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Your source for breaking news in the heating industry.
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Biomass is the heat of the moment in Germany

With all the unrest in the oil rich regions of the Middle East and North Africa, we have again seen oil prices hit $100/barrel and higher. Our dependency on the black stuff to generate electricity, heat our houses and get us from A to B makes us extremely vulnerable to any increase in price. (more) Read More

Lennox International Reports First Quarter Results

Lennox International Inc. (NYSE: LII) today reported financial results for the first quarter of 2011. Click HERE for the report, and HERE for an analysis. Read More

NJ State Agency Pushes Back Deadline for Cleaner Fuel Oil

The state has decided to extend a deadline requiring oil refineries in New Jersey to reduce the sulfur content in fuel oil, a move sought by the Hess refinery in Port Reading as a way of avoiding millions of dollars in unanticipated expenditures. (more) Read More

A.O. Smith’s Heating Up In China

A.O. Smith (AOS – Snapshot Report) announced in December 2010 that it was selling its electrical products segment to focus more on growing its water heating and water treatment businesses in fast-growing markets, such as China.  (more) Read More

Taco delays expansion ahead of tax changes

A major company headquartered in Rhode Island puts the brakes on expansion as it weighs Governor Chafee's tax plan.  (more) Read More

HUD ANNOUNCES PILOT PROGRAM TO HELP HOMEOWNERS PAY FOR ENERGY IMPROVEMENTS TO THEIR HOMES

New FHA PowerSaver Program to offer low-cost financing to credit-worthy borrowers WASHINGTON – Vice President Joe Biden and U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today announced a new pilot program that will offer credit-worthy borrowers low-cost loans to make energy-saving improvements to their homes. Backed by the Federal Housing Administration (FHA), these new FHA PowerSaver loans will offer homeowners up to $25,000 to make energy-efficient improvements of their choice, including the installation of insulation, duct sealing, doors and windows, HVAC systems, water heaters, solar panels, and geothermal systems.HUD and FHA developed PowerSaver as part of the Recovery Through Retrofit initiative launched in May 2009 by Vice President Biden’s Middle Class Task Force to develop federal actions that would expand green job opportunities in the United States and boost energy savings by improving home energy efficiency. The announcement is part of an 18-month-long interagency effort facilitated by White ... Read More

Laars breaks ground on $2.5 million expansion

ROCHESTER — Laars Heating Systems, located on Industrial Way in the city's Ten Rod Industrial Park, has broken ground on a 12,000-square-foot Customer Center, which is designed to help educate specifiers and installers of hydronic heating systems about Laars products and the latest industry technologies. (more) Read More

Wolseley returns to profit as US housing market steadies

Wolseley, the plumbing and heating equipment supplier, returned to profit in the first half and reinstated its dividend after the home repairs and maintenance market in the US stabilized. (more) Read More

German pump maker Wilo opens plant at KolhapurGerman pump maker Wilo opens plant at Kolhapur

Pune, March 20:  Pump and pumping system manufacturer Wilo SE of Germany has inaugurated a hi-tech manufacturing plant at Kolhapur.Built at an investment of Rs 100 crore, the new facility will manufacture standardised water handling pumps and pumping systems.It will produce the latest range of Wilo products for the domestic market as well as for its subsidiary Mather & Platt Pumps Ltd for the global market. The company expects a turnover of Rs 150 crore a year from the Kolhapur plant, 80 per cent of it coming from domestic sales. (more) Read More

Germany’s Government Seeks EUR 1 Billion Fund for Renewable Energy

BERLIN, March 18 (Reuters) - Germany's government will discuss plans to raise the size of its renewable energy fund to 1 billion euros from a current 300 million, according to a draft paper seen by Reuters on Friday. In its effort to make up a shortfall of nuclear power due to a three month moratorium imposed this week, the government aims to boost renewable power and energy saving. It will focus on off-shore wind energy and making buildings more energy efficient. (more) Read More
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