How much will be invested in heat pump manufacturing?
Many more heat pumps will need to be built and installed to meet the EU’s 2030 targets, set in its REPowerEU plan. In the meantime, more and more people are turning away from fossil fuel boilers to heat pumps.
European manufacturers are reacting to this change in policy recognition and end-user demand
by investing in manufacturing capacity and logistics.
Their total announced investment – to be executed over the next three years – comes to nearly
€5 billion.
Related articles
Fossil fuel heating: too few EU countries have committed to phase-out
EU countries have to plan how they’ll meet their climate and energy targets. Decarbonising heating & […]
20 Nov 2023
Net Zero? It’s all about electrification
Today the Electrification Alliance** unveiled a new ‘Electrification Manifesto’ urging the European Commission to fast-track […]
23 Oct 2023
Joint letter: the power grid is the new highway of Europe
Grid modernisation must be coordinated
17 Oct 2023
EU Heat Pump Accelerator
23 organisations including industry, governments and NGOs have drawn up a roadmap of the barriers […]
07 Jun 2023