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Trane and Northern Illinois University Kick Off Energy-Saving Program for a More Sustainable Future

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Trane Technologies (NYSE:TT) announces a major energy-saving infrastructure upgrade program at Northern Illinois University (NIU). The comprehensive initiative, set to be implemented over 18 months, includes LED lighting, water conservation measures, solar installations, EV charging stations, and HVAC upgrades. The program is projected to reduce NIU's energy consumption by over 26% and emissions by 11%, supporting the university's goal of 50% emissions reduction by 2030.

The campus-wide improvements will have an environmental impact equivalent to removing 6,552 cars from the road or planting 455,169 trees. The project is funded through a budget-neutral Energy Savings Performance Contracting (ESPC) approach, utilizing federal, state, utility, energy, and operational savings. The collaboration also includes workforce development opportunities through student capstone projects, internships, and employment opportunities.

Trane Technologies (NYSE:TT) annuncia un importante programma di aggiornamento delle infrastrutture per il risparmio energetico presso la Northern Illinois University (NIU). L'iniziativa complessiva, prevista per essere attuata in 18 mesi, include illuminazione a LED, misure di conservazione dell'acqua, installazioni solari, stazioni di ricarica per veicoli elettrici e aggiornamenti HVAC. Si prevede che il programma ridurrà il consumo energetico della NIU di oltre il 26% e le emissioni di 11%, a supporto dell'obiettivo dell'università di ridurre le emissioni del 50% entro il 2030.

Le migliorie su tutto il campus avranno un impatto ambientale equivalente a rimuovere 6.552 automobili dalla strada o a piantare 455.169 alberi. Il progetto è finanziato attraverso un approccio di Energy Savings Performance Contracting (ESPC) che risulta neutro dal punto di vista del bilancio, utilizzando risparmi federali, statali, delle utility, di energia e operativi. La collaborazione include anche opportunità di sviluppo della forza lavoro attraverso progetti di laurea per studenti, tirocini e opportunità lavorative.

Trane Technologies (NYSE:TT) anuncia un importante programa de mejora de infraestructura para el ahorro de energía en la Northern Illinois University (NIU). La iniciativa integral, que se implementará en un plazo de 18 meses, incluye iluminación LED, medidas de conservación de agua, instalaciones solares, estaciones de carga para vehículos eléctricos y mejoras en HVAC. Se proyecta que el programa reducirá el consumo de energía de la NIU en más del 26% y las emisiones en 11%, apoyando el objetivo de la universidad de reducir las emisiones en un 50% para 2030.

Las mejoras en todo el campus tendrán un impacto ambiental equivalente a la eliminación de 6,552 automóviles de la carretera o a plantar 455,169 árboles. El proyecto está financiado a través de un enfoque de Energy Savings Performance Contracting (ESPC) que es neutro en el presupuesto, utilizando ahorros federales, estatales, de servicios públicos, energéticos y operativos. La colaboración también incluye oportunidades de desarrollo de la fuerza laboral a través de proyectos finales para estudiantes, pasantías y oportunidades de empleo.

Trane Technologies (NYSE:TT)는 북일리노이 대학교(NIU)에서 대규모 에너지 절약 인프라 개선 프로그램을 발표했습니다. 18개월 동안 시행될 이 포괄적인 이니셔티브는 LED 조명, 물 절약 조치, 태양광 설치, 전기차 충전소 및 HVAC 업그레이드를 포함합니다. 이 프로그램은 NIU의 에너지 소비를 26% 이상 줄이고 배출량을 11% 줄일 것으로 예상되며, 2030년까지 배출량을 50% 줄이겠다는 대학의 목표를 지원합니다.

캠퍼스 전역의 개선 사항은 6,552대의 자동차를 도로에서 제거하거나 455,169그루의 나무를 심는 것과 동등한 환경적 영향을 미칩니다. 이 프로젝트는 연방, 주, 유틸리티, 에너지 및 운영 절감을 활용한 예산 중립적인 에너지 절약 성과 계약(ESPC) 접근 방식을 통해 자금을 지원받습니다. 이 협력은 학생 캡스톤 프로젝트, 인턴십 및 고용 기회를 통한 인력 개발 기회도 포함합니다.

Trane Technologies (NYSE:TT) annonce un programme majeur de mise à niveau des infrastructures pour l'économie d'énergie à l'Université du Nord de l'Illinois (NIU). Cette initiative complète, qui devrait être mise en œuvre sur une période de 18 mois, comprend l'éclairage LED, des mesures de conservation de l'eau, des installations solaires, des stations de recharge pour véhicules électriques et des améliorations des systèmes HVAC. Le programme devrait réduire la consommation d'énergie de la NIU de plus de 26% et les émissions de 11%, soutenant l'objectif de l'université de réduire les émissions de 50% d'ici 2030.

