Comfort Systems USA Inc., a leading provider of commercial, industrial, and institutional HVAC services, announced that its board of directors has approved an amendment to the company’s stock repurchase program to increase the shares authorized and remaining as available to purchase back up to 1 million shares.
Because it uses the earth as a free heat source or heat sink, geothermal is inherently a highly efficient technology that can help homeowners and building owners save a significant amount of energy and money. And, as advances in technology continue to improve the efficiency and controls of these units, the industry is concurrently investigating ways to make geothermal an affordable option for all.
While most studies insist IoT technologies are on the cusp of becoming mainstream, the question remains: Is the HVAC industry truly ready to embrace the IoT, or is there a sense of trepidation and concern regarding the technology’s staying power and long-term viability?
For the past decade, those in the geothermal heating and cooling industry have benefited from two tax credits that incentivize residential and commercial geothermal installations. But both of these tax credits are four months away from expiring, and all efforts to extend them have failed thus far.
Geothermal manufacturers, distributors, and organizations like the International Ground Source Heat Pump Association (IGSHPA) have stepped up their training efforts to ensure HVACR contractors are installing and servicing geothermal equipment to the highest standard.
The global energy-efficient building market is projected to grow at a compound annual growth rate (CAGR) of 9.6 percent during the forecast period of 2016 to 2020, according to a report from Sandler Research.
HTS New England, the New England division of one of the largest independent commercial HVAC manufacturers’ representatives in North America, announced plans to merge operations with Stebbins-Duffy.
The latest report on the global commercial air conditioning market from Technavio provides an analysis of the top three emerging trends expected to impact the market outlook from 2016 to 2020.
The U.S. Army announced it has surpassed the $1 billion mark in energy savings performance contracts and utility energy services contracts in less than five years. This is in response to President Obama’s challenge to all federal agencies to achieve a total investment of $4 billion before the end of 2016.