While the geothermal industry is enjoying the growth, many are focused on 2016, when the tax credits are set to expire. The existing tax credit grants a 30 percent incentive for residential projects and 10 percent for commercial projects.
Aldridge Has More Than 25 Years of Experience in the HVAC Industry
February 20, 2015
LSB Industries Inc. announced that Richard Aldridge has been appointed president of its ClimateMaster Inc. subsidiary, a geothermal heat pump manufacturer and the largest business in LSB’s Climate Control segment. Aldridge previously served as vice president of operations for the Climate Control Business.
The 3 Series 300A11 geothermal heat pump features Copeland UltraTech™ two-stage scroll compressors and five-speed ECM blowers for highly efficient, quiet operation.
Features Geothermal Heat Pump Systems from ClimateMaster
January 6, 2015
ClimateMaster Inc. has announced the groundbreaking of Moore, Oklahoma-headquartered McAlister Construction Inc.’s Avondale residential development project, which will feature geothermal heating and cooling systems across 100 percent of its homes.
This Follows the Acquisition of WaterFurnace Renewable Energy Earlier This Year
November 17, 2014
NIBE, which acquired a 10 percent interest in the company in November 2011, announced that it has acquired the remaining 90 percent of North American geothermal heat pump manufacturer Enertech Global LLC.
While traditional hospital HVAC systems often consist of chillers and boilers, other types of equipment are becoming more widely accepted in the health care market, including variable refrigerant flow (VRF) systems, air curtains, and geothermal heat pumps.
ClimateMaster has chosen Gustave A. Larson Co. as its new distributor for the Midwest, Plains, and Mountain states. The company will start carrying the ClimateMaster line effective immediately.
IKEA Merriam Will Be the Company’s Second United States Store with Geothermal
June 25, 2014
IKEA announced that all underground geothermal work is complete for its future Kansas City-area store, which will be the largest single building with geothermal heating and cooling in either Kansas or Missouri.
One of the Leading Heat Pump Manufacturers in Europe to Purchase North American Manufacturer
June 23, 2014
WaterFurnace Renewable Energy Inc. and NIBE Industrier AB of Sweden announced that they have entered into an agreement whereby NIBE will acquire 100 percent of the outstanding shares of WaterFurnace by way of a plan of arrangement under the Canada Business Corporations Act.