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Climate Control Group

Full company profile

uuid00088jk

Namestring
Climate Control Group
Legal namestring
Climate Control Group, Inc.
Websiteurl
ccgi-hvac.com
Company typeenum
Private
Founded yearint
1948
Descriptiontext

Climate Control Group, Inc. is a privately held HVAC equipment manufacturer headquartered in Oklahoma City, Oklahoma, operating as a wholly-owned subsidiary of Sweden's NIBE Group. The group is organized into six operating subsidiaries — ClimateMaster (geothermal and water-source heat pumps), International Environmental Corporation / IEC (fan coils, founded 1948), ClimateCraft (custom air handling units), ClimaCool (modular chillers and packaged rooftops), ThermaClime Technologies (heat pumps, fan coils, air handlers), and KOAX (coaxial heat exchangers) — collectively serving healthcare, education, hospitality, and residential end markets through a B2B channel of HVAC contractors and engineering specifiers.

The product portfolio spans geothermal and water-source heat pumps (marketed under Tranquility and Trilogy 45 Q-Mode lines), hydronic and modular fan coils, custom air handlers from 2,000–200,000 CFM, modular chillers, DOAS systems, packaged rooftops, and component-level heat exchangers. Differentiated technology platforms include iGate 2 (a smart thermostat with remote diagnostics and contractor commissioning), vFlow (variable-flow geothermal control), and SureFlow (a 2-pipe hydronic alternative to 4-pipe systems). Several product lines — Trilogy 45 Q-Mode and Tranquility Digital Split Series — were designated Most Efficient ENERGY STAR-certified in 2017. CCG sells primarily to engineers and contractors who specify and install equipment into commercial buildings, multi-family residential, and custom residential projects; direct-to-end-consumer sales are not part of the model.

CCG generates revenue through hardware sales of engineered HVAC equipment, with pricing conducted on a quote basis tied to application requirements and configuration. The company maintains dedicated enterprise sales and engineering teams at each subsidiary, participates in major industry trade shows (notably AHR Expo, with confirmed presence in 2018, 2023, 2025, and 2026), and distributes through certified HVAC contractor networks. Revenue is not publicly disclosed, and the company does not pursue venture or public equity financing as a subsidiary of NIBE Group.

Short descriptiontext

Climate Control Group is a private Oklahoma City-based HVAC manufacturer and NIBE Group subsidiary, operating six brands that produce geothermal heat pumps, water-source heat pumps, fan coils, custom air handlers, modular chillers, and heat exchangers for healthcare, education, hospitality, and residential markets via HVAC contractors and engineering specifiers.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersOklahoma City, United States
HQ citystring
Oklahoma City
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
HVAC manufacturing equipment, geothermal heat pumps, commercial air handlers, modular chillers cooling, hydronic fan coils
Industry4 codes
1HVAC Equipment (Heating, Cooling & Air Handling)
CodeIMAHAKABPrimaryYes
2Chillers & Cooling Plant Equipment
CodeIMAHAKAEPrimaryNo
3Heat Exchangers, Coils & Hydronic HVAC Components
CodeIMADANAFPrimaryNo
4HVAC Controls & Optimization (Smart Thermostats, VAV, Chillers/Boilers Controls)
CodeBPABAGABPrimaryNo
NAICS code3 codes
  • Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing333415
  • Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use334512
  • Industrial and Commercial Fan and Blower and Air Purification Equipment Manufacturing333413
SIC code3 codes
  • Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip3585
  • Auto Controls For Regulating Residential & Comml Environments3822
  • Industrial & Commercial Fans & Blowers & Air Purifing Equip3564
Product category
HVAC Equipment Manufacturing
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1HVAC Equipment Manufacturing
TypeHardware Sales
Description

Climate Control Group generates revenue through the design, manufacture, and sale of HVAC equipment including geothermal heat pumps, water-source heat pumps, fan coils, modular chillers, and custom air handlers through its six subsidiary companies.

ccgi-hvac.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 11 records shown
1ClimateMaster
Description

Water-source and geothermal heat pump manufacturer serving residential and commercial markets

ccgi-hvac.com
+10 more records
Core offering1 text field

Climate Control Group designs, manufactures, and sells HVAC equipment for commercial and residential applications through six subsidiary brands: ClimateMaster (geothermal and water-source heat pumps), IEC (hydronic fan coils), ClimateCraft (custom air handling units), ClimaCool (modular chillers and packaged rooftops), ThermaClime/TTI (heat pumps, fan coils, air handlers, modular chillers), and KOAX (coaxial heat exchangers). The portfolio includes packaged systems, split systems, water-to-water heat pumps, geothermal systems, DOAS, fan coils, fan matrix arrays, and smart controls such as iGate® 2 with remote diagnostics.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • $700-$800 per year utility bill savings for homeowners with geothermal systems
+1 more record
Product overview1 text field

