Carrier has signed a definitive agreement to sell its NORESCO business to OPTERRA Energy Services, a subsidiary of LS Power.
Carrier chair & CEO, David Gitlin, said the sale of NORESCO represents Carrier's continued commitment to portfolio simplification, allowing the company to remain laser-focused on growth and innovation within the core businesses.
“We are confident that with OPTERRA, NORESCO is exceptionally well-positioned to continue delivering energy-efficiency solutions and long-term sustainable value to its customers,” he said.
NORESCO helps customers modernise aging building systems and upgrade energy and water infrastructure.
“We implement innovative energy efficiency, distributed generation, energy storage, and renewable energy solutions that optimise the operational efficiency and improve resilience of buildings,” the company said on its web site.