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Tag: cooling as a service
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Sojitz Corporation acquires Ellis Air
Sojitz Corporation has announced it will acquire Australian air conditioning and mechanical services company Ellis Air Group. Sojitz is a Japanese company working across a wide range of sectors including infrastructure, automotive, transportation, and consumer industries. It describes the acquisition of Ellis Air as a step into the energy conservation market in Australia. It is […]
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Local company launches new HVAC servitisation model
Australian company SmartConsult is aiming to change the ownership model for the heating and cooling industry with the launch of cooling and heating as a service (CHAAS). Under the CHAAS scheme, customers are charged based on the heating and cooling units that an energy centre (heating and AC plant) produces on a monthly basis. SmartConsult […]
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CaaS Incubator announces pilot projects
Five companies were selected into the CaaS Incubator program, an initiative that seeks to promote the concept of cooling as a service (CaaS). The CaaS initiative aims to decrease energy consumption and greenhouse gas emissions (GHG) from cooling use through a pay-per-service model for more efficient cooling systems. The winning projects offer highly efficient air […]
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Cooling as a service pegged as ‘top idea’ of 2019
The Global Innovation Lab for Climate Finance has selected cooling as a service (CaaS) as one of the top six green investment ideas for 2019. CaaS involves end-users paying for the cooling they receive, rather than the physical product or infrastructure that delivers it. A technology provider installs and maintains the cooling equipment and recovers […]