Trane Pioneers Decarbonization Technology for Electrification Retrofit at New York City’s Largest Office Building

Trane Pioneers Decarbonization Technology for Electrification Retrofit at New York City’s Largest Office BuildingLandmark electrification retrofit project at 55 Water Street sets a new standard for energy efficiency and sustainability, leveraging thermal energy storage. Sep 30, 2025 2:20 PM ETNEW YORK, September 30, 2025 /3BL/ - Trane®, a global climate innovator, has completed a groundbreaking electrification and decarbonization retrofit at 55 Water Street, New York City’s largest office building. Improve efficiency, helping 55 Water Street avoid $1.2 million in annual LL97 fines. The project was completed within a 12-month timeframe, allowing 55 Water Street to secure approximately $14.5 million in incentives. “I have a lot of trust with Trane,” said Dan Palino, chief operating officer, 55 Water Street.