TVA’s Heat Pump Water Heater Rebates Drive Breakthrough Adoption in 2025 UNITED STATES: The Tennessee Valley Authority’s EnergyRight program delivered a major boost to heat pump water heater adoption in 2025, rebating more than 10,000 units in the fourth quarter alone. After an initial downstream rebate model failed to gain traction, TVA shifted strategy, ultimately adopting a midstream incentive approach in March 2025 that targeted distributors and retailers. The instant USD

Hisense Plans Investment in Pakistan Through Partnership with Air Link Subsidiary PAKISTAN: China’s consumer electronics major Hisense is planning to invest in Pakistan through a strategic partnership with Air Link Communication Limited’s wholly owned subsidiary, Select Technologies Limited. “As part of this partnership, HISENSE has expressed its intention to make a direct investment in the venture in the near future,” Air Link disclosed in a notice to the Pakistan Stock Exch

Champions Group Strengthens Texas Presence with Acquisition of Lex Services UNITED STATES: Champions Group Holdings has acquired Lex Cooling, Heating, Plumbing & Electrical, a leading residential services provider in North Texas, reinforcing its expansion strategy in high-growth US markets. The transaction supports Champions Group’s broader Texas growth plans and commitment to expanding essential home services nationwide. “We're thrilled to welcome the Lex team into the Champ

UK New Warm Homes Plan Expected to Reduce Gas Demand UNITED KINGDOM: The UK government has unveiled its £15bn (USD 20.1bn) Warm Homes Plan, a multi-year programme running to 2030 aimed at cutting gas demand, lowering energy bills and strengthening energy security. The plan includes USD 3.6bn for the Boiler Upgrade Scheme, with annual funding rising from about USD 395mn in 2025-26 to nearly USD 950mn by 2029-30, supporting grants for heat pumps, heat batteries and biomass syst

Copeland to Acquire Bueno Analytics to Strengthen AI-Driven Building Solutions AUSTRALIA: Copeland has signed an agreement to acquire Australia-based Bueno Analytics, a provider of SaaS platforms using embedded AI and machine learning for building analytics, energy management and cold-chain operations. The acquisition will enhance Copeland’s digital and aftermarket portfolio by adding advanced capabilities such as predictive maintenance, energy optimization, leak detection an

AtmosAir and Smartcon Join Forces to Boost Hotel Air Quality and Energy Efficiency U.S.: AtmosAir Solutions and Smartcon Solutions Partner to Transform Hotels with Cleaner Air and Energy Efficiency as the two companies integrate AtmosAir’s bi-polar ionisation (BPI) HVAC air purification technology and Awair real-time monitoring sensors with Smartcon’s NeuroCore building automation platform. The collaboration targets hotels and resorts nationwide, aiming to improve indoor air

North Vancouver–Based Jetson Home Secures USD50 Million to Scale Heat Pump Model in North America Canada: North Vancouver–based Jetson Home has raised USD 50 million to advance its heat pump technology and expand its one-day installation model across Canada and the United States. Founded in 2024, the company says its vertically integrated, direct-to-consumer approach cuts homeowner costs by 30–50%, and it has installed more than 1,000 units across Metro Vancouver, Colorado, M

CONACEPE and SOLARMX Join Forces to Boost Solar Water Heater Adoption in Mexico Mexico: Mexico’s CONACEPE Partners with SOLARMX to Promote Solar Water Heating Nationwide as Mexico’s National Energy and Petrochemical Council (CONACEPE) signed a commercial and environmental partnership with SOLARMX, a Mexican manufacturer of certified solar water heaters, to promote energy efficiency, reduce fossil fuel use and cut emissions across the country. Under the agreement, the two orga

Walton Rolls Out Free Nationwide AC Cleaning Service for Customers Bangladesh: Walton Launches Nationwide Free AC Cleaning Service Campaign as the leading air conditioner brand in Bangladesh rolled out a nationwide initiative to provide free AC cleaning services to customers. The campaign covers all air conditioners purchased from 1 January 2024, while units bought before 2024 are eligible for up to 60% discount on cleaning. Customers can avail the free service once per air c

Noritz and Nihon Itomic Collaborate to Advance Eco-Friendly Heat Pump Water Heaters in North America U.S.: Noritz and Nihon Itomic Partner to Launch CO₂ Heat Pump Water Heaters in North America as the two companies join forces to expand decarbonization and electrification initiatives in the region. Building on their July 2025 collaboration in Japan for a commercial hybrid water heating system, Nihon Itomic will lead product development while Noritz’s RB Corporation in Japan w

