AHRI reinforces $5 billion research pledge at White House event
At a White House Industry Leader Roundtable today, the Air-Conditioning, Heating, and Refrigeration Institute (AHRI) was set to provide a progress report on its 2014 pledge to invest $5 billion in HVACR research over the next 10 years.
During the event, AHRI President and CEO Stephen Yurek reported that the industry spent more than $255 million in 2015 toward a 10-year, $5 billion commitment in research and development and capital expenditures to develop and commercialize low-global warming potential (GWP) technologies. He noted that the $5 billion pledge is in addition to the nearly $2 billion that was spent on such research in the previous five years. The yearly totals are expected to grow as spending moves from research into development and testing of equipment using the new refrigerants.