Habeck played down the possibility that Germany might require heat pump makers to produce a certain percentage of their products locally if they wanted to benefit from government subsidies for new heating installations. “Apparently foreign investors are needed for that,” he said, arguing that the government’s policies were leading to “a sell-off of the German heat pump.” “We will pay attention to this.”Īnimatronic dragon bursts into flames during Disneyland show “It is important that the advantages of our energy policy and profits that are made with it continue to benefit Germany as a location,” he said. German Vice Chancellor Robert Habeck, who is leading those plans, said the Viessmann deal showed that the market for heat pumps was “so attractive that it is drawing investment,” but added that the government would scrutinize the deal. Heat pumps, which use electricity and ambient air or groundwater, are considered far more efficient than traditional combustion furnaces. The sale of Viessmann’s “climate solutions” business, announced by both companies late Tuesday, comes as Germany is putting into place plans to phase out gas and oil heating systems in favor of climate-friendly alternatives. as part of a 12 billion-euro ($13.2 billion) deal. BERLIN (AP) - Germany’s Viessmann Group is selling its heat pump business, viewed as a key technology for the transition away from fossil fuel heating, to Florida-based Carrier Global Corp.
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