Latest news with #heating
Reuters
a day ago
- Business
- Reuters
Trane Technologies raises annual profit forecast on resilient demand
July 30 (Reuters) - Trane Technologies (2IS.F), opens new tab raised its full-year profit forecast on Wednesday, after topping second-quarter earnings estimates on the back of strong demand for its heating and air-conditioning systems as well as higher pricing. The Ireland-based company's Americas segment - its largest revenue generator - saw robust industrial and commercial demand, helping its quarterly sales to rise 9% to $4.69 billion from a year ago. The firm, which owns transport refrigeration company Thermo King, in April flagged an annual cost impact estimate of $250 million to $275 million from tariffs. However, Trane had said it would aim to soften the blow with price hikes. The company expects its 2025 adjusted profit to be about $13.05 per share, compared with its prior view of $12.70 to $12.90 per share. Trane Technologies posted a second-quarter profit of $3.88 per share on an adjusted basis, beating analysts' average estimate of $3.79 per share, according to data compiled by LSEG. Its quarterly revenue rose about 8% to $5.75 billion, falling marginally short of the $5.78 billion expected by analysts.
RNZ News
4 days ago
- General
- RNZ News
BBQ gas bottle used to heat home in winter
Taranaki residents are using gas bottles usually used on BBQs for the home energy. File photo. Photo: 123rf Ruth Olliver ordered a 45 kilogram bottle from ELGAS on 10 July, but was still waiting on delivery more than two weeks later. "I've had to hook-up - or my husband has not me because I wouldn't know what I'm doing - just hook-up the little wee BBQ bottle. "But, you know, when I say to them 'I've go no gas' they say 'oh well we can't do anything for you'." The Ōpunake resident had been using gas for heating, hot water and cooking for the past 18 years. "The heater takes quite a bit at this time of year. I go through one a fortnight, a 45kg bottle a fortnight, so I was sort of running out." ELGAS said deliveries to Taranaki had been impacted by illness and recent severe weather. It warned customers not to interfere with the gas cylinders themselves. "We strongly encourage customers to avoid handling 45kg home gas cylinders themselves. "This is best left to our people who are trained in safely connecting and disconnecting these bottles and conduct leak checks when exchanging cylinders." Olliver was not the only ELGAS customer having delivery issues with several commenting on social media. "Yes, it took three and half weeks to get one swapped. Poor service and no follow-up," said one person. Another was in the same boat. "Agreed. I've been waiting three weeks now. Just about need my other one swapped! Useless." One customer had waited almost a month. "Ordered on 30th June... three phone calls [later] finally delivered 24th July." Olliver said communication with ELGAS had been difficult. "Just no response every time I ring they're just like 'we'll send an urgent message' but I've got no reply, no communication back. Nothing." ELGAS eventually offered to supply her an emergency bottle. "They did say to me we can get another bottle and get an urgent truck down to you, but it will cost you $250 for the truck and I said, 'well I'm not paying it'." Olliver's gas usually cost about $150 per cylinder, including delivery. An emergency delivery had also been offered to one of the social media commentators - at a cost. "Waited 21 days then was told I would have to pay emergency fee to get it that day... So I emailed an official complaint... It came that day. "They told me it would cost $250 for emergency fee. I refused." ELGAS said it appreciated its customers' patience as the company worked through these challenges. "We are proactively shifting resources to meet local demand and expect service to return to normal shortly." Olliver had in the meantime swapped to another provider who had delivered fresh gas cylinders on the same day. Sign up for Ngā Pitopito Kōrero], a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
RNZ News
18-07-2025
- General
- RNZ News
What's the cheapest way to heat your home?
