WASHINGTON, D.C. &#; The U.S. Department of Energy (DOE) today announced that four additional heat pump manufacturers successfully produced heat pump prototypes as part of the Residential Cold Climate Heat Pump (CCHP) Technology Challenge, a DOE initiative to accelerate the deployment of heat pump technologies by supporting innovation and manufacturing. Launched in , this initiative brings together public and private sector stakeholders to address technical challenges and market barriers to adopting next-generation cold-climate heat pumps&#;a key clean energy technology that can potentially save households $500 a year or more on their utility bills while also slashing harmful carbon emissions. The Challenge specifies that prototypes deliver 100% heating capacity without the use of auxiliary heat and with significantly higher efficiencies at 5 degrees Fahrenheit. Through the Challenge, DOE is working together with industry to accelerate widespread commercialization of efficient cold-climate electric heat pumps, which can provide clean heating and cooling for millions of American families and help meet President Biden&#;s goal of 100% carbon pollution-free electricity by and a net-zero carbon economy by .
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&#;Deploying next-generation technologies like heat pumps is critical to the Biden-Harris Administration&#;s efforts to ensure that Americans have access to more affordable clean heating and cooling options&#;no matter where they live,&#; said U.S. Secretary of Energy Jennifer M. Granholm. &#;By supporting industry advancements, DOE&#;s Cold-Climate Heat Pump Challenge is helping get cost-effective clean energy technology into homes across America&#;keeping families warm during the coldest months and saving them money.&#;
Heating and cooling buildings, homes, offices, schools, hospitals, military bases, and other critical facilities contribute to more than 35% of all U.S. energy consumption, driving carbon emissions that fuel climate change, jeopardize public health, and pollute local ecosystems. Heat pumps efficiently provides comfortable temperatures for heating and cooling homes and businesses in all climates, especially when homes are well insulated, and can also provide more efficient water heating. Unlike heaters that run on natural gas or heating oil, heat pump technology uses only electricity to extract heat from the air to heat and cool buildings and, when compared to gas boilers, heat pumps reduce on-site greenhouse gas emissions by up to 50%.
Bosch, Daikin, Midea, and Johnson Controls will join previously announced partners Lennox International, Carrier, Trane Technologies, and Rheem in the next phase of the Challenge, which is expected to involve the installation and monitoring of more than 23 prototypes in various cold-climate locations throughout the U.S. and Canada over the next year. With eight manufacturing partners successfully passing the laboratory testing stage in the Challenge, DOE is now turning to the nearly 30 state, utility, and other partners that were part of the original Challenge commitments to encourage the adoption of CCHPs. DOE will continue to work with partners to develop programs, incentives, education and outreach campaigns that help consumers better understand the benefits of these new designs.
Electric heat pumps enable more American families and businesses to benefit from lower energy costs through American-made clean energy technologies, while supporting good jobs, reinvigorating American manufacturing, improving public health, and tackling climate change. Additional savings are currently available through President Biden&#;s Inflation Reduction Act&#;s Energy Efficient Tax Credit 25C tax credits, which helps consumers afford heat pumps. To learn more about savings and how heat pumps work, visit Pump Up Your Savings with Heat Pumps or DOE&#;s Energy Savings Hub&#;an easy-to-use online resource consumers can use to access the cost-saving benefits of President Biden&#;s Investing in America agenda.
The Residential CCHP Technology Challenge is part of the Initiative for Better Energy, Emissions, and Equity (E3 Initiative) run by DOE&#;s Building Technologies Office in the Office of Energy Efficiency and Renewable Energy. DOE is partnering with the U.S. Environmental Protection Agency and Natural Resources Canada on this effort.
The heat pump market is experiencing significant growth, driven by increasing concerns about energy efficiency and sustainability. These innovative devices offer both heating and cooling, making them a versatile and eco-friendly option for homes and buildings. As the market continues to expand, several leading companies are pushing the boundaries of heat pump technology. Here's a look at the top 10 companies shaping the future of the heat pump market:
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Here are the top 10 companies that are touted to hold a robust position in the global market over the forthcoming years:
1. Daikin: This Japanese multinational is a global leader in air conditioning and heating systems, with a strong presence in the heat pump market. They offer a diverse range of heat pumps for residential and commercial applications, known for their efficiency and reliability.
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2. Robert Bosch LLC: A subsidiary of the German engineering giant, Robert Bosch offers a variety of heat pump solutions, including air source and ground source models. They are known for their commitment to innovation and developing sustainable solutions.
3. Danfoss: This Danish company is a leading manufacturer of components for the HVAC industry, including heat pumps. They play a crucial role in developing advanced technology that improves heat pump efficiency and performance.
4. Goodman Manufacturing Company: A subsidiary of Johnson Controls, Goodman is a major player in the North American HVAC market, offering affordable and reliable heat pump options for residential settings.
5. Ingersoll Rand plc: This American multinational is a diversified industrial manufacturer, with a strong presence in the HVAC sector. They offer a wide range of heat pumps for residential and commercial use, known for their durability and performance.
6. Mitsubishi Electric: This Japanese conglomerate is a major player in the global electronics and electrical equipment market, with a significant presence in the heat pump industry. They are known for their high-efficiency and innovative heat pump solutions.
7. Panasonic: Another Japanese multinational, Panasonic is a diversified technology company with a strong presence in the HVAC sector. They offer a variety of heat pump options for residential and commercial applications, known for their energy efficiency and user-friendly features.
8. United Technologies Corporation (UTC): This American conglomerate, now known as Raytheon Technologies, was previously a major player in the HVAC industry, including heat pumps. While they have spun off their climate, controls, and security businesses, their legacy and expertise continue to influence the market.
9. Vattenfall: This Swedish energy company is not a traditional heat pump manufacturer, but they are actively involved in promoting and developing heat pump solutions as part of their commitment to sustainable energy practices.
10. Viessmann Manufacturing Company: This German manufacturer is a leader in heating and climate control systems. They offer a range of high-efficiency heat pumps for residential and commercial applications, known for their advanced technology and user-friendly design.
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