Johnson Controls, the global leader in smart, healthy and sustainable buildings, has unveiled Cooling as a Service (CaaS) – a new innovation set to reshape the cooling industry. CaaS is a capital-free, innovative solution that revolutionizes the traditional cooling model. Fully managed by Johnson Controls, it covers the entire cooling lifecycle from equipment upgrade to ongoing operation, service and maintenance – ensuring optimal performance and customer satisfaction. It is suitable for new and existing facilities and can be tailored to a range of business sectors including property management, residential, commercial offices, retail, hospitality, and more. As a true pay-per-use model, customers only pay for what they use to cool their premises and have full transparency over usage, performance, efficiency.