Climate Control Group is a diverse collection of HVAC subsidiaries providing a comprehensive portfolio of climate control products and solutions. The portfolio consists of six subsidiary brands serving geothermal, hydronic, modular chiller, custom air handler, and component markets. The core offerings include: ClimateMaster (water-source and geothermal heat pumps including Tranquility packaged systems, split systems, and Trilogy 45 Q-Mode), IEC (fan coils with the innovative SureFlow 2-pipe hydronic system), ClimateCraft (custom air handlers and fan matrix), ClimaCool (modular chillers and packaged rooftops), ThermaClime (heat pumps and fan coils), and KOAX (heat exchangers). Key product lines span packaged systems, modular hi-rise water-source heat pumps, console units, residential air handlers, geothermal applications, and applied products including DOAS. Technology features include iGate communicating controls and smart thermostat systems. The group is headquartered in Oklahoma City and serves healthcare, education, hospitality, and residential markets.

Scale indicator4 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierParent_CompanyTypeOthers
Description

Climate Control Group is a member/company of NIBE Group, a Swedish HVAC manufacturer. The company states 'Climate Control Group is a NIBE company' and displays NIBE Group branding. This is a parent-subsidiary relationship providing Climate Control Group with international backing and resources.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Trane is a global HVAC equipment manufacturer offering chillers, air handlers, and heat pumps across commercial and residential markets. It directly competes with CCG's ClimaCool modular chillers, ClimateCraft AHUs, and ClimateMaster WSHP/geothermal product lines, particularly in healthcare, education, and data-center verticals.

TypeDirect peer
Description

Carrier manufactures commercial and residential HVAC equipment including chillers, air handlers, heat pumps, and controls. It competes head-to-head with CCG across custom AHU, modular chiller, water-source heat pump, and smart thermostat categories, with substantially larger scale and global distribution.

TypeDirect peer
Description

Lennox is a leading HVAC manufacturer of residential and light commercial heating, cooling, and refrigeration equipment. It directly overlaps CCG's residential geothermal/split systems and commercial rooftop portfolio, with stronger consumer brand recognition and a national dealer network.

TypeDirect peer
Description

Johnson Controls' York brand manufactures commercial HVAC chillers, air handlers, and packaged units. It is a direct competitor in the modular chiller, custom AHU, and applied HVAC segments where ClimaCool and ClimateCraft compete for institutional and data-center projects.

TypeDirect peer
Description

Daikin Applied (US arm of Daikin Industries) manufactures chillers, air handlers, and commercial HVAC systems. It competes directly with CCG's applied-products portfolio and is rapidly expanding US heat-pump manufacturing, overlapping with ClimateMaster's WSHP/geothermal franchise.

TypeDirect peer
Description

Bosch Thermotechnology produces residential and commercial heat pumps, geothermal systems, and hydronic equipment under the Bosch and FHP Manufacturing brands. It is a direct competitor in geothermal and water-source heat pumps, with comparable technology positioning.

TypeDirect peer
Description

Mitsubishi Electric Trane HVAC US sells variable-speed, ductless, and VRF heat pump systems. While more focused on VRF, it competes with CCG's Tranquility water-source heat pumps and high-efficiency variable-speed packaged systems in commercial and residential channels.

TypeEmerging player
Description

Modine manufactures heat-transfer and HVAC components including commercial unit heaters, data-center cooling, and heat pumps. It is comparable to KOAX's heat-exchanger business and ClimateCraft's applied AHU work in industrial and high-tech cooling applications.

TypeBroad incumbent
Description

Watsco is the largest US distributor of HVAC products, carrying Carrier, Trane, Lennox, Goodman, and other brands through more than 600 locations. It is a key channel partner and indirect competitor that shapes contractor access for CCG's residential and commercial product lines.

TypeBroad incumbent
Description

Rheem produces residential and commercial heating, cooling, and water-heating equipment with a strong national brand. It is a broad incumbent competitor in residential split systems and light commercial HVAC adjacent to CCG's residential geothermal and packaged offerings.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers2 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles5 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries6 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Climate Control Group

HVAC Equipment Manufacturingccgi-hvac.com

Climate Control Group is a private Oklahoma City-based HVAC manufacturer and NIBE Group subsidiary, operating six brands that produce geothermal heat pumps, water-source heat pumps, fan coils, custom air handlers, modular chillers, and heat exchangers for healthcare, education, hospitality, and residential markets via HVAC contractors and engineering specifiers.

