AsiaNet 89310

ZHUHAI, China, May 1, 2021 /PRNewswire=KYODO JBN/ --

Gree Electric Appliances, Inc. of Zhuhai (Gree) (000651.SZ), a world-leading

air conditioner and home appliances manufacturer, was named as the grand winner

of the 2021 Global Cooling Prize for its innovative "Zero Carbon Source"

cooling technology.

"Gree is a diversified technological global industrial group that has expanded

its business to household consumer goods and industrial equipment and it

insists on continuous innovation and R&D to improve people's lives. The

climate-friendly air conditioning technology awarded the Grand Winner at the

Global Cooling Prize will reduce the carbon emission impact of existing air

conditioners by 80 percent," said Ms. Dong Mingzhu, Chairperson and President

of Gree Electric Appliances.

The Global Cooling Prize was jointly launched in 2018 by Rocky Mountain

Institute, Government of India and Mission Innovation, which is committed to

developing breakthrough innovative cooling technologies that have five times

(5X) less climate impact than standard air conditioning units available on the

market today (including indirect carbon emissions generated by grid electricity

and direct carbon emissions corresponding to the greenhouse effect of

refrigerants), so as to solve the threat to climate caused by the

ever-increasing demands for residential air conditioners .

Gree's innovative "Zero Carbon Source" cooling technology integrates advanced

vapor compression refrigeration, photovoltaic direct-driven, evaporative

cooling, ventilation and more, which efficiently utilizes renewable energy

sources and free cooling sources.

The climate impact of Gree's new design with "Zero Carbon Source" cooling

technology is less than one fifth of conventional air conditioners. Through

innovation and intelligent design, Gree's climate-friendly technology is a

major breakthrough in the energy efficiency limitations of conventional air

conditioners.

With rapidly growing populations and accelerated urbanization, it is estimated

that by 2050, global demand for room air conditioners will increase from 1.2

billion units in 2016 to 4.5 billion units. When climate-friendly cooling

solutions are effectively promoted and applied, 100 billion tons of carbon

dioxide equivalent emissions can be avoided, helping the world to mitigate over

0.5°C of global warming by 2100 while improving the quality of life for people

living in hot and humid climates.

About Gree

Founded in 1991, Gree is a diversified technological global industrial group

that has expanded its business to household consumer goods and industrial

equipment under three brand names: GREE, KINGHOME and TOSOT.

For more information visit http://global.gree.com/.

Source: Gree Electric Appliances, Inc

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=390442

   Caption: Leading AC Manufacturer Gree Named ‘2021 Global Cooling Prize’ Grand Winner