STOCK TITAN

Innovating for Impact: Thermo King(R) and RTR

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

Thermo King EMEA, part of Trane Technologies (TT), has fulfilled its pledge to provide fully electric, zero direct emission refrigeration solutions for every segment of the cold chain. The company partnered with Refrigerated Trailer Rentals Holland (RTR) to deploy the first Advancer-e unit and trial the AxlePower smart-energy generating system for fully electric trailer refrigeration.

Key outcomes include:

  • Reduction of up to 10 metric tons of CO2e per Advancer-e unit per year
  • Significant reduction of noise pollution
  • Annual savings in maintenance and elimination of fuel purchasing

RTR became the first to adopt the Advancer-e unit in March 2023, with their client Dailycool being the first to benefit from the technology. Thermo King has successfully delivered on its 2021 commitment to provide fully electric solutions for every cold chain segment in the EMEA region by 2023.

Loading...
Loading translation...

Positive

  • Successful deployment of Advancer-e unit, reducing CO2e emissions by up to 10 metric tons per year
  • Introduction of AxlePower smart energy-generating technology for emission-free systems
  • Fulfillment of commitment to deliver fully electric solutions for all cold chain segments in EMEA
  • Reduction in noise pollution with nearly silent electric refrigeration units
  • Potential annual savings in maintenance and fuel costs for customers

Negative

  • Additional training and investment required for customers to adopt new electric systems
  • availability of charging stations impacting planning for longer routes
  • Need for customers to invest in recharging infrastructure and consider battery life cycle

News Market Reaction

+1.28%
1 alert
+1.28% News Effect

On the day this news was published, TT gained 1.28%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

NORTHAMPTON, MA / ACCESSWIRE / October 14, 2024 / Trane Technologies
Thermo King EMEA delivers on its pledge to provide customers like RTR Holland fully electric, zero direct emission refrigeration solutions for every segment of the cold chain.

We're innovating for impact by delivering electrified solutions for every segment of the cold chain.

Project At-a-Glance:

The opportunity: Help longtime Thermo King® customer Refrigerated Trailer Rentals Holland (RTR) continue to offer their clients the most efficient and sustainable solutions available in refrigerated transport.

The solution: In partnership with RTR and two of their clients, deploy the first Advancer-eTM unit into their fleet and begin trials of the AxlePower smart-energy generating system for fully electric trailer refrigeration.

Sustainability outcomes:

  • Reduction of up to 10 metric tons of CO2e per Advancer-e unit per year

  • Significant reduction of noise pollution

  • Annual savings in maintenance and elimination of fuel purchasing

When family-owned Refrigerated Trailer Rentals Holland (RTR) wanted to offer its clients the most sustainable, efficient system for refrigerated transport, they immediately looked to the expanding electric portfolio of longtime temperature-control solutions provider Thermo King®.

"Going full-electric and adding new technology that future-proofs our fleet without compromising on cooling capacity and operational efficiency was something we didn't have to think twice about," said Wilbert de Graaff, owner of RTR. "We want to have the best, most efficient and environmentally friendly products, service and support there is in the market, and make it available for our clients."

In March of 2023, RTR became the first company to adopt the new electric Thermo King Advancer-e refrigeration unit in their fleet. As the pilot operators, RTR client Dailycool, a Netherlands-based company specializing in the transport and logistics services of food products, became the first client to benefit from the engineless technology.

"We knew we need to have the new Advancer-e in our fleet the moment Thermo King introduced it," added Wilbert de Graaff, "and this is just a first step in a longer journey for us."

Adapting to electrified systems

With its fully electric architecture, one Advancer-e unit can reduce a trailer fleet's carbon footprint by up to 10 metric tons of CO2e per year.

Adopting the fully electric unit did require some additional training and investment for RTR and Dailycool. Maintenance of the new battery-powered system is different than the traditional diesel-burning engine.

The availability of charging stations impacts planning for longer routes. And operators must also invest in the necessary infrastructure for recharging on site and consider the full life of the battery, including eventual disposal.

But from an operational standpoint, the only noticeable difference reported by Dailycool drivers was the whisper quiet operations. With an electric refrigeration unit, the system is nearly silent even when fully operational.

A growing portfolio of electrified solutions

Beyond the Advancer-e units, RTR has also deployed trailers using Thermo King's AxlePower smart energy-generating technology, the next step in emission-free systems which can also help reduce re-charging needs.

These industry-leading solutions are part of a broader sustainability strategy. In August 2021, guided by Trane Technologies' bold 2030 Sustainability Commitments, Thermo King pledged to deliver fully electric, zero direct emission refrigeration solutions for every segment of the cold chain in the Europe, Middle East and Africa (EMEA) region by 2023.

With a comprehensive portfolio that includes all-electric E-series refrigeration unit for light commercial vehicles as well as advanced, all-electric transport refrigeration technology for heavy goods vehicles, Thermo King has successfully delivered on its commitment made back in November of 2023.

"As we continue leveraging the power of innovation to transform our industry, I am thrilled to announce this significant milestone in our journey toward a more sustainable world," said Claudio Zanframundo, president, Thermo King EMEA. "Our ability to deliver an all-electric, zero direct emissions solution in every segment of the EMEA cold chain represents another important step in our unwavering commitment to cutting our customers' carbon footprints while reducing global food loss."

Discover more about our sustainable innovation in our 2023 ESG Report.

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 CO2e reduction potential of Thermo King's Advancer-e unit for TT?

The Advancer-e unit from Thermo King, a Trane Technologies (TT) company, can reduce a trailer fleet's carbon footprint by up to 10 metric tons of CO2e per year per unit.

When did RTR adopt the first Thermo King Advancer-e refrigeration unit for TT?

RTR (Refrigerated Trailer Rentals Holland) became the first company to adopt the new electric Thermo King Advancer-e refrigeration unit in their fleet in March 2023.

What commitment did Thermo King EMEA make regarding electric solutions for TT in 2021?

In August 2021, Thermo King EMEA pledged to deliver fully electric, zero direct emission refrigeration solutions for every segment of the cold chain in the Europe, Middle East and Africa (EMEA) region by 2023, which they have successfully achieved.

What are the main benefits of Thermo King's electric refrigeration units for TT customers?

The main benefits include reduction of CO2e emissions, significant reduction of noise pollution, and potential annual savings in maintenance and fuel costs.
Trane Technologies Plc

NYSE:TT

TT Rankings

TT Latest News

TT Latest SEC Filings

TT Stock Data

85.89B
221.15M
0.25%
90.88%
1.32%
Building Products & Equipment
Auto Controls for Regulating Residential & Comml Environments
Link
Ireland
CO. DUBLIN