What Climate Control Group does

Climate Control Group, Inc. is a privately held HVAC equipment manufacturer headquartered in Oklahoma City, Oklahoma, operating as a wholly-owned subsidiary of Sweden's NIBE Group. The group is organized into six operating subsidiaries — ClimateMaster (geothermal and water-source heat pumps), International Environmental Corporation / IEC (fan coils, founded 1948), ClimateCraft (custom air handling units), ClimaCool (modular chillers and packaged rooftops), ThermaClime Technologies (heat pumps, fan coils, air handlers), and KOAX (coaxial heat exchangers) — collectively serving healthcare, education, hospitality, and residential end markets through a B2B channel of HVAC contractors and engineering specifiers.

The product portfolio spans geothermal and water-source heat pumps (marketed under Tranquility and Trilogy 45 Q-Mode lines), hydronic and modular fan coils, custom air handlers from 2,000–200,000 CFM, modular chillers, DOAS systems, packaged rooftops, and component-level heat exchangers. Differentiated technology platforms include iGate 2 (a smart thermostat with remote diagnostics and contractor commissioning), vFlow (variable-flow geothermal control), and SureFlow (a 2-pipe hydronic alternative to 4-pipe systems). Several product lines — Trilogy 45 Q-Mode and Tranquility Digital Split Series — were designated Most Efficient ENERGY STAR-certified in 2017. CCG sells primarily to engineers and contractors who specify and install equipment into commercial buildings, multi-family residential, and custom residential projects; direct-to-end-consumer sales are not part of the model.

CCG generates revenue through hardware sales of engineered HVAC equipment, with pricing conducted on a quote basis tied to application requirements and configuration. The company maintains dedicated enterprise sales and engineering teams at each subsidiary, participates in major industry trade shows (notably AHR Expo, with confirmed presence in 2018, 2023, 2025, and 2026), and distributes through certified HVAC contractor networks. Revenue is not publicly disclosed, and the company does not pursue venture or public equity financing as a subsidiary of NIBE Group.

Climate Control Group firmographics

Firmographics
Name
Climate Control Group
Legal name
Climate Control Group, Inc.
Website
https://ccgi-hvac.com
Company type
Private
Founded year
1948
Operating status
Operating
Headcount range
501–1,000 employees
Short description
Climate Control Group is a private Oklahoma City-based HVAC manufacturer and NIBE Group subsidiary, operating six brands that produce geothermal heat pumps, water-source heat pumps, fan coils, custom air handlers, modular chillers, and heat exchangers for healthcare, education, hospitality, and residential markets via HVAC contractors and engineering specifiers.
Ownership category
akta.pro rank

Climate Control Group industry classification

Industry
Product category
HVAC Equipment Manufacturing
NAICS
Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512), Industrial and Commercial Fan and Blower and Air Purification Equipment Manufacturing (333413)
SIC
Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Auto Controls For Regulating Residential & Comml Environments (3822), Industrial & Commercial Fans & Blowers & Air Purifing Equip (3564)
akta.pro primary industry
HVAC Equipment (Heating, Cooling & Air Handling) (IMAHAKAB)
akta.pro secondary industries
Chillers & Cooling Plant Equipment (IMAHAKAE), Heat Exchangers, Coils & Hydronic HVAC Components (IMADANAF), HVAC Controls & Optimization (Smart Thermostats, VAV, Chillers/Boilers Controls) (BPABAGAB)

Keywords

  • HVAC manufacturing equipment
  • Geothermal heat pumps
  • Commercial air handlers
  • Modular chillers cooling
  • Hydronic fan coils

Where Climate Control Group is headquartered

Location

Headquarters

HQ city
Oklahoma City
HQ country
United States
HQ region
North America

Offices1 record

Markets served

Climate Control Group business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

  1. HVAC Equipment Manufacturing: Climate Control Group generates revenue through the design, manufacture, and sale of HVAC equipment including geothermal heat pumps, water-source heat pumps, fan coils, modular chillers, and custom air handlers through its six subsidiary companies.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Climate Control Group product offering

Product offering

Core offering

Climate Control Group designs, manufactures, and sells HVAC equipment for commercial and residential applications through six subsidiary brands: ClimateMaster (geothermal and water-source heat pumps), IEC (hydronic fan coils), ClimateCraft (custom air handling units), ClimaCool (modular chillers and packaged rooftops), ThermaClime/TTI (heat pumps, fan coils, air handlers, modular chillers), and KOAX (coaxial heat exchangers). The portfolio includes packaged systems, split systems, water-to-water heat pumps, geothermal systems, DOAS, fan coils, fan matrix arrays, and smart controls such as iGate® 2 with remote diagnostics.

