Thermo King® by Trane Technologies Unveils Cutting Edge Cold Chain Decarbonization Solutions for Truck, Trailer & Bus at IAA Transportation 2022

Rhea-AI Summary

Trane Technologies (NYSE: TT) launched innovative refrigeration solutions at IAA Transportation 2022 in Hannover, Germany, including the Advancer™ models, a new all-electric E-Series, and a CO2 heat pump for buses. These technologies enhance cold chain electrification and decarbonization, helping the company reach its commitment to deliver fully electric products in Europe, the Middle East, Africa by 2023, and the Americas by 2025. The advancements support Trane Technologies' 2030 Sustainability Commitments, specifically the Gigaton Challenge, aiming for a significant reduction in customer emissions.

Positive

• Launch of three innovative refrigeration products aligned with sustainability goals.
• Commitment to achieving fully electric product delivery by 2023 in EMEA and by 2025 in the Americas.
• Support for the Gigaton Challenge to reduce customer emissions by a billion metric tons.

Negative

• None.

Innovative technologies reduce emissions and accelerate electrification of transport refrigeration

SWORDS, Ireland--(BUSINESS WIRE)-- Thermo King®, a leader in transport temperature control solutions and a brand of Trane Technologies (NYSE: TT), today unveiled cutting edge truck, trailer and bus solutions for cold chain electrification and decarbonization at IAA Transportation 2022 in Hannover, Germany. The launches include three next generation models for Advancer™, a pacesetter in electric trailer refrigeration; the brand-new, all-electric E-Series, designed for battery-powered vehicles; and a high-performing, natural refrigerant CO2 heat pump for electric buses. Combined, these technologies reduce emissions and energy consumption, expand sustainable power sources, and increase efficiency.

The latest launches will help meet Thermo King’s commitment to deliver fully electric products in every segment of the cold chain in Europe, Middle East, Africa (EMEA) by 2023, and in the Americas by 2025. These innovations also support progress towards Trane Technologies’ 2030 Sustainability Commitments, including its Gigaton Challenge to reduce customer emissions by a billion metric tons.

“It’s exciting to announce our latest technologies at IAA, which address the most pressing needs for fleet owners, communities and the planet, and accelerate the electrification of transport refrigeration,” said Dwayne Cowan, president of Thermo King EMEA, Trane Technologies. “Demand has never been greater for getting fresh food to store shelves, medicine to hospitals, and other temperature-controlled cargo to cities and towns across Europe and beyond. We’re relentlessly innovating to solve customers’ most complex challenges today, while building a better future for tomorrow.”

From September 20 to 25, IAA Transportation 2022 visitors will have the opportunity to see Thermo King’s newest innovation and cold chain technologies in action, including:

• Pioneering solutions in the industry-leading, energy efficient Advancer trailer refrigeration portfolio, including fully electric, low to zero-emission smart energy recovery, and engineless trailer refrigeration systems
• Brand new, all-electric E-Series refrigeration units, customized for light commercial vehicles and powered directly by the vehicle’s high voltage battery

• Advanced, natural refrigerant CO2 bus heat pump technology, designed to reduce greenhouse gas emissions and costs without sacrificing passenger climate comfort

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 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/20220919005250/en/

Media Contact:

Stephanie Moncada

+1-757-806-8280

Stephanie.moncada@tranetechnologies.com

Investors Contact:

Zac Nagle

+1-704-990-3913

InvestorRelations@tranetechnologies.com

Source: Trane Technologies

FAQ

What new products did Trane Technologies announce at IAA Transportation 2022?

Trane Technologies announced three new refrigeration solutions: next generation Advancer™ models, an all-electric E-Series, and a CO2 heat pump for buses.

What is Trane Technologies' commitment to sustainability by 2023?

Trane Technologies aims to deliver fully electric products in every segment of the cold chain in Europe, the Middle East, and Africa by 2023.

How does Trane Technologies plan to reduce emissions?

Through innovative refrigeration technologies and the Gigaton Challenge, which targets reducing customer emissions by a billion metric tons.

Where was Trane Technologies' product launch event held?

The product launch was held at IAA Transportation 2022 in Hannover, Germany.

What are the expected benefits of Trane Technologies' new refrigeration solutions?

These solutions aim to reduce emissions and energy consumption while enhancing efficiency and supporting decarbonization efforts.