Carrier Global announces additional $1B investment in U.S. over five years

Carrier Global (CARR) announced plans to invest an additional $1B over five years in U.S. manufacturing, innovation and workforce expansion, incremental to its ongoing commitments to American operations. The investment is expected to create 4,000 highly skilled jobs in R&D, manufacturing and field service. The additional investment will fund the expansion of existing facilities and construction of a new state-of-the-art manufacturing site to support the production of highly engineered components for heat pumps and battery assemblies – both essential to Carrier’s Home Energy Management System. It will also accelerate next-generation R&D, including innovations in liquid cooling for data centers and battery-enabled climate solutions technologies developed under Carrier Energy, the company’s bold, in-house start up focused on optimizing home energy use and supporting grid flexibility. Carrier’s TechVantage initiative, announced in January, is included in both the $1B investment and anticipated 4,000 jobs. The program aims to hire 1,000 U.S. service technicians and train more than 100,000 climate solutions service and sales professionals over the next five years. This effort is focused on developing the skilled workforce needed to support the installation and servicing of high-performance climate solutions systems.