Link Logistics and Carrier Collaborate to Drive Value Through Energy Efficiency

Rhea-AI Summary

Carrier Global Corporation (NYSE: CARR) has announced a collaboration with Link Logistics to enhance energy management and analytics across Link's extensive logistics portfolio. This partnership aims to boost energy efficiency for Link's real estate assets, benefiting over 11,000 clients. By utilizing EcoEnergy Insights' AI and IoT technologies, Link will implement utility metering solutions across nearly 550 million square feet of logistics space. Link Logistics is committed to achieving carbon-neutral operations by 2025, aligning with its customers' preference for energy-efficient facilities. This initiative is part of Carrier's broader ESG goals to significantly reduce carbon footprints by 2030.

Positive

• Collaboration aims to enhance energy efficiency across Link Logistics' portfolio.
• Link Logistics serves over 11,000 customers, expanding market potential.
• Implementation of utility metering to improve cost management and sustainability.
• Carrier's commitment to reduce customer carbon footprints aligns with global sustainability goals.

Negative

• None.

Carrier’s Abound solutions and EcoEnergy Insights enable Link Logistics to enhance the value of its facilities and minimize its carbon footprint by scaling AI and IoT solutions and services across its portfolio

NEW YORK--(BUSINESS WIRE)-- Link Logistics (“Link”), a leading national last-mile logistics real estate company designed to meet the needs of the modern supply chain, and Carrier Global Corporation (NYSE: CARR), the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, today announced a collaboration to deliver energy management and analytics across Link’s enterprise portfolio. The collaboration will unlock value by enhancing energy efficiency for Link’s assets and more than 11,000 customers.

EcoEnergy Insights, a part of Carrier and leading provider of Artificial Intelligence (AI) and Internet of Things (IoT)-enabled solutions and services, will help Link Logistics scale revenue-grade utility metering and monitoring hardware across its nearly 550 million square-foot portfolio. As a result, Link’s customers will be able to more actively manage their energy consumption to reduce costs and minimize their carbon footprints.

“This partnership is representative of our relentless focus on enhancing the value of our properties through our forward-thinking approach to sustainability,” said Luke J. Petherbridge, chief executive officer, Link Logistics. “Our customers prefer energy-efficient buildings, which aligns with our dedication to minimizing our environmental impact on our path to achieving carbon neutral operations by 2025.”

“Link is one of the first industrial real estate players to harness the power of utility data insights at scale to generate impactful results,” said Sam Stockdale, senior vice president, head of Sustainability, Link Logistics. “By joining forces with Carrier and EcoEnergy Insights, we gain access to industry-leading tools that help us break down barriers to energy data, deliver cost savings to our customers and meet our ambitious climate objectives.”

EcoEnergy Insights has pioneered using technology to manage energy use and operational performance across multiple sites and meet customers’ Environmental, Social & Governance (ESG) goals such as improving energy efficiency, enhancing occupant comfort, reducing maintenance costs and enhancing product safety. EcoEnergy Insights will provide Link Logistics with its CORTIX™ AI and IoT platform and access to its BluEdge™ Command Centers, where teams of skilled analysts, data scientists and domain experts deliver 24/7 remote commissioning, monitoring and diagnostics to help drive energy efficiency and sustainability. The CORTIX platform is part of Carrier’s Abound suite of solutions, focused on real-time IAQ, thermal comfort and energy usage.

“By using technology and advanced analytics, EcoEnergy Insights can drive a step change in energy efficiency and sustainability in the logistics and transportation industry,” said Ajay Agrawal, senior vice president, Global Services, Healthy Buildings & chief strategy officer, Carrier. “We are looking forward to working with Link to deliver their climate and cost savings objectives. This collaboration is fully aligned with Carrier’s ambitious ESG goal to reduce its customers’ carbon footprint by more than 1 gigaton by 2030.”

To learn more about Link Logistics’ sustainability program and commitments, visit the company’s Sustainability webpage.

About Link Logistics

Link Logistics is a leading national last-mile logistics real estate company designed to meet the needs of the modern supply chain. The Company, established in 2019 by Blackstone, operates the largest portfolio of logistics real estate assets located exclusively in the U.S. As of December 31, 2022, Link owns, has interests in, or has under development logistics facilities across key distribution markets in the U.S. that will represent a total of 545 million square feet when completed and serves more than 11,000 customers. Link has the scale, geographic footprint and logistics expertise, as well as a heightened focus on sustainability, to power the supply chain of tomorrow. For more information regarding the Company, please visit www.linklogistics.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230417005726/en/

Melissa Sachs

MSachs@LinkLogistics.com

OR

FGS Global

LinkLogistics@fgsglobal.com

Source: Link Logistics

FAQ

What is the significance of the partnership between Carrier and Link Logistics?

The partnership focuses on enhancing energy management and analytics, aiming to improve energy efficiency across Link's logistics portfolio, serving over 11,000 customers.

How will EcoEnergy Insights contribute to Link Logistics' operations?

EcoEnergy Insights will provide AI and IoT technologies for utility metering, allowing Link to manage energy consumption more effectively across its nearly 550 million square feet of facilities.

What are the sustainability goals of Link Logistics?

Link Logistics aims to achieve carbon-neutral operations by 2025, reflecting its commitment to sustainability and energy efficiency.

What is Carrier's target for carbon footprint reduction?

Carrier has an ambitious goal to reduce its customers' carbon footprint by more than 1 gigaton by 2030 as part of its ESG initiatives.