US industry announces $5 billion refrigerant research plan
The Air-Conditioning, Heating, and Refrigeration Institute (AHRI) president and CEO Stephen Yurek announces that American HVACR industry will invest $5 bn in research and development funds over the next decade for new-generation refrigerants and equipment. The announcement took place at an event, sponsored by the White House Council on Environmental Quality.
“Close to $2 billion has been spent by the industry since 2009 researching energy-efficient equipment and the utilization of low-GWP refrigerants,” Yurek stated, “and over the next 10 years, the HVACR industry will invest an additional $5 billion for R&D and capital expenditures to develop and commercialize low-GWP technologies.”