Thermo King® by Trane Technologies Accelerates Cold Chain Decarbonization Following Electric Trailer Trials with Walmart, Loblaws and Martin Brower

Rhea-AI Summary

Thermo King, a leader in transport temperature control and a brand of Trane Technologies (NYSE: TT), has successfully completed over 2,500 hours of testing on its evolve™ electric trailer. This battery-powered refrigerated unit maintains strict climate control for food and goods, showcasing zero emissions. Partnered with retailers like Walmart and Loblaws, Thermo King aims to advance electrification of the cold chain, supporting sustainability goals. The company plans to deliver all-electric solutions across all segments by 2023 in Europe and 2025 in the Americas.

Positive

• Successful testing of evolve™ electric trailer over 2,500 hours with retailers.
• Zero direct emissions from the electric trailer technology, promoting sustainability.
• Commitment to delivering all-electric, zero-emission solutions by 2023 in Europe and 2025 in the Americas.

Negative

• None.

Through 2,500 hours of trial runs, the electric trailer kept food and other critical cargo fresh for the major retailers and logistics providers, bringing them closer to electrified fleets

SWORDS, Ireland--(BUSINESS WIRE)--

Thermo King®, a leader in transport temperature control solutions and a brand of Trane Technologies (NYSE: TT), has completed initial testing of its innovative evolve™ electric trailer with retailers Walmart and Loblaws, and Martin Brower, a leading supply chain solutions provider for restaurants around the world. During more than 2,500 hours of operation, the battery-powered refrigerated trailer unit delivered excellent performance, ensuring high quality climate control to keep food and other goods fresh. With zero direct emissions, Thermo King’s electric trailer technology can help to significantly decarbonize the cold chain.

During more than 2,500 hours of operation, Thermo King®'s battery-powered refrigerated trailer unit delivered excellent performance, ensuring high quality climate control to keep food and other goods fresh. (Photo: Business Wire)

“By partnering with our customers, we can help accelerate the industry’s transformation to electrification by applying valuable insights from data collected during these trials,” said Karin De Bondt, president of Thermo King Americas. “With more than 2,500 hours of operation, the learnings bring us closer to a commercialized all-electric trailer unit, help our customers prepare their operations, and ultimately, together we can advance the industry forward.”

“With thousands of refrigerated trailers using diesel fuel today, we have the ability to make a meaningful difference when it comes to reducing greenhouse gas emissions,” said Fernando Cortes, senior vice president of transportation, Walmart U.S. “We were pleased to work with Thermo King on the testing of our first-ever refrigerated trailer operated primarily on battery electricity in the U.S. as we look for solutions to achieve zero emissions by 2040.”

"Our goal is to deliver innovative and meaningful solutions that help restaurants and our business create a more globally sustainable, ethical, and responsible future,”, said Danny Fahey, Martin Brower’s vice president of US strategy and sustainability. “Piloting the Thermo King® electric trailer allows us to support new technologies, which is an essential step toward achieving our ambitious, long-term goal — significantly reducing our carbon emissions per ton and limiting our environmental impact.”

Leveraging Thermo King TracKing® telematics, customer operations data and learnings have been documented with each evolve™ trailer demonstration, directly contributing to future product optimization and innovation. In addition to its current portfolio of products, Thermo King has committed to delivering all-electric, zero-emission solutions for every segment of the end-to-end cold chain by 2023 in Europe and 2025 in the Americas. Through its evolve™ all-electric portfolio, the business will help advance Trane Technologies’ 2030 Sustainability Commitments, including its Gigaton Challenge to reduce customer greenhouse gas emissions by 1 billion metric tons.

About Trane Technologies

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

About Thermo King

Thermo King – by Trane Technologies (NYSE: TT), a global climate innovator – is a worldwide leader in sustainable transport temperature control solutions. Thermo King has been providing transport temperature control solutions for a variety of applications, including trailers, truck bodies, buses, air, shipboard containers, and railway cars since 1938. For more information, visit www.thermoking.com or www.europe.thermoking.com.

This news release includes “forward-looking statements” which are statements that are not historical facts, including statements that relate to our commitment to deliver fully electric products in every segment of the cold chain and our other sustainability commitments and the impact of these 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. Such factors include, but are not limited to, changes in laws and regulation, global economic conditions, the outcome of any litigation, our ability to develop new products and services and the acceptance of these products in the markets that we serve. Additional factors that could cause such differences can be found in our Form 10-K for the year ended December 31, 2021, as well as our subsequent reports on Form 10-Q and other SEC filings. We assume no obligation to update these forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221004005284/en/

Media Contact:

Shelby Hansen

+1-704-990-3835

Shelby.Hansen@tranetechnologies.com



Investors Contact:

Zachary Nagle

+1-704-990-3913

InvestorRelations@tranetechnologies.com

Source: Trane Technologies

FAQ

What are the key features of the evolve™ electric trailer from Trane Technologies (NYSE: TT)?

The evolve™ electric trailer features battery-powered refrigeration, maintains high-quality climate control, and operates with zero direct emissions.

Which companies partnered with Trane Technologies (NYSE: TT) for the testing of the electric trailer?

Trane Technologies partnered with Walmart, Loblaws, and Martin Brower for testing the evolve™ electric trailer.

When does Trane Technologies (NYSE: TT) plan to deliver all-electric solutions in Europe and the Americas?

Trane Technologies aims to deliver all-electric solutions by 2023 in Europe and by 2025 in the Americas.

How long was the testing period for the evolve™ electric trailer from Trane Technologies (NYSE: TT)?

The testing period for the evolve™ electric trailer lasted over 2,500 hours.

What sustainability goals does Walmart have related to the electric trailer collaboration with Trane Technologies (NYSE: TT)?

Walmart aims to achieve zero emissions by 2040, and the testing of the electric trailer is part of this initiative.