Les améliorations sur tout le campus auront un impact environnemental équivalent à retirer 6 552 voitures de la route ou à planter 455 169 arbres. Le projet est financé par une approche de contrat de performance d'économie d'énergie (ESPC) neutre pour le budget, en utilisant des économies fédérales, étatiques, de services publics, énergétiques et opérationnelles. La collaboration comprend également des opportunités de développement de la main-d'œuvre grâce à des projets finaux pour les étudiants, des stages et des opportunités d'emploi.

Trane Technologies (NYSE:TT) kündigt ein umfassendes Infrastruktur-Upgrade-Programm zur Energieeinsparung an der Northern Illinois University (NIU) an. Die umfassende Initiative, die über einen Zeitraum von 18 Monaten implementiert werden soll, umfasst LED-Beleuchtung, Maßnahmen zur Wassereinsparung, Solarinstallationen, Ladestationen für Elektrofahrzeuge und HVAC-Upgrade. Es wird erwartet, dass das Programm den Energieverbrauch der NIU um über 26% und die Emissionen um 11% senkt, was das Ziel der Universität unterstützt, die Emissionen bis 2030 um 50% zu reduzieren.

Die campusweiten Verbesserungen werden eine Umweltauswirkung haben, die dem Entfernen von 6.552 Autos von der Straße oder dem Pflanzen von 455.169 Bäumen entspricht. Das Projekt wird über einen haushaltsneutralen Ansatz der Energy Savings Performance Contracting (ESPC) finanziert, der Bundes-, Staats-, Versorgungs-, Energie- und Betriebseinsparungen nutzt. Die Zusammenarbeit umfasst auch Möglichkeiten zur Entwicklung der Arbeitskräfte durch studentische Abschlussprojekte, Praktika und Beschäftigungsmöglichkeiten.

Positive
  • Project will reduce energy consumption by over 26% and emissions by 11%
  • Budget-neutral financing through Energy Savings Performance Contracting (ESPC)
  • Creates new revenue streams through federal, state, and utility savings
  • Expands business opportunities through workforce development and student programs
Negative
  • 18-month implementation period indicates delayed revenue recognition

Insights

This energy infrastructure upgrade program, while environmentally significant, has minimal direct financial impact on Trane Technologies' $89.7B market cap. The project demonstrates Trane's execution of its core business strategy in the commercial HVAC and energy solutions sector, particularly in the education vertical. The energy savings performance contracting (ESPC) model is a proven revenue generator that creates long-term value through guaranteed energy savings, though the specific contract value wasn't disclosed.

The 26% energy reduction target and integration of multiple sustainable technologies showcases Trane's comprehensive solution capabilities. While this single project won't materially impact quarterly earnings, it strengthens Trane's position in the growing educational infrastructure modernization market and aligns with increasing demand for ESG-focused building solutions.

The technical scope of this project is comprehensive, incorporating cutting-edge building technologies across multiple domains. The integration of solar PV, thermal energy storage and smart HVAC controls represents a sophisticated approach to campus-wide energy management. The inclusion of EV charging infrastructure and building weatherization demonstrates forward-thinking planning for future energy needs.

Particularly noteworthy is the implementation of thermal energy storage for cooling, which can significantly reduce peak energy demands and operating costs. The combination of these technologies with smart building controls creates an intelligent energy ecosystem that can optimize performance in real-time, setting a benchmark for large-scale institutional energy modernization projects.

Innovative upgrades will reduce NIU energy consumption by more than 26%, supporting the university's 2030 Sustainability and Climate Action Plan

DAVIDSON, NC / ACCESSWIRE / December 12, 2024 / Trane® - by Trane Technologies (NYSE:TT), a global climate innovator, announces that energy-saving infrastructure upgrades are underway at the Northern Illinois University (NIU) campus in DeKalb, Ill. Trane, a leader in building and energy solutions, is collaborating with the university to develop and implement a comprehensive energy saving and emissions reduction program.

Over the course of the next 18 months, Trane and NIU will upgrade the Dekalb campus with comprehensive energy saving solutions including LED lighting, water conservation measures, building weatherization improvements, Solar Photovoltaic installations at multiple locations, EV charging stations, Thermal Energy Storage for cooling, high-efficiency heating and cooling system upgrades, and smart HVAC building controls.

