Good Housekeeping 2023 Home Renovation Awards Recognizes Innovative Heat Pump from Trane Technologies

Rhea-AI Summary

Trane Technologies (TT) announces that the Trane XV20i Variable Speed Heat Pump with Trane Link has been named the best High-Efficiency Heat Pump in Good Housekeeping’s 2023 Home Renovation Awards. This recognition highlights Trane's innovative design, sustainable heating, cooling, and temperature control solutions, and industry leadership. The system's advanced features, such as Trane Link and Trane Diagnostics, provide remote and predictive services for accurate installations, monitoring, and troubleshooting. Field trials of Trane's cold climate heat pump (CCHP) are underway, surpassing U.S. Department of Energy requirements and contributing to Trane Technologies' bold sustainability commitments.

Positive

• Trane XV20i named Best High-Efficiency Heat Pump in Good Housekeeping’s 2023 Home Renovation Awards
• Innovative design makes installation, maintenance, and service smarter
• Trane's cold climate heat pump (CCHP) exceeds U.S. Department of Energy requirements
• Contributions to Trane Technologies' bold 2030 Sustainability Commitments and 2050 net-zero carbon emissions target

Negative

• None.

Trane XV20i named Best High-Efficiency Heat Pump in Good Housekeeping’s 2023 Home Renovation Awards

SWORDS, Ireland--(BUSINESS WIRE)-- Trane Technologies (NYSE:TT), a global climate innovator, is pleased to announce the Trane® XV20i Variable Speed Heat Pump with Trane Link has been named the best High-Efficiency Heat Pump in Good Housekeeping’s 2023 Home Renovation Awards. The annual award recognizes the top products and services in home improvement.

The XV20i Variable Speed Heat Pump with Trane Link is the latest example of heat pump innovation that builds on Trane Technologies’ position as an industry leader in sustainable heating, cooling and temperature control solutions. The system’s innovative design makes installation, maintenance and service smarter. Homeowners benefit from the technology of Trane Link and Trane Diagnostics which provide remote and predictive services to ensure accurate installations, and that give technicians performance data to set up, monitor and accurately troubleshoot one of the home’s most crucial systems.

Good Housekeeping Chief Technologist and Executive Technical Director Rachel Rothman renovated her home with the Trane heat pump, noticing an immediate decrease in energy costs and quieter operation. “Remote control through the Trane home app is a nice convenience,” she said, “for example enabling us to get the home at the optimal temperature before returning from a weekend away.”

“We’re extremely proud that Good Housekeeping has recognized the XV20i Variable Speed Heat Pump,” said Katie Davis, vice president of engineering and technology, Residential HVAC & Supply, Trane Technologies. “This system is a beacon of innovation, sustainability and quality for homeowners, who will benefit from its reliability as well as savings. The industry-leading technology designed into this system is the foundation for our next innovation, the cold climate heat pump.”

Field trials of Trane’s cold climate heat pump (CCHP) are underway, after the company’s prototype surpassed U.S. Department of Energy (DOE) requirements for the Residential Cold Climate Heat Pump Challenge. When tested at the DOE’s lab, the system exceeded testing requirements, performing in temperatures below the mandatory negative 20 degrees Fahrenheit DOE requirement.

The CCHP, along with current heat pumps like the XV20i, lessen the reliance on fossil fuels that emit harmful emissions proven to contribute to climate change. Solutions like these are helping Trane Technologies make significant progress toward its bold 2030 Sustainability Commitments, including the Gigaton Challenge, and its 2050 net-zero carbon emissions target. The company is first in its industry with near and long-term emissions reduction targets externally validated by the Science Based Targets initiative (SBTi).

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. For more on Trane Technologies, visit tranetechnologies.com.

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.

This news release includes “forward-looking statements” within the meaning of securities laws, which are statements that are not historical facts, including statements that relate to our decarbonization innovations, our sustainability commitments and the anticipated impact of these innovations and commitments. These forward-looking statements are based on our current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from our current expectations. Factors that could cause such differences can be found in our Form 10-K for the year ended December 31, 2022, as well as our subsequent reports on Form 10-Q and other SEC filings. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. We assume no obligation to update these forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231205256302/en/

Media Contact:

Shelby Hansen

+1-925-336-0496

Shelby.Hansen@tranetechnologies.com

Investors Contact:

Zachary Nagle

+1-704-990-3913

InvestorRelations@tranetechnologies.com

Source: Trane Technologies

FAQ

What award did Trane Technologies receive for the Trane XV20i Variable Speed Heat Pump?

Trane Technologies received the Best High-Efficiency Heat Pump award in Good Housekeeping’s 2023 Home Renovation Awards for the Trane XV20i.

What are the advanced features of the Trane XV20i Variable Speed Heat Pump?

The Trane XV20i features Trane Link and Trane Diagnostics, providing remote and predictive services for accurate installations, monitoring, and troubleshooting.

What is the status of Trane's cold climate heat pump (CCHP) field trials?

Field trials of Trane's cold climate heat pump (CCHP) are underway, surpassing U.S. Department of Energy requirements.

How does Trane Technologies contribute to sustainability?

Trane Technologies is making significant progress toward its bold 2030 Sustainability Commitments and 2050 net-zero carbon emissions target, with near and long-term emissions reduction targets externally validated by the Science Based Targets initiative (SBTi).