Trane acquires CALMAC Corporation
Trane has acquired CALMAC Corporation, a privately held company specializing in cool energy technologies including IceBank® storage tanks. The value of the acquisition was not disclosed.
CALMAC ice storage tanks are integrated with Trane commercial HVAC systems in an effort to take pressure off of the energy grid. The ice storage tanks store energy, similar to a battery, and use that energy to cool commercial buildings during times when the cost of energy is high. According to officials, this reduces the strain on public utilities, reduces operating costs for building owners, and allows for better use of renewable forms of energy.
“We are pleased to incorporate CALMAC solutions into our leading portfolio of energy efficient systems and services,” said Donny Simmons, president of the commercial HVAC business of Ingersoll Rand. “With CALMAC, we are well positioned to offer customers even greater choices for reducing energy and operating costs and capitalizing on the multi-billion energy services market opportunity.”
“CALMAC is pleased to be part of Trane,” said Mark MacCracken, chief executive officer of CALMAC. “We know that with the support and investments from Trane and its parent, Ingersoll Rand, CALMAC can expand the availability and distribution of our products, serving new and existing customers with the energy storage and ice solutions they demand.”