Weakened demand for HVAC services in the United States during the recession intensified price-based competition and put pressure on profit margins. According to a new industry report from IBISWorld, the HVAC industry is forecast to return to growth this year and continue to grow for the next five years.
The Brookings Institution has announced the launch of the new John Hazen White Jr. Forum on Public Policy for the study of manufacturing. White, president and CEO of Taco Inc., Cranston, R.I., endowed this Forum on Public Policy to fund activities related to manufacturing and innovation.
LG Electronics has expanded its training series for Multi V III variable refrigerant flow (VRF) technology to an additional 15 markets across the United States, including Baltimore, Cincinnati, Kansas City, Miami, Minneapolis, and Portland, Ore.
Greenway Design Group Inc. announced that it has launched a new dealer program to gain more widespread distribution of its Cool-n-Save commercial HVAC energy-saving system.
Autodesk Inc. has announced the acquisition of Vela Systems, a provider of mobile field management software for the construction industry. According to Autodesk, the addition of Vela Systems field management products will help extend the value of building information modeling (BIM) to customers in the field.
The U.S. Solar Market Insight: Q1 2012 report, released by the Solar Energy Industries Association (SEIA®) and GTM Research, finds that growth in solar photovoltaic (PV) installations in the United States is sustaining its strong pace from 2011.
Tecumseh Products Co. and Torad Engineering announced that they have entered into a joint development and licensing agreement to use Torad’s patented spool compressor technology in commercial refrigeration applications. The companies said initial development work has already begun.
While owners of commercial buildings have been looking to improve energy efficiency for quite some time, the market for building energy management systems is still emerging. According to a report from Pike Research, many of the companies in this growing market are now turning to utilities as a market channel for their products and services.
The Air Conditioning Contractors of America’s (ACCA’s) Building Performance Council (BPC) has announced that registration is now open for its first Building Performance Forum. The event is scheduled for Oct. 9-10, 2012, at the Sheraton Austin Hotel at the Capitol in Austin, Texas.
Gov. Steve Beshear of Kentucky joined community and company officials in Leitchfield to announce that New York Blower Co. will locate a new manufacturing facility in Grayson County, creating 125 new, full-time jobs.