Heat pumps are gaining popularity as an eco-friendly alternative to gas boilers, with governments and companies investing in the technology to support decarbonization efforts.
Heat pumps are hotting up as governments worldwide search for alternatives to gas boilers. They can both warm and cool buildings and are powered by electricity, rather than fossil fuels, helping to decarbonise homes and offices. Governments worldwide are beginning to invest heavily in the technology as they strive to trade old boilers out for innovative heat pump technology to support a green transition. We have long relied on fossil fuels to heat residential and office buildings.
Last April, Carrier acquired the German heat pump company Viessmann Climate Solutions for around $13 billion. David Gitlin, the CEO of Carrier Global, stated “We all know that sustainability is a megatrend… HVAC has to have a critical seat at the table.” Carrier’s chief technology and sustainability officer, Hakan Yilmaz, explained, “HVAC is at an inflexion point right now, with a tremendous shift toward electrification, going from fossil fuel-burning boilers and furnaces to heat pumps.
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