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Trane Technologies’ Thermo King Will Deliver All-Electric, Zero-Emission Solutions for End-to-End Cold Chain by 2023
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Rhea-AI Summary
Trane Technologies has announced a significant investment of over $100 million to enhance its all-electric product portfolio, branded evolve™. This initiative aims to provide electric refrigeration solutions across various transport segments in the Americas and EMEA regions by 2025. The evolve™ portfolio aligns with the company's 2030 Sustainability Commitments, targeting a reduction of customer greenhouse gas emissions by 1 billion metric tons. The investment reflects Trane's commitment to sustainable innovation and aids customers in meeting evolving regulatory requirements.
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Investment of over $100 million to develop the evolve™ portfolio.
Evolve™ will offer fully electric refrigeration solutions across all cold chain segments by 2025.
Aligns with Trane's 2030 Sustainability Commitments to reduce greenhouse gas emissions by 1 billion metric tons.
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Global leader in transport refrigeration invests more than $100M into evolve™, its new all-electric portfolio of products for the Americas and EMEA
SWORDS, Ireland--(BUSINESS WIRE)--
Thermo King, a brand of global climate innovator Trane Technologies (NYSE: TT), today announced that it will invest more than $100 million over the next three years to deliver a fully electric product in every segment of the cold chain by 2023.
The company’s all-electric portfolio, branded evolve™, will include electric refrigeration solutions for truck, trailer, rail, air and marine transport in the North America, Latin America and Europe, Middle East and Africa (EMEA) regions. The evolve portfolio aligns with customers’ goals to transition to more sustainable solutions for their fleets, and will help advance Trane Technologies’ 2030 Sustainability Commitments, including its Gigaton Challenge to reduce customer greenhouse gas emissions by 1 billion metric tons.
As new products are added to the evolve portfolio, electric solutions will be available in every cold chain segment in EMEA by 2023, and in the Americas by 2025.
“Bold solutions for a more sustainable world are core to our strategy. We continue to innovate to help reduce the carbon footprint of customer operations,” said Paul Camuti, chief technology and sustainability officer for Trane Technologies. “The evolve portfolio builds on our ongoing efforts to help customers reduce environmental impact and meet their sustainability goals as they transition fleets and stay ahead of future regulation.”
The global leader in temperature control solutions already offers fully electric products such as the E-200 for middle and last-mile delivery, and the TE-18 and Athenia™ all-electric HVAC units for public bus transit. Successfully launched in EMEA in 2020, the Advancer trailer unit is 30% more fuel efficient than the market average and can operate on a variety of power sources such as shore power, hybrid, holdover battery and axle generator. In the Americas region, the enhanced electric architecture on the connected Precedent™ trailer unit leverages shore power and will undergo field trials with customers later this year. These innovations will pave the way for all-electric zero-emission trailer refrigeration units in both regions.
“Our expertise in electrification has positioned Thermo King as a trusted partner to respected industry leaders such as Isuzu, Tesco, Mercedes-Benz and technology companies such as ELMS, Gatik and BPW who continue to find new ways to innovate the cold chain,” said Karin De Bondt, president for Thermo King Americas. “Through these strategic partnerships we are able to further our advancements of sustainable power solutions and electrified product offerings that meet customer, regulatory and environmental requirements in our industry and our world.”
Providing electric solutions for buildings, homes and refrigerated transportation is part of Trane Technologies’ overall approach to reducing carbon emissions in the industries it serves, meeting its Gigaton Challenge for a more sustainable future, and supporting net-zero cities.
*The Thermo King evolve™ portfolio will include fully electric products and hybrid products using an internal combustion engine for an emergency backup power source only.
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.
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.
What is Trane Technologies' recent investment related to?
Trane Technologies is investing over $100 million into its all-electric product portfolio, evolve™, to enhance sustainable refrigeration solutions in the cold chain.
When will the evolve™ portfolio be available in the Americas?
The evolve™ portfolio will be fully available in the Americas by 2025.
What is the goal of Trane Technologies' 2030 Sustainability Commitments?
The 2030 Sustainability Commitments aim to reduce customer greenhouse gas emissions by 1 billion metric tons.
Which regions will benefit from the evolve™ product offerings?
The evolve™ product offerings will be available in North America, Latin America, Europe, the Middle East, and Africa (EMEA).
