Carrier Announces Additional $1 Billion Investment in U.S. Manufacturing Footprint, Advanced Cutting-Edge R&D and Workforce Expansion

Rhea-AI Summary

Carrier Global Corporation (NYSE: CARR) has announced a significant $1 billion investment over five years in U.S. manufacturing, innovation, and workforce expansion. The investment will create 4,000 new highly skilled jobs across R&D, manufacturing, and field service sectors. The company plans to expand existing facilities and construct a new state-of-the-art manufacturing site for heat pump components and battery assemblies for their Home Energy Management System (HEMS).

The investment includes the TechVantage initiative, which aims to hire 1,000 U.S. service technicians and train over 100,000 climate solutions professionals. Carrier, the largest U.S.-headquartered company in its industry, has grown its U.S. workforce by approximately 20% over the past five years.

Positive

• Major $1 billion investment strengthens U.S. manufacturing capabilities
• Creation of 4,000 new highly skilled jobs across multiple sectors
• Expansion includes new state-of-the-art manufacturing facility
• Training program for over 100,000 climate solutions professionals
• 20% growth in U.S. workforce over the past five years shows consistent expansion

Negative

• None.

Insights

Investment Strategist

Carrier's $1B investment strengthens U.S. manufacturing position, creates 4,000 jobs, and advances climate technology innovation with strong growth potential.

Carrier's announced $1 billion additional investment in U.S. operations represents a significant capital commitment that strengthens their competitive positioning in high-growth markets. This five-year investment plan targets three strategic areas: expanding manufacturing capabilities, constructing a new state-of-the-art facility, and accelerating R&D initiatives - particularly in heat pumps, home energy management, and data center cooling solutions.

The creation of 4,000 highly skilled jobs across R&D, manufacturing, and field service functions signals confidence in sustained long-term demand. Particularly noteworthy is the investment in components for heat pumps and battery assemblies for their Home Energy Management System (HEMS), positioning Carrier at the intersection of climate control and energy efficiency - two sectors with substantial tailwinds.

The TechVantage initiative targeting 1,000 service technicians and training for 100,000 professionals addresses a critical industry bottleneck - the shortage of qualified installation and service personnel for advanced climate systems. This workforce development strategy creates a competitive moat while potentially accelerating adoption rates for Carrier's newer technologies.

The 20% growth in U.S. workforce over the past five years demonstrates consistent execution of their domestic manufacturing strategy. This latest investment indicates management's confidence in future market opportunities, particularly in energy-efficient solutions and grid-supporting technologies through their Carrier Energy startup.

The focus on liquid cooling for data centers is particularly strategic given the exponential growth in computing power requirements and the critical need for more efficient cooling solutions in AI infrastructure development. By positioning themselves at this intersection of energy efficiency and computing infrastructure, Carrier is expanding their addressable market beyond traditional HVAC applications.

Manufacturing Operations Expert

Carrier's billion-dollar manufacturing expansion boosts operational capacity while addressing skilled labor constraints through strategic workforce development.

Carrier's $1 billion investment significantly expands their U.S. manufacturing footprint with a dual focus on capacity and capability enhancement. The construction of a new state-of-the-art manufacturing facility dedicated to heat pump components and battery assemblies indicates a shift toward vertical integration of critical supply chain elements for their energy management solutions. This approach typically reduces dependency on external suppliers while improving quality control and production flexibility.

The company's decision to invest in highly engineered components manufacturing, rather than just assembly operations, suggests a strategy to develop specialized manufacturing expertise that's difficult to replicate. The focus on battery assemblies and heat pump components requires precision manufacturing capabilities and specialized testing facilities that create significant barriers to entry.

The TechVantage initiative directly addresses one of the biggest operational challenges in the HVAC industry - the shortage of qualified service technicians. By investing in training 100,000 professionals, Carrier is effectively expanding the available talent pool for the entire industry while potentially securing preferential access to this workforce. This addresses a critical bottleneck in the deployment and maintenance of advanced climate systems.

