Thai air conditioner exports to Europe surge 40.7% in May 2026 amid heatwave

MASTEC Link, or MASTEC, has set a target for its backlog of work awaiting revenue recognition at approximately 500–600 million baht by the end of 2026, drawn from its three core business groups: air-conditioning and sanitary system products, fire protection and safety products, and energy conservation and environmental innovation products. Dusadee Meechai, Chief Executive Officer of MASTEC, said the company sees favorable trends in both the third and fourth quarters of the second half of 2026, and will press ahead to capture new project opportunities while delivering work according to plan. The backlog target does not yet include additional opportunities from the two clean energy markets the company is preparing to enter: community solar projects under a combined power purchase framework of no more than 1,500 megawatts, and public solar work under the government's target of up to 1.5 million households. The company is preparing management systems and a network of installation teams to support expansion to the level of tens of thousands of households through a digital platform that connects the entire process, from receiving customer data, site surveys, design, assignment of installation teams, progress tracking, and quality inspection through to system handover. The company noted that the 500–600 million baht backlog is a target as of the end of 2026, not the total work already secured or all revenue to be recognized within this year, with actual figures depending on new project wins and the gradual recognition of revenue from work on hand. The two solar projects are not yet included in that target and will depend on policy implementation, criteria, selection results, and the company securing contracts.

Trane, a brand of Trane Technologies, announced a new multi-year agreement with Kroenke Sports & Entertainment under which Trane will serve as a Climate Innovation partner and KSE's official HVAC and thermal management partner. The deal marks KSE's first cross-property agreement with a technology provider, building on prior work together at venues including SoFi Stadium, YouTube Theater, Hollywood Park in Los Angeles and Ball Arena in Denver. Under the partnership, Trane's energy-efficient climate systems will help KSE modernize infrastructure through ultra-low-emission heating and cooling paired with intelligent digital services aimed at reducing energy use and emissions in real time. Holly Paeper, President of Commercial HVAC Americas at Trane Technologies, said the agreement reflects joint innovation on building performance and sustainability in complex environments, while Mike Neary, Executive Vice President of Business Operations and Real Estate at KSE, called it a first-of-its-kind cross-property agreement. The partnership supports Trane Technologies' Gigaton Challenge to reduce one billion metric tons of customer carbon emissions by 2030; in 2025 the company reported a 59% reduction in operational greenhouse gas emissions since 2019 and 44% recycled content across its primary product materials.

Sumitomo Mitsui Banking announced on the 25th that it will expand lending for corporate spending on disaster prevention and climate change measures. As natural disasters caused by climate change, such as heavy rain and floods, increase, the bank aims to support investment in flood-proofing buildings, installing emergency power sources, river improvement, cooling equipment, and developing crops suited to climate change. The bank became the first Japanese financial institution to obtain an opinion from the UK-based nonprofit Climate Bonds Initiative, which promotes such investment, stating that its sustainable finance framework conforms to international standards. This makes it easier for companies to show investors that they are working on disaster prevention and climate change measures if they receive loans through the bank's framework. It also signed a memorandum with the Climate Bonds Initiative together with SMBC Nikko Securities to share knowledge on climate-related standards and evaluation methods and expand the supply of funds to the disaster prevention field. Sumitomo Mitsui Financial Group aims to handle 50 trillion yen in sustainable finance by fiscal 2029.