City of Alton, Illinois, and Trane Plan Comprehensive Energy Upgrades for All City Facilities

Rhea-AI Summary

Trane Technologies (NYSE: TT) has partnered with the City of Alton, Illinois, to implement a $7 million energy and infrastructure upgrade across five city facilities. This project includes installing energy-efficient HVAC systems and a thermal energy storage system, projected to save the city approximately $40,000 annually. Funding was secured through the American Rescue Plan Act, with Trane providing a pre-payment discount of $238,000 and additional utility incentives. The collaboration supports sustainability goals while enhancing operational efficiency. The initiative also promotes diversity by engaging local minority- and women-owned subcontractors.

Positive

• Projected annual savings of $40,000 from energy efficiency upgrades.
• Utilization of over $7 million in funding from the American Rescue Plan Act, saving taxpayers $238,000.
• Engagement of minority- and women-owned subcontractors, exceeding diversity goals.

Negative

• None.

DAVIDSON, N.C. / ACCESSWIRE / March 21, 2023 / Trane^® - by Trane Technologies (NYSE:TT), a global climate innovator - and the City of Alton, Illinois have entered into an agreement for a comprehensive energy and infrastructure upgrade on all five City facilities.

Trane collaborated with a City of Alton project team to identify opportunities that support the City's sustainability focus and energy reduction goals. Planned upgrades include replacing the outdated HVAC systems in the City Hall, public works building, police station, and both fire stations with new energy-efficient HVAC infrastructure along with a web-based integrated building automation controls platform. As a result, the city anticipates realizing approximately $40,000 in energy savings annually.

Half of the annual energy savings will come from a new sustainable thermal energy storage system which will be installed outside the police station. These systems help buildings be more energy- and cost- efficient by storing energy created during off-peak times and discharging it when grid demand is high.

"Our City mission is deeply rooted in accountability, and we are proud that these infrastructure improvements will support our ability to be responsible stewards of public resources for years to come," said Mayor David Goins. "Working with Trane, we were not only able to upgrade our existing infrastructure and improve our energy efficiency, we were also able to work together to find alternative sources of funding for the project, creating substantial savings for taxpayers."

City administration and Trane collaborated to fund the more than $7 million project. Identified early on as a candidate for the American Rescue Plan Act, the City worked with OMNIA Partners, Public Sector, the premier purchasing organization for state and local government, K-12 education, colleges and universities, to procure the funding. The City benefited from Trane's pre-payment discount, which saved taxpayers $238,000, as well as more than $200,000 in federal and local utility incentives. They also expect to save a minimum of $50,000 in annual operational and maintenance costs thanks to the new systems.

The contract also solicited engagement from minority- and women-owned union subcontractors located in Madison County. The response greatly exceeded the City goals for the project, supporting both Trane Technologies' and the City's commitment to diversity and inclusion.

"The City of Alton has entrusted us to help them achieve their energy efficiency goals and decrease their energy consumption," said Jennifer Geen, senior account manager, Energy Services and Solutions, Trane. "We look forward to working closely with the City of Alton to help save energy, reduce carbon emissions and implement facility upgrades that create more resilient, sustainable, healthy spaces for the community."

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About City of Alton, Illinois
Founded in 1837, Alton is a community rich in history and character with a lot to offer. Located on the Mississippi River 25 miles north of St. Louis, Missouri, the City boasts beautiful parks, a wonderful school district, tourist attractions, and community events to interest everyone. Alton's charm and diverse resources make it a great place to live, work, and play. The City's 28,000 residents benefit from a cost of living below the national average and the protection of the Alton Police and Fire Departments.

About Trane
Trane - by Trane Technologies (NYSE: TT), a global climate innovator - creates comfortable, energy efficient indoor environments for commercial and residential applications. For more information, please visit www.trane.com or www.tranetechnologies.com.

About Trane Technologies
Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes and transportation. Visit tranetechnologies.com.

View additional multimedia and more ESG storytelling from Trane Technologies on 3blmedia.com.

Contact Info:
Spokesperson: Trane Technologies
Website: https://www.3blmedia.com/profiles/trane-technologies
Email: info@3blmedia.com

SOURCE: Trane Technologies

View source version on accesswire.com:
https://www.accesswire.com/744882/City-of-Alton-Illinois-and-Trane-Plan-Comprehensive-Energy-Upgrades-for-All-City-Facilities

FAQ

What is the energy upgrade project by Trane Technologies and the City of Alton?

Trane Technologies is collaborating with the City of Alton on a $7 million energy and infrastructure upgrade across five city facilities, focusing on energy efficiency.

How much will the City of Alton save annually from the upgrades?

The City of Alton anticipates saving approximately $40,000 annually from the energy efficiency upgrades.

What type of funding did the City of Alton receive for the project?

The funding for the project was primarily secured through the American Rescue Plan Act.

What is the significance of the thermal energy storage system in this project?

The thermal energy storage system will help improve energy efficiency by storing energy during off-peak times for use during high-demand periods.

How did Trane Technologies support the City of Alton’s project financially?

Trane Technologies provided a pre-payment discount of $238,000 and facilitated access to over $200,000 in federal and local utility incentives.