The 20% growth in U.S. workforce over five years demonstrates Carrier's ability to scale operations efficiently. This gradual but consistent expansion suggests disciplined operational planning rather than reactive hiring, which typically leads to better productivity outcomes and lower training costs.

The emphasis on their in-house startup, Carrier Energy, signals a manufacturing strategy that incorporates innovation at the operational level - creating production capabilities for emerging technologies rather than retrofitting existing systems. This forward-looking approach to manufacturing investment often yields better long-term operational efficiency.

Investment creates 4,000 jobs and new state-of-the-art facility

PALM BEACH GARDENS, Fla., May 13, 2025 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today announced plans to invest an additional $1 billion over five years in U.S. manufacturing, innovation and workforce expansion, incremental to its ongoing commitments to American operations. The investment is expected to create 4,000 highly skilled jobs in R&D, manufacturing and field service.

"This investment marks the next chapter in our commitment to U.S. manufacturing," said David Gitlin, Chairman and CEO, Carrier. "We are building for the future by creating high-quality, skilled trade careers and empowering American workers to lead the next generation of manufacturing. At the same time, it positions Carrier to capture the tremendous growth ahead in our industry and deliver smart, differentiated solutions for our customers."

The additional investment will fund the expansion of existing facilities and construction of a new state-of-the-art manufacturing site to support the production of highly engineered components for heat pumps and battery assemblies — both essential to Carrier's Home Energy Management System (HEMS). It will also accelerate next-generation R&D, including innovations in liquid cooling for data centers and battery-enabled climate solutions technologies developed under Carrier Energy, the company's bold, in-house start up focused on optimizing home energy use and supporting grid flexibility.

Carrier's TechVantage initiative, announced in January, is included in both the $1 billion investment and anticipated 4,000 jobs. The program aims to hire 1,000 U.S. service technicians and train more than 100,000 climate solutions service and sales professionals over the next five years. This effort is focused on developing the skilled workforce needed to support the installation and servicing of high-performance climate solutions systems.

Based in Palm Beach Gardens, Florida, Carrier is the largest U.S.-headquartered company in its industry and continues to invest in its American operations to strengthen manufacturing capabilities and drive long-term growth. Over the past five years, the company has grown its U.S. workforce by approximately 20 percent, reinforcing its long-standing commitment to American manufacturing, innovation and economic growth.

About Carrier
Carrier Global Corporation, global leader in intelligent climate and energy solutions, is committed to creating solutions that matter for people and our planet for generations to come. From the beginning, we've led in inventing new technologies and entirely new industries. Today, we continue to lead because we have a world-class, diverse workforce that puts the customer at the center of everything we do. For more information, visit corporate.carrier.com or follow Carrier on social media at @Carrier.

CARR-IR

Contact:	Media Inquiries
	Rob Six
	561-281-2362
	Robert.Six@Carrier.com
	Investor Relations
	Michael Rednor
	561-365-2020
	InvestorRelations@carrier.com

 

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SOURCE Carrier Global Corporation

FAQ

What is Carrier's (CARR) new $1 billion investment plan for 2025?

Carrier announced a $1 billion investment over five years in U.S. manufacturing, innovation, and workforce expansion, creating 4,000 new jobs in R&D, manufacturing, and field service sectors.

How many jobs will Carrier (CARR) create with its new investment?

Carrier's investment will create 4,000 new highly skilled jobs across R&D, manufacturing, and field service sectors, including 1,000 U.S. service technicians.

What is Carrier's TechVantage initiative announced in 2025?

TechVantage is a program to hire 1,000 U.S. service technicians and train over 100,000 climate solutions service and sales professionals over five years.

How has Carrier's U.S. workforce grown in recent years?

Carrier has grown its U.S. workforce by approximately 20% over the past five years, demonstrating consistent expansion in American operations.

What will Carrier's new manufacturing facility produce?

The new state-of-the-art manufacturing facility will produce highly engineered components for heat pumps and battery assemblies for Carrier's Home Energy Management System (HEMS).