Product overview

Climate Control Group is a diverse collection of HVAC subsidiaries providing a comprehensive portfolio of climate control products and solutions. The portfolio consists of six subsidiary brands serving geothermal, hydronic, modular chiller, custom air handler, and component markets. The core offerings include: ClimateMaster (water-source and geothermal heat pumps including Tranquility packaged systems, split systems, and Trilogy 45 Q-Mode), IEC (fan coils with the innovative SureFlow 2-pipe hydronic system), ClimateCraft (custom air handlers and fan matrix), ClimaCool (modular chillers and packaged rooftops), ThermaClime (heat pumps and fan coils), and KOAX (heat exchangers). Key product lines span packaged systems, modular hi-rise water-source heat pumps, console units, residential air handlers, geothermal applications, and applied products including DOAS. Technology features include iGate communicating controls and smart thermostat systems. The group is headquartered in Oklahoma City and serves healthcare, education, hospitality, and residential markets.

Differentiator

Problem solved

Functional benefit

Brands

  • ClimateMaster: Water-source and geothermal heat pump manufacturer serving residential and commercial markets
  • IEC (International Environmental Corporation)
  • ClimateCraft
  • ClimaCool
  • ThermaClime Technologies (TTI)
  • KOAX
  • Tranquility
  • Trilogy
  • SureFlow
  • iGate
  • vFlow

Quantifiable outcome

  • $700-$800 per year utility bill savings for homeowners with geothermal systems
  • +1 more outcomes

Companies that use Climate Control Group

Customer profile

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Climate Control Group technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature4 records

Climate Control Group partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • NIBE Groupparent_companyOthersClimate Control Group is a member/company of NIBE Group, a Swedish HVAC manufacturer. The company states 'Climate Control Group is a NIBE company' and displays NIBE Group branding. This is a parent-subsidiary relationship providing Climate Control Group with international backing and resources.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Climate Control Group competitors and assessment

Company assessment

Direct peers

  • Trane Technologies: Trane is a global HVAC equipment manufacturer offering chillers, air handlers, and heat pumps across commercial and residential markets. It directly competes with CCG's ClimaCool modular chillers, ClimateCraft AHUs, and ClimateMaster WSHP/geothermal product lines, particularly in healthcare, education, and data-center verticals.
  • Carrier Global: Carrier manufactures commercial and residential HVAC equipment including chillers, air handlers, heat pumps, and controls. It competes head-to-head with CCG across custom AHU, modular chiller, water-source heat pump, and smart thermostat categories, with substantially larger scale and global distribution.
  • Lennox International: Lennox is a leading HVAC manufacturer of residential and light commercial heating, cooling, and refrigeration equipment. It directly overlaps CCG's residential geothermal/split systems and commercial rooftop portfolio, with stronger consumer brand recognition and a national dealer network.
  • Johnson Controls (York): Johnson Controls' York brand manufactures commercial HVAC chillers, air handlers, and packaged units. It is a direct competitor in the modular chiller, custom AHU, and applied HVAC segments where ClimaCool and ClimateCraft compete for institutional and data-center projects.
  • Daikin Applied: Daikin Applied (US arm of Daikin Industries) manufactures chillers, air handlers, and commercial HVAC systems. It competes directly with CCG's applied-products portfolio and is rapidly expanding US heat-pump manufacturing, overlapping with ClimateMaster's WSHP/geothermal franchise.
  • Bosch Thermotechnology: Bosch Thermotechnology produces residential and commercial heat pumps, geothermal systems, and hydronic equipment under the Bosch and FHP Manufacturing brands. It is a direct competitor in geothermal and water-source heat pumps, with comparable technology positioning.
  • Mitsubishi Electric Trane HVAC US: Mitsubishi Electric Trane HVAC US sells variable-speed, ductless, and VRF heat pump systems. While more focused on VRF, it competes with CCG's Tranquility water-source heat pumps and high-efficiency variable-speed packaged systems in commercial and residential channels.

Emerging players

  • Modine Manufacturing: Modine manufactures heat-transfer and HVAC components including commercial unit heaters, data-center cooling, and heat pumps. It is comparable to KOAX's heat-exchanger business and ClimateCraft's applied AHU work in industrial and high-tech cooling applications.

