Savings and payback periods varySome 3 million furnace fans were shipped in the U.S. last year. The department said that a furnace rated at 70,000 Btu/hour uses 1,000 kWh of electricity a year (presumably an average), so a consumer paying 14 cents per kWh for electricity now spends $140 a year to move conditioned air around the house. A 46% savings would drop that bill by $67 a year.Average life-cycle cost savings will vary by the type of furnace, as does the median payback period, according to government estimates. Lifetime savings were estimated at $506 for a non-weatherized, non-condensing gas furnace, and less for other types.The standards are performance-based, meaning the government doesn’t tell manufacturers how to meet the new rule. The conversion to more efficient fans will be expensive for the industry, although it’s not clear exactly how much the move will cost and how the new fans would affect consumer prices.The Air-Conditioning, Heating and Refrigeration Institute, a trade group representing furnace manufacturers, commented in a letter to the department in January that it “considers the adverse impacts of the proposed fan energy rating levels to be significant to the manufacturing industry.” The group also said it didn’t think the new standards would be cost-effective to consumers.Contacted June 26, AHRI said it was still developing a position on the final rule. New efficiency standards for fans installed on forced-air furnaces will reduce power consumption by as much as 46% and save U.S. consumers more than $9 billion on power bills through 2030, the Department of Energy says.The department announced the new rules on June 25, saying they were part of the federal Climate Action Plan and were the latest of eight final and nine proposed standards issued since last year.More efficient fans, which will be required beginning in 2019, will reduce carbon emissions by as much as 34 million metric tons through 2030, the DOE said.The specifics of the rule are spelled out in a lengthy document that lists requirements for different types of furnaces. Each type must meet a certain Fan Energy Rating, which is the amount of electricity needed to move a cubic foot of air per minute (watts/cfm).Savings in electricity ranged from 46% for several types of gas furnace to as little as 12% for non-condensing oil furnaces and certain furnaces for mobile homes.
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zoom Maersk Line has received clearance for its acquisition of German liner company Hamburg Süd in 18 jurisdictions, with three more approvals remaining to be secured, Søren Skou, CEO of Maersk Group said.Describing the acquisition as “well-timed”, Skou said that in the best case scenario the remaining approvals would be obtained by the end of this month.As informed, the company is going through motions with the relevant authorities from the remaining three geographies on clearing the deal.The liner major confirmed its previous expectations on launching the integration of Hamburg Süd in the fourth quarter of 2017.To remind, South Africa’s and Brazil‘s regulatory authorities gave their green lights to Maersk Line’s proposed acquisition of Hamburg Süd in October and September respectively.Danish container shipping company said it would acquire Hamburg Süd for USD 4 billion on a cash and debt-free basis, which it plans to fully finance through an already secured syndicated loan facility.Once the acquisition is completed, Maersk Line and Hamburg Süd will have a total container capacity of around 3.9 million TEU (3.3 million TEU) and an 18.7% (16%) global capacity share. The combined fleet will consist of 743 container vessels.Estimated cost synergies are expected to range between USD 350-400 million by 2019 as earlier announced.World Maritime News Staff