Fabtech Technologies Cleanrooms Approves Advantek Acquisition, USD 0.79 Million Preferential Issue, and Reports Strong Order Book India: Fabtech Technologies Cleanrooms Limited approved the acquisition of 38,673 additional equity shares in Advantek Air Systems Private Limited for USD 0.30 million, to be completed by March 15, 2026, strengthening its air-conditioning portfolio; Advantek reported FY 2024-25 turnover of USD 3.08 million, up from USD 2.64 million and USD 2.62 mil

Australia Reduces HFC Import Quota by 19% from January 2026, Accelerating Phase-Down to 85% by 2036 Australia: As of 1 January 2026, Australia reduced its HFC import quota by 19%, setting the 2026–27 limit at 4.25 million tonnes CO₂-equivalent, nearly 50% below the original baseline, with the phasedown scheduled to reach an 85% reduction by 2036. The second half of 2025 saw a decisive shift away from certain high global warming potential (GWP) refrigerants, though current dem

LG Electronics to Begin Exports of Premium Home Appliances to US and Europe from India India: LG Electronics will start exporting premium home appliances from India to the US and Europe, leveraging bilateral trade agreements and reduced US tariffs, with products including side-by-side and large-capacity top freezer refrigerators manufactured at its Pune plant. The company aims to double export contribution to 14% of total sales next fiscal, expanding beyond its current entry-

Rheem and ecobee Launch ecobee Smart Thermostat Lite | Works with EcoNet Technology Across U.S. and Canada U.S./Canada: Rheem Manufacturing Company and ecobee have partnered to introduce the ecobee Smart Thermostat Lite | Works with EcoNet Technology, designed to deliver energy savings, seamless compatibility and enhanced convenience for homeowners and contractors across the U.S. and Canada. The ENERGY STAR-certified thermostat can help homeowners save up to 23% annually on h

Hassan Allam Launches USD 880 Million Noor Khuzam Residential Project in North Riyadh Saudi Arabia: Egypt’s Hassan Allam Holding has announced the launch of the USD 880 million Noor Khuzam integrated residential project in North Riyadh, spanning 228,000 square metres. The 3,018-unit development will be undertaken by its subsidiary Grova Developments in partnership with Tilal Real Estate and National Housing Company (NHC). The project features open green spaces, shared dining

U.S. Heat Pump Shipments dipped in 2025, Still Outperformed Gas Furnaces UNITED STATES: US heat pump shipments declined in 2025 but still exceeded gas furnace shipments for the fourth consecutive year, reinforcing their position as the country’s most-shipped heating appliance. Data from the Air-Conditioning, Heating, and Refrigeration Institute shows air-source heat pump shipments were 12% higher than fossil gas–fired furnaces, despite year-on-year softness. Heat pump shipmen

Panasonic to Present CO₂-Based Retail Cooling and nanoe™ X at EuroShop GERMANY: Panasonic Heating & Cooling Solutions will showcase its sustainable retail refrigeration and indoor air quality technologies at EuroShop, Hall 6, stand E62. The company will focus on CO₂-based condensing units designed for food stores, supermarkets, and smaller retail formats, alongside its nanoe™ X air purification technology for improved indoor climate. The exhibit will feature CR-series CO₂ con

LG Electronics India Q3 FY26 Revenue and Profit Decline Amid Margin Contraction INDIA: LG Electronics India reported a weaker financial performance in Q3 FY26, reflecting a slowdown in both revenue and profitability amid subdued demand conditions in the domestic consumer durables market. Revenue declined 6.4% year-on-year to ₹4,114 crore (USD 496 million). The home appliances segment was particularly impacted, with revenue easing to ₹2,788 crore (USD 336 million) from ₹3,091

UNEP and ASHRAE Adopt New Lifecycle Refrigerant Management Plan UNITED STATES: UNEP and ASHRAE have adopted a new two-year work plan on Life Cycle Refrigerant Management (LRM), strengthening their long-standing collaboration supporting the global transition to sustainable refrigerants. The plan was adopted at the ASHRAE Winter Conference in Nevada, USA, and will guide joint projects covering refrigerants from production to end-of-life. Key initiatives include new training too

