July 28, 2014 6:27 AM ET


Company Overview of Carrier Corporation

Company Overview

Carrier Corporation provides heating, air-conditioning, and refrigeration solutions. It offers home comfort systems ranging from furnaces and central air conditioners to heat pumps and ductless systems; a range of air quality solutions, including humidifiers, ventilators, ultraviolet lamps, air filters, and monitors; and solutions for heating, air conditioning, building automation, and energy services for the building lifecycle. The company also provides transport refrigeration equipment, cold chain monitoring solutions, and replacement components for food supply and other perishable cargo; and commercial refrigeration products, such as service counters, refrigerated multidecks and semi-vert...

One Carrier Place

Farmington, CT 06034-4015

United States

Founded in 1915





Key Executives for Carrier Corporation

Chief Financial Officer
Senior Vice President of Operations
Vice President
Age: 62
Chief Sustainability Officer of Utc Building & Industrial Systems
Compensation as of Fiscal Year 2014.

Carrier Corporation Key Developments

Carrier and SolarCity Team to Bring Innovative, Cost-Effective and Efficient Energy Solutions to Homeowners

Carrier Corporation has teamed up with SolarCity to offer a unique solution that can significantly reduce a homeowner's energy costs. Effective immediately, Carrier-trained technicians and comfort consultants will be able to offer SolarCity services to Carrier customers. Those who purchase a new Carrier product and elect to install SolarCity solar panels will receive a $1,000 rebate, while reaping the benefits of leveraging a sustainable energy source to help power their home. Recognizing that a home's heating, ventilation and air conditioning (HVAC) system is one of the larger household consumers of energy, Carrier and SolarCity's new initiative offers a clean, energy-efficient solution that further enhances the benefits of Carrier's already efficient products. As a result of the companies' combined vision, this collaboration will benefit customers of both businesses and also serve as the first step toward providing offerings that can truly optimize home energy performance. Carrier's collaboration with SolarCity is a natural fit as it looks to expand energy efficiency beyond the HVAC system to the whole home.

Carrier Introduces New Aquaedge 19Xr/Xrv Chiller

Carrier announced the introduction of the new AquaEdge 19XR/XRV chiller, which will be released in various sizes throughout 2014. Featuring a two-stage centrifugal chiller with heat pump capability and an initial capacity from 800 up to 2,250 tons, the AquaEdge 19XR/XRV provides environmentally responsible, reliable and quiet operation for a variety of large-scale projects including data centers, large commercial buildings and infrastructure projects. AquaEdge 19XR/XRV, which will expand its offering up to 3,000 tons later this year, delivers numerous benefits from efficient design to streamlined installation. The two-stage centrifugal chiller line complements the existing 19XR/XRV line of single-stage chillers that is available from 200 to 1,500 tons. With a constant-speed full-load rating of 0.53 kW/Ton and integrated part load value down to 0.49 kW/Ton, it provides improved efficiency for larger projects. The unit's compact system footprint also makes it ideal for existing building upgrades. In addition to its efficient design, AquaEdge uses HFC-134a, a non-ozone depleting refrigerant. As part of the product launch, Carrier's established 19- and 23- series Evergreen chillers will adopt the new AquaEdge product family name. Built with proven technology, this addition increases the line's capacity range, while providing a simplified naming structure for streamlined future portfolio expansion. The AquaEdge line rounds out Carrier's new Aqua Series, which includes the smaller-capacity AquaSnap(R) and the medium-capacity AquaForce(R) units. AquaEdge chillers are currently available throughout Asia and will be available for order worldwide in early 2014.

Carrier Plans Joint Venture with Robert Bosch North America Corporation to Strengthen Geothermal and Water-Source Heat Pump Offerings

Carrier signed an agreement with Robert Bosch North America Corporation to form a joint venture to develop and manufacture geothermal and water-source heat pumps for the North American residential and commercial segments. The transaction completion is pending necessary regulatory approvals. The financial terms of the agreement were not disclosed. With sales of geothermal heat pumps expected to nearly triple by 2020, Carrier entered into the agreement to enhance its offerings and service to the growing market. Moving forward, Carrier geothermal and water-source heat pumps will be developed and manufactured at the JV's Florida Heat Pump manufacturing plant in Fort Lauderdale, Fla. Sales channels and the respective brands for each company will remain independent of one another.

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