Innovating for Impact: Thermo King(R) Hybrid-Electric Multi-Temp Trailer Debuts in Chicago
Thermo King has introduced its latest innovation, the evolve™ hybrid-electric multi-temperature refrigerated trailer, in Chicago. This development, resulting from a multi-year collaboration with logistics leader Martin Brower, aims to reduce carbon emissions significantly. The new trailer can maintain precise cargo temperatures with zero direct emissions, potentially decreasing carbon output by 100 pounds per unit per day. The technology has been tested extensively over two years under various conditions and distances. Thermo King plans to have an all-electric solution across all cold chain transport segments by 2025, supporting Trane Technologies' goal of reducing customer greenhouse gas emissions by 1 billion metric tons by 2030.
- Launch of the evolve™ hybrid-electric multi-temperature refrigerated trailer.
- Potential carbon reduction of 100 pounds per unit per day.
- Zero direct emissions from the battery-powered trailer.
- Extensive testing over two years with positive performance.
- Supports Trane Technologies' commitment to reducing greenhouse gas emissions by 1 billion metric tons by 2030.
- Plans to have an all-electric solution across all cold chain transport segments by 2025.
- No specific financial data or immediate financial impact on Thermo King or its investors mentioned.
- Future reliance on the success of all-electric solutions by 2025 could pose business risks if technology or market acceptance falters.
Insights
The introduction of Thermo King’s hybrid-electric refrigerated trailer is a significant step toward reducing carbon emissions in the cold chain logistics sector. The reported reduction of
However, the long-term impact on overall emissions will depend on the scalability of this technology. The ability to maintain precise temperatures without emissions is a promising development, but widespread adoption is necessary to achieve meaningful reductions in carbon footprint. This innovation aligns with broader sustainability goals, such as Trane Technologies’ 2030 Sustainability Commitments, which aim to reduce customer greenhouse gas emissions by 1 billion metric tons.
For investors, the move toward sustainable technology represents a forward-thinking strategy that could enhance Thermo King's market position, especially as regulatory pressures increase and demand for green technology grows.
From a financial perspective, Thermo King’s introduction of the hybrid-electric multi-temp trailer could positively affect their bottom line by positioning them as leaders in sustainable cold chain solutions. The trucking and logistics industry is under increasing pressure to reduce emissions and solutions like the evolve™ hybrid-electric trailer could capture a significant share of the market.
Cost savings related to fuel efficiency and potential incentives for using low-emission technology are factors that could improve profitability. Additionally, the ability to meet stringent environmental regulations could prevent costly penalties and enhance the company's reputation among environmentally-conscious clients, thereby potentially increasing market share.
It’s important to consider the costs associated with developing and deploying this new technology. Research and development expenses, alongside the initial production costs, could affect short-term profitability. However, the long-term benefits, including operational savings and market expansion, might outweigh these initial investments.
Thermo King's hybrid-electric multi-temperature refrigerated trailer makes its debut in Chicago, the culmination of a multi-year collaboration with Martin Brower.
NORTHAMPTON, MA / ACCESSWIRE / May 29, 2024 / We're helping solve our customers' big challenges by innovating and delivering solutions that are better for their business-and for the environment.
Project At-a-Glance:
The opportunity:
- Transport goods in multiple cold temperatures using industry-leading technology: an emissions-reducing, hybrid-electric refrigerated trailer
The solution:
- The Thermo King evolve™ hybrid-electric, multi-temperature trailer
Sustainability outcomes:
- Emissions reduction of 100 pounds of carbon per unit per day
In 2021, Thermo King partnered with leading logistics provider Martin Brower to run trials of the single-temp evolve™ hybrid-electric trailer refrigeration system. This past December the new, multi-temp evolve trailer went into service, making supply deliveries to Chicago-area quick service restaurant locations as part of Martin Brower's trucking fleet.
The battery-powered trailer has performed extremely well over the past two months of operations, not only maintaining its cargo at precise temperatures, but doing so with zero direct emissions.
"This technology has the potential to significantly decarbonize the cold chain," said Paul Kroes, Sr. Trailer Product Manager, Thermo King Americas. "In our trials we recorded average emissions reduction of 100 pounds of carbon per unit per day. When you consider how many long-haul refrigerated trailers that are on the roads today, you're talking about massive carbon-reduction potential."
Thermo King and Martin Brower have been testing electrified trailers for more than two years, transporting loads of refrigerated and deep-frozen goods various distances under differing climate conditions. All the while, engineers have used intelligent dashboards and telematics to collect performance data to improve the technology and better meet customer needs.
"A big focus of the research has been to understand the customer, to learn with them and create the best solution to ensure the safe and reliable delivery of their products," said Sophia Krueger, Channel Marketing Manager for Thermo King Americas. "Partnerships like this are just one way we are providing sustainable and reliable transport climate control solutions that move the cold chain forward."
By 2025, Thermo King will have an all-electric solution in every transport segment of the cold chain. The evolve portfolio will also be critical in advancing Trane Technologies' 2030 Sustainability Commitments, including the Gigaton Challenge, an initiative aimed at reducing customer greenhouse gas emissions by 1 billion metric tons over the next six years.
Along with the built environment, the transportation cold chain is one of the biggest emitters of greenhouse gasses (GHGs) and presents a major opportunity for carbon emissions reductions. Thermo King's evolving portfolio of electric refrigerated transportation solutions represents a big step toward a low-carbon cold chain.
"The evolve trials have been instrumental in highlighting the challenges and possibilities associated with transitioning to electrification," stated Kroes. "Through these trials, we have reaffirmed our ability to transport goods at precise temperatures with utmost reliability and sustainability. Our approach revolves around delivering flexible, dependable, and scalable solutions that cater to the unique needs of our customers."
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 the original press release on accesswire.com
FAQ
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