Modine Manufacturing Co. announced that it has signed a definitive asset purchase agreement to acquire privately-held Geofinity Manufacturing of Surrey, British Columbia. Modine said this acquisition will provide it with a full line of geothermal heat pumps in both water-to-water and water-to-air models.
Geothermal heat pump (GHP) sales have grown steadily in recent years, but manufacturers estimate that GHP installations account for only about 1 to 2 percent of the total market. As the economy improves, some industry experts predict sales of GHPs will command a far larger share of the market by 2016.
The manufacturers creating new HVAC technologies are teaching others all about it.
Podcasts
Will Winchester, service manager, Poudre Valley Air, Fort Collins, Colo., joins the NEWSMakers podcast to discuss the latest court ruling about regional furnace standards. We discuss that, the process as a whole, how customers have responded, and much more.
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