HVAC Residential Market

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The Wrench Group announced that Ken Haines has been selected to lead the company and will assume the role of chief executive officer. Haines was formerly the president and CEO of Atlanta’s Coolray Companies, one of Wrench’s four regional brands. The company will be headquartered in Marietta, Georgia.

Nortek Inc., a global diversified company whose offerings include heating and cooling products, ventilation products, and more, announced that it has signed an agreement and plan of merger with Melrose Industries PLC, a UK listed public company, to be acquired by Melrose for $86 per share in cash.

ASHRAE has announced revisions to the majority of chapters, including major updates related to thermal storage and district heating and cooling, in its newly published 2016 ASHRAE Handbook – HVAC Systems and Equipment.

The International Energy Agency, Solar Heating and Cooling Programme (IEA SHC) released the 2016 edition of its report on the global status of the solar thermal heating and cooling market.

The Occupational Safety and Health Administration’s (OSHA’s) Confined Spaces in Construction final rule, issued May 4, 2015, created confusion in the HVAC industry. ACCA announced that, after months of negotiations with OSHA, an agreement clarifies that the rule has very limited application in the residential HVAC industry.

The membership of the National Association of Oil and Energy Service Professionals (OESP) has unanimously voted to hire Jaffe Communications of Newark, New Jersey, to serve as its next executive director, following the retirement of Judy Garber on Aug. 1.

The global insulation market is forecast to reach $93.34 billion by 2024, according to a new report by Grand View Research Inc. The rising importance of energy efficient buildings owing to escalating energy costs is expected to remain a key driving factor for the global insulation market.

Renewable energy accounted for nearly 25 percent of global electrical capacity in 2015, according to a new study, Renewables 2016 Global Status Report, by REN21. The power sector experienced its largest annual increase in capacity ever, with significant growth in all regions.

The Dwyer Group has been active in helping military veterans as the originator of the VetFran program that offers veterans a discount on the purchase of a franchise. Now the franchisor of trade service brands announced it is awarding five veterans a $1,000 scholarship for franchise training or other franchise opening costs.

The Fraunhofer USA Center for Sustainable Energy Systems (CSE) successfully demonstrated two installations of plug-and-play solar photovoltaic (PV) systems at its “2016 Demo Day.”