Selection of air conditioning(AC) cold/heat sources generally concerns about certain aspects and cannot reveal the whole profile of the problems.Grey relation analysis (GRA) is a data processing method to categorize the correlation extent of compared sequences and a certain reference sequence in a system with uncertain information.It is applied to evaluating and selecting AC cold/heat sources from four main aspects, which are technology, economy, reliability, and operation and management.Case study shows that the result for selecting AC cold/heat sources with the GRA method can be more reasonable and convincible.Thus it offers a new approach for designers in heating, ventilating and air conditioning field to compare and evaluate different AC cold/heat sources.