The cost of heating your home makes up about a third of what you pay for power each month. Photo: 123RF If you're spending your evenings in front of a heater, you might be keeping a wary eye on your power bill. The cost of heating your home makes up about a third of what you pay for power each month. But what's the cheapest way to do it? Here's an overview of how the various options compare. They can have a high upfront cost, but Energy Efficiency & Conservation Authority lead adviser on energy efficient appliances Gareth Gretton said heat pumps were "by far and away" the most efficient form of heating. Depending on how much you're charged for electricity, it might cost you about 25 cents to 35c an hour to run your heat pump, for every kilowatt hour (kWh) of heat produced. A 6kw heat pump would cost $1.50 if you're paying 25c per kWh. Consumer estimates that a very large heat pump might cost $1000 a year but a small one could be less than $200. But they will deliver much more heat for that cost than a standard electric heater of the same size. "I think most people know now they're really magic at transforming electricity into heat. They take heat from outdoors and effectively put it indoors, they sort of upgrade the heat that exists outdoors, even when it's below 0°C, and turn it into useful, comfortable heat indoors," Gretton said. He said, for every unit of electricity that a heat pump used, it would give three or four units of heat. "There's literally nothing else that can provide that efficiency other than a heat pump." He said New Zealand was unusual in that its houses tended to be relatively badly insulated. "Heat pumps do get a little bit less efficient when you have colder temperatures outside but it's not a huge problem because in New Zealand what we end up doing is quite a lot of heating when it's not cold outside by international standards … say 5°C to 10. Heat pumps are really efficient in that sort of temperature range." Consumer recommends running a heat pump no higher than 21°C and turning the fan up rather than the temperature if you want to heat a room quickly. Healthy Homes standards don't require landlords to install a heat pump in rental properties, although many have. They are only required to provide a fixed, safe and efficient heating source for the main living room. Whether it's better to leave your heat pump on all the time or turn it off when it's not needed is a subject of debate. Some people argue it costs more to warm up a room than if it was kept at temperature all day. But James le Page, who has looked into the issue for Consumer, said turning it off made more sense. "For the few people who have a house that is super airtight - so with no gaps around doors and windows, insulation above building code requirements, double glazing, thermal drapes and a ventilation system - they might be able to leave their heat pump on all day every day," he said. "But for most of us in New Zealand, if we leave it on, we'll be wasting a lot of energy on heat that will continuously leak out, as our heat pump works hard to maintain the set temperature." In general, electric heaters all cost the same to run, for the amount of heat they produce. "Any form of resistance electric heating - what I mean by that is where you pass electricity through a plug-in heater and what it's doing is the device is resisting the flow of electricity - will transform electricity into heat with a ratio of one to one," Gretton said. "There's ultimately no difference in the electricity to heat conversion efficiency of any type of electric resistance heater, they're all the same." But he said they could vary in effectiveness. Radiant heat could be good for a large area or a room with high ceilings, for example. "If you're within the range of the heater, you're kind of feeling that heat and you can be a little bit more comfortable at a slightly lower air temperature. It's a bit like the campfire effect. If you're outside and it's pretty cold but you're near a campfire which is tremendously hot then you feel that heat." Consumer said portable fan heaters were good option in small or occasionally used rooms, such as offices or bedrooms, even though they were relatively expensive to run. "But, with a maximum heat output of 2400W, they don't have the power to tackle anything beyond very small living areas." A 2kW heater running for five hours a day would typically cost about $2.50 a day while a 1200kW radiant heater with three bars could cost $1.50. In general, electric heaters all cost the same to run, for the amount of heat they produce. Photo: 123RF You might use a dehumidifier to take the moisture out of a room, but it could also increase the temperature by a few degrees, which might be sufficient if it's a room you're only going to sleep in. "You can sort of regard a dehumidifier as being a plug-in electric heater with the advantage that it will also make your house drier," Gretton said. "It's a bit of a win-win because all the electricity that goes into your dehumidifier will actually be helping to heat your house. They're a good thing in that sense." A compressor dehumidifier, which is the most common type in New Zealand, costs about 5c an hour to run. Gretton said gas heating was not an effective option. He said people should steer well clear of unflued gas hearers anyway, because they made a house damp and emitted gases such as nitrogen oxide. "There's an absolute mountain of good reasons why unflued gas heaters are a bad idea. With flued gas heaters, there's no direct health impact but you do have a bit of an efficiency loss so you're not going to be getting one unit of heat for every unit of gas you're burning." Gretton said wood burners tended to be less efficient than gas heaters. "It's quite tricky to burn wood both cleanly and efficiently. There's a trade-off between making wood burners efficient and making them clean burning in the sense of lower particulate emissions. "I think a lot of people assume that wood burners are really cost effective to run, but it really depends on how much you're paying for firewood. Now, for those people that do have free firewood, that's obviously pretty hard to compete with in terms of cost to run because it's basically zero other than the amount of time you'll spend cutting and chopping wood. "But if you're buying firewood, then it's not particularly cost effective, although it does vary around the country." He said, at a rough average national rate, it was still usually more expensive than a heat pump. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
CTV News
17-07-2025
- General
- CTV News
N.S. prioritizing lumber in public buildings
Atlantic Watch Nova Scotia plans to use more wood to build and heat public buildings.
National Post
15-07-2025
- Business
- National Post
Watts Water Technologies, Inc. Announces Second Quarter 2025 Earnings Release and Earnings Conference Call
Article content NORTH ANDOVER, Mass. — Watts Water Technologies, Inc. (NYSE: WTS) will hold a live webcast of its conference call to discuss Second Quarter 2025 results on Thursday, August 7, 2025, at 9:00 a.m. Eastern Standard Time. Watts Water Technologies, Inc. will announce its financial results for this period in a press release to be issued after market close on Wednesday, August 6, 2025. Article content This call can be accessed by visiting the Investor Relations section of the Company's website at Following the webcast, an archived version of the call will be available at the same address until August 6, 2026. Article content Article content Watts Water Technologies, Inc., through its family of companies, is a global manufacturer headquartered in the USA that provides one of the broadest plumbing, heating, and water quality product lines in the world. Watts Water companies and brands offer innovative plumbing, heating, and water quality solutions to control the efficiency, safety, and quality of water within commercial, residential, and industrial applications. For more information visit Article content Article content Article content Article content Contacts Article content Article content Article content