Xiaomi Sets Sights on Australia’s US$3.7bn Air-Conditioning Market AUSTRALIA: Xiaomi is preparing a major push into Australia’s home appliance sector, targeting the fast-growing air-conditioning market valued at about US$3.7 billion in 2025. Backed by multi-million-dollar investments in its own manufacturing facilities, the company is shifting from an outsourced production model toward greater in-house control, with plans to internalise around 20% of air-conditioner manufactu

Crompton Greaves Consumer Electricals Ltd. Reports Q3 FY26 Results INDIA: Crompton Greaves Consumer Electricals Ltd. reported stable financial performance in Q3 FY26. Consolidated revenue increased 7.3% year-on-year to approximately USD 2.29 billion (₹1,898 crore), with continued sequential improvement in revenues and margins. EBITDA rose to around USD 235 million (₹195 crore), with margins at 10.3%, supported by controlled advertising spends and cost optimisation, despite co

Duravit AG Receives Gold Medal Recognition from EcoVadis GERMANY: Duravit AG has secured a Gold Medal in the EcoVadis sustainability assessment for its Hornberg site, upgrading from Silver. EcoVadis is a globally recognised framework that evaluates companies across environment, labour and human rights, ethics, and sustainable procurement. The achievement reflects Duravit’s strengthened sustainability performance and ongoing efforts to reduce carbon emissions across all scopes

EU Plans EUR 3 billion Loan Facility to Support Heat Pump Uptake Before 2028 Carbon Pricing EU: The European Investment Bank is set to provide EUR 3 billion (USD 3.3 billion) in loans to EU member states to help households adopt heat pumps and improve home energy efficiency before the EU’s new carbon pricing system for buildings comes into effect in 2028. The measure is intended to support low- and middle-income households ahead of expected increases in gas heating costs once

Australia Extends Apprenticeship Support for Refrigeration and Air Conditioning Trades Australia: The Australian government has extended financial support for employers and apprentices in priority and clean energy occupations, including refrigeration and air conditioning, under the Key Apprenticeship Program. The updated measures will continue incentive payments through December 2026, with the programme supporting New Energy Apprenticeships and targeting workforce development

Tajikistan Links Tariff Increases to Energy Sector Deficit and Rising Costs Tajikistan: Tajikistan’s Anti-Monopoly Agency has said the recent increase in electricity and heating tariffs is intended to address a financial deficit in the energy sector, meet obligations to credit institutions, and respond to higher production costs. Speaking at a news conference on 6 February, the agency’s head Haidarali Rajabzoda said the changes were also linked to higher fuel and spare parts

Maritime Geothermal Secures ACOA Funding for Heat Pump Production Expansion Canada: Maritime Geothermal Ltd. has received CAD 1.64 million (USD 1.21 million/EUR 1.12 million) in funding from the Atlantic Canada Opportunities Agency (ACOA) to support the expansion of its heat pump manufacturing operations in Petitcodiac, New Brunswick. The company said the investment will be used to scale production capacity and improve manufacturing processes for its geothermal and air-source

German Utilities Call for Heat Pump Subsidy Limits in District Heating Areas Germany: Germany’s municipal utilities have called for heat pump subsidies to be withdrawn for homes located in areas planned for future district heating connections. The utilities’ association VKU said that subsidising both district heating networks and individual heat pumps in the same areas could undermine investment planning for heating infrastructure. Under current requirements, cities with more

EIB Backs SME Energy Efficiency Financing Platform with Solas Capital Europe: The European Investment Bank (EIB) has committed EUR 60 million (USD 65.0 million) to support the launch of a co-financing platform managed by Solas Capital, aimed at funding energy-efficiency projects for small and medium-sized enterprises across Europe. The investment will be made through Solas Sustainable Energy Fund II and is intended to support measures such as LED lighting, insulation, heat pu

Flanders and Netherlands Launch Heat Pump Partnerships Belgium/Netherlands: The Flanders region of Belgium and the Netherlands have introduced new industry partnerships aimed at accelerating heat pump adoption, with Flanders focusing on home renovations and the Netherlands targeting social housing. In Flanders, government and industry associations have signed a Heat Pump Charter to increase the share of renovation projects using heat pumps, after data showed that while around

SM Group and Samsung C&T Partner on Smart Home Services South Korea: SM Group’s construction division has signed a memorandum of understanding with Samsung C&T’s construction division to collaborate on smart residential services and related technology development. The agreement was signed in Seoul and will support the rollout of Samsung C&T’s home platform, Homeniq, in selected new residential projects developed by SM Group. Under the partnership, Homeniq services will be int