Welcome to our dedicated page for Trane Technologies Plc news (Ticker: TT), a resource for investors and traders seeking the latest updates and insights on Trane Technologies Plc stock.
Trane Technologies plc (TT) delivers innovative climate solutions through its HVAC systems and transport refrigeration technologies. This news hub provides investors and industry professionals with essential updates on corporate developments, financial performance, and sustainability initiatives.
Access real-time announcements including earnings reports, product innovations, and strategic partnerships. Our curated collection ensures you stay informed about regulatory developments and market trends impacting the HVAC and refrigeration sectors.
Key updates cover operational milestones, environmental initiatives, and leadership changes. Bookmark this page for streamlined access to Trane Technologies' official communications and third-party analyses of its market position.
Trane Technologies (NYSE: TT) has released its latest ESG report, highlighting substantial progress in sustainability and financial performance. Key achievements include reducing 157 million metric tons of customer carbon emissions and a 44% reduction in operational emissions since 2019.
The company also reported over 20% adjusted EPS growth for the third consecutive year. Notable advancements include achieving 68% renewable energy use, a 33% reduction in total water usage, and gender parity on the Board of Directors.
Trane Technologies continues to invest in sustainable innovation and culture as part of its 2030 Sustainability Commitments and 2050 net-zero goals. The company has been recognized with several prominent awards for its sustainability efforts.
Range Energy and Thermo King have collaborated to advance the commercial adoption of electric refrigerated trailers in the Americas. The partnership aims to integrate Range's electric trailer platform with Thermo King's refrigeration units to provide cleaner, safer, and more efficient solutions for the trucking industry. Through extensive testing, customer pilots, and public demonstrations, the companies are working towards accelerating the electrification of commercial trucking to meet emissions reduction goals and mandates.
Acepodia (6976:TT) released preliminary data from its Phase 1 clinical trial of ACE1831, an anti-CD20 antibody conjugated allogeneic gamma delta T cell therapy for non-Hodgkin's lymphoma. Initial results show a complete response and disease stabilization at the lowest dose level, with no serious adverse events observed. The therapy activates both innate and adaptive immune responses, potentially offering a more comprehensive immune response than standard CAR-T cell therapies.
Trane Technologies partners with the U.S. Department of Energy to advance building decarbonization through the Commercial Building Heat Pump Technology Challenge. They aim to develop cost-effective, low-emission heat pump rooftop units to reduce carbon emissions and energy costs by up to 50% compared to conventional units. The initiative focuses on creating prototypes, testing product performance, and conducting field trials to meet energy efficiency and decarbonization goals. Trane Technologies' participation highlights their commitment to sustainability and innovation in addressing climate change.
Trane Technologies (NYSE: TT) will participate in a fireside chat at the Bank of America Transportation, Airlines, and Industrials Conference on May 15, 2024, at 10:20 a.m. ET. The webcast will be available on the company's website with an archive for 30 days.
Trane Technologies reported strong first-quarter results, with revenues of $4.2 billion, up 15%, and adjusted EPS up 38%. The company raised its 2024 revenue and EPS guidance, showcasing a leading growth profile among industrials.
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