Broad incumbents

  • Watsco: Watsco is the largest US distributor of HVAC products, carrying Carrier, Trane, Lennox, Goodman, and other brands through more than 600 locations. It is a key channel partner and indirect competitor that shapes contractor access for CCG's residential and commercial product lines.
  • Rheem Manufacturing: Rheem produces residential and commercial heating, cooling, and water-heating equipment with a strong national brand. It is a broad incumbent competitor in residential split systems and light commercial HVAC adjacent to CCG's residential geothermal and packaged offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Climate Control Group social profiles

Digital presence

Climate Control Group financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Climate Control Group leadership team

Management profile

Number of profiles

Profiles5 records

Climate Control Group subsidiaries and ownership

Company hierarchy

Subsidiaries6 records

Climate Control Group funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Climate Control Group M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Climate Control Group

What does Climate Control Group do?

Climate Control Group designs, manufactures, and sells HVAC equipment for commercial and residential applications through six subsidiary brands: ClimateMaster (geothermal and water-source heat pumps), IEC (hydronic fan coils), ClimateCraft (custom air handling units), ClimaCool (modular chillers and packaged rooftops), ThermaClime/TTI (heat pumps, fan coils, air handlers, modular chillers), and KOAX (coaxial heat exchangers). The portfolio includes packaged systems, split systems, water-to-water heat pumps, geothermal systems, DOAS, fan coils, fan matrix arrays, and smart controls such as iGate® 2 with remote diagnostics.

Is Climate Control Group a public or private company?

Climate Control Group is a private company. It is classified as corporate owned and is currently operating.

When was Climate Control Group founded?

Climate Control Group was founded in 1948. It employs 501 to 1,000 people.

Where is Climate Control Group based?

Climate Control Group is headquartered in Oklahoma City, United States, in the North America region.

How does Climate Control Group make money?

One revenue line is on record: HVAC Equipment Manufacturing.

Who are Climate Control Group's main competitors?

Direct peers on record are Trane Technologies, Carrier Global, Lennox International, Johnson Controls (York), Daikin Applied, Bosch Thermotechnology and Mitsubishi Electric Trane HVAC US. Modine Manufacturing is listed as an emerging player. Broad incumbents are Watsco and Rheem Manufacturing.

Does Climate Control Group have an API?

No public API is recorded for Climate Control Group.

What industry is Climate Control Group in?

Climate Control Group's product category is HVAC Equipment Manufacturing. Its primary akta.pro industry code is IMAHAKAB, HVAC Equipment (Heating, Cooling & Air Handling), with a secondary code of IMAHAKAE, Chillers & Cooling Plant Equipment. Its NAICS code is 333415 and its SIC code is 3585.

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Live signals
AchrnewsResidential Tax Credits Are Ending, But Demand ContinuesThe 30% residential geothermal installation tax credits sunsetted in 2025 under the One Big, Beautiful Bill Act, ending a benefit that contractors have relied on since 2005, with previous data showing a 45% sales decline when credits briefly disappeared in 2016. Dan Ellis, CEO of Climate Control Group, reports continued consumer interest and optimism about new growth avenues, including third-party leasing models and Geothermal Renewable Energy Credits (G-RECs) that can be incorporated into lease agreements to create lower rates. The article positions these new financing mechanisms as a potential turning point for the industry, likening the opportunity to how solar leasing transformed that market.AchrnewsGeothermal Veteran Honored for Service to IndustryJohn Bailey, chief revenue officer at the Climate Control Group, received an Ambassador Award from the International Ground Source Heat Pump Association (IGSHPA) at the organization's annual conference. Bailey has over 40 years of experience in the ground-source heat pump industry and has contributed to the creation and development of the geothermal sector. The award recognizes his leadership, advocacy, and commitment to advancing the industry through sales and marketing expertise.AchrnewsDigging Into Geothermal Innovation at AHR ExpoGeothermal technology was highlighted at the 2026 AHR Expo, where manufacturers showcased new systems designed to improve efficiency and expand geothermal applications. ClimateMaster featured its Tranquility SL Low-Profile Series water-source heat pump, a new generation product with a 9-inch cabinet height, advanced CXM2 communicating controls, and UltraQuiet sound-attenuation features that exceed ASHRAE 90.1 efficiency standards. Climate Control Group's Dan Ellis also discussed how tax incentives have affected geothermal market adoption and new opportunities for contractors.ReutersSwedish heat pump maker Nibe to buy U.S Climate Control GroupNibe agreed to buy U.S. Climate Control Group from LSB Industries for $364 million, planning a rights issue worth 3 billion crowns. CCG had $274 million in sales last year, while Nibe's reached $1.57 billion. Nibe expects CCG to exceed its 10% operating margin target in 2017.