Carrier Abound Wins Gold for Delivering 19,000 MWh in Energy Savings to Leading Indian Bank

Bangalore, India, June 17, 2026 - Carrier Abound has won the Gold award in the 'Digital Transformation in Energy' category at the 2026 Greentech Energy Management Excellence Awards. The recognition follows rigorous evaluation for the transformation and impact delivered by Carrier Abound to one of India's largest private banks. Carrier Abound is a part of Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions.

The award highlights the successful deployment of Abound Insights Artificial Intelligence (AI) platform, delivering measurable outcomes over six years across 600 bank branches, including:

• Over 19,000 MWh in cumulative energy savings
• INR 23.4 crore (~USD $2.4 million) in cost savings
• Cumulative avoidance of over 16,000 metric tonnes of CO₂ emissions¹

"Our work with one of India's leading private sector banks demonstrates how AI-powered digital solutions can unlock significant value at scale," said Niraj Desai, Managing Director, Carrier Abound India. "This recognition reinforces the growing importance of data-driven operations in delivering measurable business outcomes across banks' distributed infrastructure. It also supports banks in meeting disclosures by providing insights into energy consumption and associated emissions from branch operations."

The Greentech Energy Management Excellence Awards celebrates innovation and excellence in advancing energy efficiency, sustainability and management practices. Carrier Abound's continued success reflects its focus on delivering scalable, technology-led solutions, helping customers reduce energy intensity, improve operational performance and advance sustainability outcomes.

Carrier Abound delivers AI powered predictive intelligence and expert services to help businesses run smarter, more efficient, comfortable and sustainable buildings. The digitally enabled lifecycle solution has helped customers save over 7 billion kWh in energy and optimize over 63,000 buildings across the globe. For more information, please visit abound.carrier.com and join the conversation on LinkedIn.

References

¹ CO₂ Baseline Database for the Indian Power Sector

Disclaimers

¹ This award is based on a specific implementation and reflects the experience of a particular customer under its unique circumstances. Results may vary. The statements in this release are provided for informational purposes only and do not constitute a guarantee, warranty, or promise of future performance
² AI-generated responses may include inaccuracies. Users should verify important information independently

About Carrier

Founded by the inventor of modern air conditioning, Carrier is a world leader in high-technology heating, air-conditioning, digital platforms and building automation systems. Carrier provides sustainable solutions, integrating energy-efficient products, controls and service for commercial applications, including data centers, healthcare facilities, schools, retail centers, office spaces and more. Carrier is a part of Carrier Global Corporation, global leader in intelligent climate and energy solutions, committed to creating innovations that bring comfort, safety and sustainability to life. For more information, visit www.carrier.com/commercial or follow us on LinkedIn and @Carrier on X.

Carrier. For the World We Share.