOE) has confirmed the first six industry partners to participate in the Cold Climate Heat Pump Technology Challenge. The challenge, which was announced in May 2021 at the White House, aims to reduce the carbon footprint of cold climate heating solutions by improving the efficiency and affordability of new heat pumps in the field. W...

Trane Technologies, a global climate innovator, has completed the acquisition of Farrar Scientific, which the company initially announced in a press release on September 13, 2021. Acquisition of Farrar Scientific Farrar Scientific is a critical supplier for bioscience and biopharmaceutical customers that provides proprietary technology, to fill an unmet need for flexible, modular and efficient ultra-low temperature processing and storage, including cooling and heating/thawing. “We are d...

Trane Technologies, a global climate innovator – is making it easier to understand and optimize home comfort, including the quality of air in your home. “The COVID-19 pandemic has made many of us rethink the air we breathe indoors,” said Jason Bingham, President of Trane Technologies’ Residential HVAC business. “An important aspect of helping people feel safe indoors is alleviating airborne health risks, especially those related to viruses, bacteria, pet dander,...

  Trane Technologies., a global climate innovator, announced that it has signed an agreement to acquire Farrar Scientific, a leader in ultra-low temperature control for biopharmaceutical and other life science applications. Farrar Scientific’s proprietary technology fills an unmet need for flexible, modular, and efficient ultra-low temperature process and storage, including cooling and heating/thawing. The solutions can provide an alternative to large-scale freezer farms or ca...

Trane Technologies, a global climate innovator, has announced that it has signed an agreement to acquire Farrar Scientific, an internationally renowned company in ultra-low temperature control for biopharmaceutical and other life science applications. Farrar Scientific’s proprietary technology fills an unmet need for flexible, modular and efficient ultra-low temperature process and storage, including cooling and heating/thawing. The solutions can provide an alternative to large-scale free...

Trane Technologies plc, a global climate innovator, has been named to the Fortune 2021 list of the Best Workplaces in Manufacturing & Production. The list is based on more than 220,000 employee surveys conducted by Great Place to Work, a global authority on workplace culture. The survey captures overall employee experience, including sentiment about growth and development, as well as company values, innovation, and leader effectiveness. Manufacturing and prioritizing safety “Ou...

Trane® by Trane Technologies, a global climate innovator, has launched the “K-12 Playbook,” a new online resource center for parents and schools to help them create a more comfortable and efficient classroom environment for millions of children in the U.S. this school year. Trane also introduced its “Get Smart” webinar and podcast series featuring the nation’s foremost authorities on school environments, including scientists, school administrators, experts...

Thermo King, a brand of global climate innovator Trane Technologies announced that it will invest more than $100 million over the next three years to deliver a fully electric product in every segment of the cold chain by 2023. The company’s all-electric portfolio, branded evolve™, will include electric refrigeration solutions for truck, trailer, rail, air, and marine transport in North America, Latin America and Europe, Middle East, and Africa (EMEA) regions. The evolve portfolio al...

  Trane® by Trane Technologies., a global climate innovator and Nexii Building Solutions Inc. (Nexii) announced they have joined forces to create sustainable commercial buildings with significantly reduced carbon footprints. The collaboration combines Nexii’s expertise in high-performance and efficient building construction with Trane’s digitally enabled EcoWise high-efficiency climate comfort systems to reduce energy usage and carbon emissions. Exclusive HVAC Suppl...

Trane® by Trane Technologies, a global climate innovator is launching new offerings to help customers meet energy efficiency, sustainability, and indoor air quality goals as part of its Wellsphere™ holistic approach to indoor environmental quality (IEQ).   “Trane’s holistic approach to building wellness helps our customers optimize IEQ in their buildings while increasing energy efficiency and sustainability,” said Manlio Valdes, vice president, Trane p...

Trane Technologies, a global climate innovator announced that its Board of Directors has appointed Gary Forsee, retired chair and CEO of Sprint Nextel Corporation and former president of the University of Missouri System, as a lead independent director, effective immediately. Business understanding “As a lead independent director, Gary will offer strategic insights, guidance, and expertise on governance matters as we create long-term value for all our stakeholders,” said Mike Lamac...

Oxbox®, an affordable quality HVAC brand endorsed by Trane®, decided to extend its compressor warranty to a 10-year compressor warranty, up from the original seven years, starting in 2021. No registration is required. Oxbox distributor partners had asked for this improvement so they could more effectively sell to contractors. And in 2021, Oxbox delivered. full unit replacement With its one-year replacement pledge, Oxbox continues to provide peace of mind. The business will offer a ful...

Trane Technologies plc, a global climate innovator, has announced that the company leadership will participate in a virtual fireside chat at the Wolfe Industrials Virtual Conference 2021. They will speak at 2:00 PM ET on Wednesday, May 26, 2021. The live webcast will be accessible on the Trane Technologies official website, under the investor relations section. An archive of the webcast will be available for 30 days, following the virtual event.

Vernon Hills Park District, in collaboration with Trane® by Trane Technologies, a global climate innovator, has installed a rooftop solar array at its maintenance facility that produces enough energy to offset 70% of the building’s annual electric usage. The facility runs entirely on electrical power without the use of natural gas and has maintained a 15% reduction in electrical costs for the last four years. The solar installation provides 122kW of energy and is projected to lower th...

To help improve public transit safety and support economic recovery, Thermo King, a strategic brand of global climate innovator Trane Technologies, launches a new air purification solution for buses that continuously purifies the air while the bus is in operation. Thermo King’s Air Purification Solution has been independently tested and proven to be 98% effective in deactivating certain viruses, including a surrogate for the virus that causes COVID-19. Healthier air quality “Our p...

The Board of Directors of Trane Technologies plc, a global climate innovator, declared a quarterly dividend of $0.59 per ordinary share. The dividend is payable June 30, 2021, to shareholders of record on June 4, 2021. Trane Technologies has paid consecutive quarterly cash dividends on its common shares since 1919 and annual dividends since 1910.