As a result of these improvements, NIU is projected to achieve over a 26% reduction in energy consumption and an 11 percent reduction in emissions. The new energy-saving program by Trane will help NIU reduce its carbon footprint and achieve measurable progress toward the university's goal of reducing emissions by 50 percent by fiscal year 2030, further solidifying NIU's commitment to sustainability leadership.

This campus-wide initiative supports NIU's technical, social, environmental, and financial goals, delivering sustainable benefits to the community while integrating sustainability into campus life, strategic planning, and decision-making. In 2023 the university established a comprehensive Sustainability and Climate Action Plan, aiming to establish a leading position in sustainability education and research. Campus improvements will have an annual greenhouse gas emissions equivalent to removing 6,552 cars from the road or planting 455,169 trees according to the Environmental Protection Agency's Greenhouse Gas Equivalencies Calculator.

"In collaboration with Trane, we are excited and thrilled to be pursuing a greener future for Northern Illinois University, our community and our world," NIU President Lisa C. Freeman said. "NIU already plays critical roles in education and research related to sustainability, but this effort demonstrates our commitment to modeling sustainable behavior and environmental stewardship."

The updates are funded through a combination of federal, state, utility, energy, and operational savings. By leveraging Energy Savings Performance Contracting (ESPC), this budget-neutral approach will enable progress. This allows NIU to reinvest capital against other priorities that align with their vision of being a regional and national model for sustainability. By collaborating with Trane, the university can finance today's facility upgrades with tomorrow's energy savings, without tapping into capital budgets.

"NIU's commitment to both sustainability and the comfort of students and staff created a strong foundation for this extensive sustainability program," said Jon Dunlap, Upper Midwest Area Director of Energy Services, Commercial HVAC Americas, Trane Technologies. "We are proud to collaborate and help them achieve their energy efficiency goals. These improvements will help reduce energy consumption and carbon emissions and create more resilient and sustainable learning spaces for students and more comfortable working environments for staff."

In addition to ambitious on-campus sustainability goals, the Trane and NIU collaboration will incorporate significant social impact elements, including new workforce development opportunities for students through capstone projects, internships, and employment opportunities. The program emphasizes community engagement and uplift around sustainability, energy career paths, and STEM education. These efforts further enhance NIU's community presence and contribute to the broader community's economic and social well-being.

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About Trane
Trane - by Trane Technologies (NYSE: TT), a global climate innovator - creates comfortable, energy efficient indoor environments through a broad portfolio of heating, ventilating and air conditioning systems and controls, services, parts and supply. 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. For more on Trane Technologies, visit tranetechnologies.com.

About Northern Illinois University
Northern Illinois University is a student-centered, nationally recognized public research university, with expertise that benefits its region and spans the globe in a wide variety of fields, including the sciences, humanities, arts, business, engineering, education, health and law. The Wall Street Journal and CollegeNET recognize NIU as a leading institution for social mobility, or helping its students climb the socioeconomic ladder. Through its main campus in DeKalb, Illinois, and education centers for students and working professionals in Chicago, Naperville and Rockford, NIU offers more than 100 areas of study while serving a diverse and international student body.

Forward Looking Statements
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 efforts, energy saving initiatives, social impact initiatives, 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. Factors that could cause such differences can be found in our Form 10-K for the year ended December 31, 2023, 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.

Tax Disclaimer: Trane does not provide tax, legal, or accounting advice. This material is for informational purposes only and it should not be relied on for tax, legal, or accounting advice. Tax law is subject to continual change. All decisions are your responsibility and you should consult your own tax, legal, and accounting advisors. Trane disclaims any responsibility for actions taken on the material presented.

© 2024 Trane. All Rights Reserved.​​
All trademarks referenced in this document are the trademarks of their respective owners.

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

What is the expected energy reduction from Trane's (TT) NIU infrastructure upgrade program?

The program is expected to reduce NIU's energy consumption by over 26% and emissions by 11%.

How is Trane Technologies (TT) financing the NIU energy savings project?

The project is financed through Energy Savings Performance Contracting (ESPC), using federal, state, utility, energy, and operational savings, making it budget-neutral.

What sustainable technologies is Trane (TT) implementing at Northern Illinois University?

Trane is implementing LED lighting, water conservation measures, solar installations, EV charging stations, thermal energy storage, HVAC upgrades, and smart building controls.

What is the environmental impact of Trane's (TT) NIU energy savings program?

The program's environmental impact is equivalent to removing 6,552 cars from the road or planting 455,169 trees according to EPA calculations.

How long will Trane's (TT) energy-saving infrastructure upgrades at NIU take?

The infrastructure upgrades will be implemented over the course of 18 months.

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