The law allows a tax credit against the income tax liability of a taxpayer equal to 25 percent of the costs incurred by the taxpayer in the purchase and installation of geothermal machinery in or on a facility in South Carolina and owned by the taxpayer.
Johnson Controls and Arkansas State University have signed a $15 million energy performance contract that will advance the university's sustainability initiatives, including improvements to HVAC, energy management, lighting, water conservation, waste management, and utility monitoring systems.
Magnum Energy Solutions, a provider of energy management solutions, announced that Automated Logic Corp. has made an equity investment in the business. Automated Logic provides building automation and control systems through a nationwide dealer network.
OpTerra Energy Services, an Oakland, California-based energy services company, announced it has opened a new office in San Diego to support the region’s growing sustainability needs in both the private and public sector.
The global market for building energy management solutions is projected to grow at a compound annual growth rate (CAGR) of over 12 percent from 2016 to 2021, according to a report by TechSci Research, due to an increasing focus on reducing emissions, stringent government regulations, and a growing number of smart city projects.
Siemens Building Technologies Division and IBM have announced cloud-based solutions that will leverage Siemens’ building expertise and IBM’s Internet of Things (IoT) capabilities to maximize the potential of connected buildings, helping corporate real estate owners drive business results and meet energy efficiency goals.
The ASRAC established the Central Air Conditioners and Heat Pumps Working Group in July 2015; it is the latest of several working groups to successfully create negotiated efficiency standards for industry equipment. Other negotiated rulemakings aided by working groups include walk-in coolers and freezers, regional standards enforcement, and commercial rooftop air conditioners and furnaces.
NexRev LLC, provider of the DrivePak™ HVAC retrofit product for rooftop units and Freedom™ energy management solution, has announced its new Latin American base of operations, NexRev MX, S. de R.L. de C.V., in Mexico City.
Ecova, an energy and sustainability management company, has made an investment in TROVE Predictive Data Science, a data analytics company. Ecova said it will leverage TROVE’s data technology with the objective to save money for its client portfolio.