Hudson Technologies and the DC Sustainable Energy Utility Partner to Launch the Nation’s First Refrigerant Recovery Pilot in DC

WOODCLIFF LAKE, N.J., Sept. 08, 2025 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN), a leading provider of innovative and sustainable refrigerant products and services to the Heating, Ventilation, Air Conditioning, and Refrigeration industry – and one of the nation’s largest refrigerant reclaimers has partnered with DC Sustainable Energy Utility (“DCSEU”), to launch a new Refrigerant Recovery and Reclamation (RR&R) Pilot.

This first-of-its-kind initiative, led by a utility incentive program, is designed to reduce harmful greenhouse gas (GHG) emissions while creating new revenue opportunities for local businesses in the District. Unlike traditional utility programs that solely measure success in energy savings— megawatts (MW), megawatt-hours (MWh), or million British thermal units (MMBtu)— this effort reduces GHG emissions by rewarding the use of Hudson’s technology to recover refrigerants during servicing, to reduce the practice of venting refrigerants into the atmosphere. Because the DCSEU’s performance goals are based on total GHG reductions, including both energy and non-energy measures, the organization is uniquely positioned to support and fund this innovative climate-focused strategy.

Through this pilot, Hudson provides HVAC contractors with training on recovery best practices, supplies proper storage containers for used refrigerants, covers shipping and logistics, and offers their own financial incentives for recovered refrigerant in addition to those provided by the DCSEU. This training and financial incentive helps contractors offset the costs of best-in-class recovery equipment and processes while also providing an additional revenue stream for their business.

“Hudson is proud to partner with the DCSEU in this first of a kind utility sponsored GHG emissions reduction pilot. According to the 2024 RMI report, refrigerant recovery, reclamation and reuse can result in 70% less emissions compared to using newly manufactured refrigerant,” said Kate Houghton Senior Vice President, Sales and Marketing at Hudson. “Increasing awareness around the importance of recovering refrigerant from every unit and providing incentives to contractors for doing so is key to growth of reclamation and we are excited to see the early positive results of this innovative pilot.”

Refrigerants, when leaked into the atmosphere, can have thousands of times the global warming potential of carbon dioxide. By ensuring that refrigerants are reclaimed and recycled by contractors working on DCSEU programs — like the Affordable Home Electrification Program (AHEP), which decommissions older HVAC systems — this pilot not only protects the environment but also strengthens local businesses, adds jobs, bolsters emissions reductions within existing DCSEU programs, and contributes to a circular refrigerant economy in the HVAC industry. Importantly, the pilot converts what was an expense for contractors into a revenue stream while also providing these benefits. This effort helps prevent potent greenhouse gases from entering the atmosphere and provides the District with an additional avenue to reduce its carbon footprint.

“Our partnership with Hudson ensures that refrigerants are handled responsibly within the District and kept out of the atmosphere, directly aligning with the District’s climate action goals, while also supporting contractors to ensure that recovery is happening,” said Ben Burdick, Managing Director. “We have seen positive early results from our pilot with Hugee Corporation demonstrating both the feasibility and importance of this work.”

About Hudson Technologies

Hudson Technologies, Inc. is a leading provider of innovative and sustainable refrigerant products and services to the Heating Ventilation Air Conditioning and Refrigeration industry. For nearly three decades, we have demonstrated our commitment to our customers and the environment by becoming one of the first in the United States and largest refrigerant reclaimers through multimillion dollar investments in the plants and advanced separation technology required to recover a wide variety of refrigerants and restoring them to Air-Conditioning, Heating, and Refrigeration Institute standard for reuse as certified EMERALD Refrigerants™. The Company's products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide® Services performed at a customer's site, consisting of system decontamination to remove moisture, oils and other contaminants. The Company’s SmartEnergy OPS® service is a web-based real time continuous monitoring service applicable to afacility’s refrigeration systems and other energy systems. The Company’s Chiller Chemistry® and Chill Smart® services are also predictive and diagnostic service offerings. As a component of the Company’s products and services, the Company also generates carbon offset projects.

About the DCSEU

The DCSEU helps DC residents and businesses use less energy, save money, and reduce emissions. Since 2011, the DCSEU has delivered financial incentives, technical assistance, and information to tens of thousands of District residents and businesses, helping to generate more than $1.5 billion in lifetime energy cost savings and preventing 7 million metric tons of lifetime greenhouse gas emissions. Its work is building a brighter economic, environmental, and energy future for the District.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Statements contained herein which are not historical facts constitute forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to, changes in the laws and regulations affecting the industry, changes in the demand and price for refrigerants (including unfavorable market conditions adversely affecting the demand for, and the price of, refrigerants), the Company's ability to source refrigerants, regulatory and economic factors, seasonality, competition, litigation, the nature of supplier or customer arrangements that become available to the Company in the future, adverse weather conditions, possible technological obsolescence of existing products and services, possible reduction in the carrying value of long-lived assets, estimates of the useful life of its assets, potential environmental liability, customer concentration, the ability to obtain financing, the ability to meet financial covenants under existing credit facilities, any delays or interruptions in bringing products and services to market, the timely availability of any requisite permits and authorizations from governmental entities and third parties as well as factors relating to doing business outside the United States, including changes in the laws, regulations, policies, and political, financial and economic conditions, including inflation, interest and currency exchange rates, of countries in which the Company may seek to conduct business, the Company’s ability to successfully integrate any assets it acquires from third parties into its operations, the impact of the current COVID-19 pandemic, and other risks detailed in the Company's 10-K for the year ended December 31, 2021 and other subsequent filings with the Securities and Exchange Commission. The words "believe", "expect", "anticipate", "may", "plan", "should" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made.