Viessmann pledges €1bn for heat pumps and green solutions

GERMANY: Viessmann claims it will commit €1bn about the next 3 several years to prolong its warmth pump and green weather remedies portfolio.

The announcement comes soon after the Allendorf-dependent producer noted history revenues in 2021 of €3.4bn, up 21% on the preceding 12 months. The expansion was pushed by a 41% leap in demand from customers for warmth pumps.

The business claims the investment decision will help it to increase its production footprint, R&D labs and inexperienced option presenting portfolio, particularly in warmth pumps.

“Unprecedented geopolitical developments have to have unparalleled replies,” mentioned Viessmann Team CEO Max Viessmann. “We all need to have far more speed and pragmatism in buy to combat local climate modify and to re-consider vitality technology and use of tomorrow, in buy to improve Europe’s geopolitical independence. As a result, we are now accelerating our growth with committed investments in warmth pumps and green local climate answers.”

The group’s general expansion in 2021 was mainly pushed by its major company place Local weather Options where the change in the direction of integrated climate answers ongoing to spend off. A considerable milestone is mentioned to have been the launch of Viessmann’s One particular Base, a new integrated system of Viessmann’s local weather options. This contains heat pumps with “natural” refrigerants, district heating, solar thermal heating, property battery storages, biomass solutions, inexperienced gases and fuels, to air flow alternatives, and electronic and benefit-included services.

The Refrigeration Alternatives business is also said to have contributed positively to the group’s robust improvement in 2021, in particular by the wise mix of refrigeration, local climate and building automation alternatives as very well as set up and following revenue expert services. Expansion was noticed specifically in food stuff retail, indoor farming and wellbeing care apps. 

Viessmann highlights an value of its heat-pump-based mostly clever cooling methods to equally produce the required refrigeration ability as effectively as offer the air conditioning for the developing.

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