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Andrew Aitchison | In Pictures | Getty ImagesIn case you haven't noticed, heat pumps are hot. But there are other reasons why heat pumps are fast becoming popular with homeowners. All of this is transforming Carrier Global , the nearly 100-year-old manufacturer whose founder, Willis Carrier, invented air conditioning. Heat pumps have a history dating back to 1850s The thermodynamic science behind heat pumps was developed in the 1850s, when the first ones were invented, and they've been used in homes since the 1960s. Heat pumps use electricity to transfer heat from a cool space to a warm space, making the cool space cooler and the warm space warmer.
Persons: CARR, Andrew Aitchison, Willis Carrier, David Gitlin, Carrier, Hakan Yilmaz, Yilmaz, they've, Michael Kretschmer, Sebastian Kowalski, Kretschmer, Tobie Stanger, Dave Lis, Viessmann, Milena Oliveira, Oliveira, Mark Prodan, Prodan, There's Organizations: Carrier Global, United Technologies, Solutions, East Trade Policy, Getty, International Energy Agency ., U.S . Climate Alliance, Consumer, Energy Efficiency, Carrier, M, Energy Star Locations: Gardens , Florida, Saxony, Leipzig, America, U.S, Maine, Michigan, Indian, Connecticut, New York State
Carrier CEO David Gitlin: We're seeing more business going to data centers than to commercial office buildingsDavid Gitlin, Carrier Global Corporation chairman and CEO, joins 'Mad Money' host Jim Cramer to talk quarterly results, its annual growth, sustainability and more.
Persons: David Gitlin, Jim Cramer Organizations: Carrier Global Corporation
Carrier CEO David Gitlin goes one-on-one with Jim Cramer
  + stars: | 2023-09-26 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
Carrier CEO David Gitlin goes one-on-one with Jim CramerCarrier CEO David Gitlin joins 'Mad Money' host Jim Cramer to talk recent acquisitions, government incentives, the EV transition and more.
Persons: David Gitlin, Jim Cramer
But Mahaffy's research found that it is not necessarily because companies have leaned away from socially conscious strategies. Instead, she pointed a growing use of the term "sustainability," as well as other words like "climate" or "decarbonization" that fall under the ESG umbrella. It comes at a time when ESG has become increasingly fraught in the political sphere. Mahaffry noted that areas like the U.S. where ESG has received the most scrutiny have seen the biggest drops in use of the term on earnings calls. On WestRock's earnings call earlier this month, Sewell told listeners: "This is just one example of many of how WestRock's unique capabilities position us for growth."
Persons: , Sara Mahaffy, ESG, it's, Williams, Alan Armstrong, Peter Vanacker, David Gitlin, Marvin Ellison, Joseph Dominguez, Dominguez, Robert Venkat Pragada, Whitney, REI, Satya Nadella, David Sewell, Sewell, Michael Bloom Organizations: RBC Capital, LyondellBasell Industries, Carrier, Constellation Energy, Engineering, Jacobs Solutions, Pratt, Microsoft, Sustainability, Costco Locations: U.S, ESG
The critical importance of heat pumps to the German economy was underscored this week when the sale of a family-owned maker of the heating machines to a U.S. company prompted a review by the government in Berlin. Carrier Global Corp. said Tuesday that it had agreed to pay 12 billion euros, or about $13.3 billion, to acquire a unit of Viessmann Group, based north of Frankfurt, that produces heat pumps. The cash-and-stock deal would allow Carrier to expand in Europe and capitalize on the green energy transition underway on the continent, the company said. It also comes days after Berlin announced a ban on new furnaces fired by fossil fuels, starting next year. “Climate change, sustainability requirements and geopolitical factors are driving an unprecedented energy transition in Europe,” David Gitlin, chief executive of Carrier, said in announcing the deal.
New York CNN Business —Carrier CEO David Gitlin has noticed a shift in the jobs market in recent months as the Federal Reserve slams the brakes on the economy and recession fears mount. “It’s become easier to recruit and retain talent than a year ago,” Gitlin told CNN on Friday by phone after meeting with President Joe Biden and other business leaders at the White House. That would mark a shift from the recent worker shortage that hit manufacturers like Carrier and most other businesses. Gitlin, whose company makes air conditioning, heating and refrigeration systems, said the jobs market remains pretty hot historically. Carrier said the energy-efficiency push will help the fight against climate change, while simultaneously boosting companies like his.
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