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EOS Climate, a provider of complete life cycle management of refrigerants, has launched its Refrigerant Asset System (RAS), a cross-sector business model that focuses on refrigerants -- potent greenhouse gases and significant contributors to global climate change when released to the atmosphere -- as assets.
The Refrigerant Asset System allows businesses to manage refrigerants by investing in their conservation and maintenance, and monetizing them when they have reached the end of their useful life. Major U.S. retailers such as Whole Foods Market and refrigeration service contractors are currently deploying the new platform on a pilot basis, with official launch of the Refrigerant Asset System (RAS) this week.
"Refrigerants have long been viewed as a compliance and financial burden for business,” said EOS Climate CEO Matt Jones. “Our new system is a fundamental shift in approach, treating the hundreds of millions of dollars that businesses like supermarkets have tied up in refrigerants as a valuable commodity. And, because businesses protect assets and don't allow them to vanish into thin air, the environment benefits as well. It really is a win-win for everyone."
The Refrigerant Asset System (RAS) provides refrigerant intensive industries, such as supermarkets, hotels and manufacturers of refrigeration and HVAC equipment with multiple asset optimization paths for their refrigerants. The system deploys integrated technology across the refrigerant value chain to track every pound of refrigerant from the point of purchase to the end of life. The real-time transparency into refrigerant movement delivers information seamlessly for compliance reporting and advanced sustainability metrics, and enables refrigerant owners to capture value from their assets
San Francisco-based EOS Climate applies market-based principles at the intersection of refrigerants and climate to drive positive economic and environmental outcomes on a global scale.