Ingersoll Rand Commits to Clean Energy Challenge
Commitment includes $500M investment in product-related R&D by 2020
SAN FRANCISCO — Ingersoll Rand recently announced its commitment to the Clean Energy Ministerial (CEM) Advanced Cooling Challenge (ACC).
The commitment includes a $500 million investment in product-related research and development by 2020 to fund the long-term reduction of greenhouse gas (GHG) emissions through its transport refrigeration and HVAC solutions.
“We believe in the mission to provide high-efficiency, climate-friendly, accessible cooling products to markets around the world,” said Dave Regnery, president of Ingersoll Rand’s commercial HVAC business for North America, Europe, Middle East, and Africa. “Nearly half of the world’s energy is used in industrial, commercial, and residential buildings, with the HVAC and lighting systems being the greatest opportunity for improvement. We believe Ingersoll Rand can make a difference by helping building owners address this critical issue.”
Ingersoll Rand also committed to reducing GHG emissions from its operations by 35 percent by 2020. A central strategy for achieving these targets is applying energy services and building automation systems from its Trane Building Advantage brand to improve the efficiency of its own facilities with high-efficiency, smart, and climate-friendly building energy management systems and Trane cooling equipment.
The ACC was designed to urge governments, companies, and other stakeholders to make, sell, or install efficient air conditioning or cooling solutions that are smart, climate-friendly, and affordable. The challenge was created as a call to action, recognizing that access to cooling improves health, productivity, economic growth, and education.
To date, the company’s climate commitment has supported the avoidance of approximately 2 million metric tons of CO2e globally, which is the equivalent of avoiding annual CO2 emissions from energy used in more than 270,000 homes or more than 2.1 billion pounds of coal burned. By 2030, the company expects to reduce its carbon footprint by 50 million metric tons.
Publication date: 6/20/2016