Gree, a leading manufacturer of air conditioning equipment, is named the Grand Winner of the "Global Cooling Prize" 2021

Gree Electric Appliances, Inc. of Zhuhai (Gree) a leading global home appliance and air conditioning equipment manufacturer, was named the grand winner of the "Global Cooling Prize" 2021 for its innovative "Zero Carbon Source" cooling technology.

Gree, a leading manufacturer of air conditioning equipment, receives the title of Grand Winner of the "Global Cooling Prize" 2021 (PRNewsfoto / Gree Electric Appliances, Inc)

"Gree is a diversified global technology industrial group that has expanded its activity into the production of household consumer goods and industrial equipment, and insists on continuous innovation and R&D to improve people's lives. The environmentally friendly air conditioners that received the Global Cooling Award will reduce the carbon footprint of existing air conditioners by 80%, "said Ms. Dong Mingzhu, Chairman of the Board and President of Gree Electric Appliances.

The Global Cooling Award was jointly launched in 2018 by the Rocky Mountain Institute, the Government of India and Mission Innovation, which is committed to developing groundbreaking innovative refrigeration technologies with five times (5X) less climate impact than air units. standard conditioning systems currently available on the market (including indirect carbon emissions generated by the electricity grid and direct carbon emissions corresponding to the greenhouse effect of refrigerants), to solve the threat to the climate caused by the increasing demands for equipment of residential air conditioning. 

Gree's innovative "Zero Carbon Source" cooling technology integrates advanced vapor compression refrigeration, direct acting photovoltaic evaporative cooling, ventilation and more, efficiently utilizing renewable energy sources and free cooling sources.

The climate impact of Gree's new design with "Zero Carbon" cooling technology is less than a fifth of the impact of conventional air conditioners. Through innovation and smart design, Gree's green technology is a breakthrough in addressing the energy efficiency limitations of conventional air conditioners.

With rapid population growth and rapid urbanization, it is estimated that by 2050 the global demand for air conditioning equipment will increase from 1.2 billion units in 2016 to 4.5 billion. When green cooling solutions are promoted and applied, 100 billion tons of carbon dioxide equivalent emissions can be avoided and the world will be helped to mitigate more than 0.5 ° C of global warming by 2100, while improving the quality of life of people living in hot and humid climates. 

About Gree

Founded in 1991, Gree is a diversified technological industrial group with a global reach that has expanded its activity towards the production of household consumer goods and industrial equipment under three brands: GREE, KINGHOME and TOSOT.

For more information, visit http://global.gree.com/ .

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