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Search resuls for: "Pump Association"


3 mentions found


☆ Sweaty Europe can kill two birds with one pump
  + stars: | 2023-08-07 | by ( Pamela Barbaglia | ) www.reuters.com   time to read: +8 min
What may be less immediately obvious is that heat pumps are the best way to do both. In Europe, currently only 16% of residential buildings use heat pumps, according to a study from the European Heat Pump Association (EHPA) based on data from 21 countries including non-EU Britain and Norway, with 20 million heat pumps installed. On average buying and installing a heat pump could cost up to $13,000 compared to $2,500 for a gas boiler. Heat pump sales rose 35% in Italy last year, making it Europe’s second-biggest marketplace after France, EHPA data shows. To meet net-zero targets by 2030 EHPA estimates Europe would need 60 million more heat pumps installed by 2030.
Persons: Remo Casilli, Olaf Scholz’s, Joe Biden’s, António Guterres, George Hay, Oliver Taslic, Streisand Neto Organizations: Popolo, REUTERS, Remo Casilli LONDON, Reuters, International Energy Agency, IEA, European Union, Pump Association, Reuters Graphics, U.S . Energy Information Administration, Carrier, Mitsubishi Electric, Daikin Industries, El, El Corte Inglés, Thomson Locations: Italy, Rome, Europe, EU Britain, Norway, France, Germany, Poland, Brussels, Britain, United States, U.S, U.N, El Corte
☆ German $13 bln heat pump sale dents EU green hopes
  + stars: | 2023-04-26 | by ( Pamela Barbaglia | ) www.reuters.com   time to read: +4 min
For 106-year-old German heat pump maker Viessmann it looks like an odd move, given its technology is in demand and at the forefront of the energy transition race. Heat pumps may not be the most obvious sector to lead a revival in transatlantic cross-border M&A, down 31% so far this year. The European heat pump market rose by over a third last year, with a record 3 million units sold in 2022 after government support and soaring fossil fuel prices boosted uptake of the technology, according to the European Heat Pump Association. European Union policymakers are betting on heat pumps to reduce CO2 emissions and cut dependence on imported fossil fuels. Germany’s heat pump market grew 53% in 2022, Germany’s heat pump association BWP reported in January.
☆ HeatTransformers, a one-stop-shop for heat pumps, just raised $16 million. Check out the 10-slide pitch deck it used to raise the fresh funds.
  + stars: | 2023-04-04 | by ( Tasmin Lockwood | ) www.businessinsider.com   time to read: +4 min
HeatTransformers, a Dutch one-stop-shop for heat pumps, has just secured $16 million. A startup positioning itself as a one-stop-shop for heat pumps has just secured 15 million euros (around $16 million) in a Series A round. They ended up reevaluating the homes of some referrals, which Otten said had been quoted for the wrong heat pumps. Heat pump sales across Europe grew by almost 38% in 2022 with 3 million units sold, according to the European Heat Pump Association. Still, heat pumps heat just 16% of homes and commercial buildings, the association found.
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