Europe raised USD 25M for heat pump development

Ideal Heating has submitted plans to the city council in Hull, England, for a new GBP 10 million research and development facility at its UK headquarters. The so-called UK Technology Center will develop and test low-carbon heating solutions such as air-source heat pumps.

The new R&D center will house test equipment and environmental chambers to simulate a range of climate conditions, including extremely cold temperatures.

The facilities will also include chambers to verify noise and vibration levels and extreme condition testing. The investment will expand Ideal Heating’s R&D workforce from 70 employees at present to around 100 people.

Separately, Heat Transformers has secured EUR 15 million in a Series A funding round to expand its services in the Netherlands, Germany, and the United Kingdom.

Heat Transformers offers a digital platform that connects consumers to a network of heat pump manufacturers and installation services. It also offers maintenance and optimization services, as well as online monitoring. Its partners include Engie, Bosch, and dozens of local and national installers.

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