UBS Expands Southern U.S. Footprint with Acquisition of DFW Mechanical Group U.S.: United Building Solutions (UBS) Acquires DFW Mechanical to Expand HVAC Services in Southern U.S. as the national HVAC service provider announced the acquisition of DFW Mechanical Group, a full-service commercial and industrial mechanical contractor operating in Texas, Oklahoma, Georgia, and Florida. Headquartered in Wylie, Texas, DFW offers comprehensive commercial HVAC solutions, including plu

Beijer Ref Acquires Majority Stake in Italian A/C Distributor Idema Italy: Beijer Ref has acquired 75 percent of the shares in Idema, an air conditioning distributor based in Italy, with an option to acquire the remaining stake at a later stage. Idema, founded in 1993 and headquartered in northern Italy, distributes air conditioning solutions for residential and industrial applications across the Italian market. The company reports annual turnover of approximately SEK 200 mil

bluu unit Enters Ireland Through Acquisition of Tech Refrigeration and Air Conditioning Germany: Bluu Unit GmbH has expanded its European footprint through the acquisition of Tech Refrigeration and Air Conditioning, an Ireland-based refrigeration and air-conditioning services provider. The transaction strengthens bluu unit’s presence in Ireland, which it identifies as a priority market, and supports its focus on natural refrigerants and data centre solutions. Tech Refrigerati

Meaco Secures Investment to Support European Expansion UK: Meaco has received a multi-million-pound investment from FourLeaf Capital, marking a new phase in the company’s development. The investment follows a period of growth driven by rising demand for air treatment appliances and an expanding international presence. The partnership is intended to support Meaco’s plans to broaden its product portfolio and increase its reach across European markets, while maintaining a focus

Blackstone Becomes Sole Institutional Investor in AIR USA: Funds managed by Blackstone’s private equity strategy for individual investors have acquired the remaining equity stake in Air Control Concepts from Madison Dearborn Partners, completing a buyout of the latter’s interest. The transaction follows Blackstone’s initial investment in the company in July 2024. As part of the deal, AIR’s founder, President and Chief Executive Officer Brad Hobbs and his family will continue

Enters Bathroom Ventilation Market South Korea: LG Electronics has introduced its first bathroom ventilation product, marking its entry into the home bathroom air management segment. The new LG Puricare Bath Air System expands the company’s home air portfolio following the launch of a residential ventilation system with a total heat exchanger. The move comes amid rising demand for indoor air quality solutions, particularly after the COVID-19 pandemic, and introduces additiona

Fabtech Raises Stake in Kelvin Air Conditioning to Majority Ownership India: Fabtech Technologies Cleanrooms Limited has completed the acquisition of an additional 9.20 percent stake in Kelvin Air Conditioning and Ventilation Systems Private Limited, increasing its total shareholding to 60.53 percent. The cash-based transaction, completed on January 19, 2025, was valued at INR 46.5 million (USD 0.56 million; EUR 0.52 million). The acquisition involved the purchase of 1,380 eq

Nordic Climate Group Acquires UK Refrigeration and HVAC Firm Allcool Sweden/UK: Nordic Climate Group has expanded its operations in the United Kingdom through the acquisition of Allcool (NW) Limited, a refrigeration, air-conditioning and service company based in Poulton-le-Fylde near Blackpool. Established in 1977, Allcool serves public and commercial clients, including schools, hospitals, local authorities and commercial buildings. The company employs around 40 people and wi

Italy to supply industrial boilers to heat Ukraine after energy strikes Ukraine: Ukraine is set to receive heating equipment from Italy in the coming days to support regions affected by recent strikes on energy infrastructure, according to Kyrylo Budanov. He stated that the delivery forms part of international assistance aimed at stabilising the country’s energy situation following large-scale attacks. The support follows agreements reached between Ukrainian President Volodym

Mitsubishi Electric Subsidiary Invests in ADTTech for Smarter Factories China: Mitsubishi Electric Corporation announced that its wholly owned subsidiary, Mitsubishi Electric Intelligent Manufacturing Technology (China) Group Co., Ltd., has acquired a stake in ADT Technology Service (Suzhou) Co., Ltd., a software developer based in Suzhou, China. The acquisition follows an existing collaboration agreement between the two companies. The investment is intended to support the pr