In the Netherlands, central heating boilers will be banned by 2026 and its government has incentivized the installation of heat pumps. Meanwhile, the U.K. government estimates that heating buildings accounts for 25% of the U.K.’s greenhouse gas emissions. It passed the Energy Security Bill, and is aiming to install 600,000 heat pumps a year by 2028. All of this opens up opportunities for companies advising on, fitting and maintaining heat pumps, which is what Netherlands-based HeatTransformers, does. It just a raised €15 million Series A to go heavy on the (proverbial) gas.
“Heat pumps have an unbeatable CO2 reduction ratio per invested dollars for households,” says Stijn Otten, co-founder and director of HeatTransformers, “This ratio is much higher than with solar for instance. This was already the case back in 2018 when we started, but even more today.”
While heat pumps might not be new technology, the tech isn’t evenly distributed …
