Although heat pumps are a well-established technology, they are making quite a progress in their contribution to action against climate change as they are promising to decarbonize homes, buildings and even manufacturing by both heating and cooling spaces by using electricity. While they have been used since the mid-20th century, the technology has been evolving in many ways to aid facilities cut their emissions dramatically.
Although China and Japan together make up more than half of new patents filed on heat pump technology since 2010, and Mitsubishi Corporation MSBHF being among the key players, North-America-based Worksport Ltd WKSP subsidiary Terravis Energy Inc just announced a breakthrough in early test results for its working prototype of its Cold Climate, Air Source Residential Heat Pump (CCHP).
Worksport-Backed Terravis Promises To Outperform Current CCHP Performance
Traditional CCHP units perform at temperatures of approximately -25ºC. Worksport and Terravis developed a prototype that surpasses commercial units by as much as 40% as test showed that their heat pump produced heating in temperatures as cold as -35ºC at the company’s Toronto R&D facility. Fueled by these optimistic results, Worksport and Terravis will be moving on to the commercial design stage for this product after further rigorous testing.
With this notable achievement in modern engineering, Worksport and Terravis promise ot redefine the boundaries of clean heating technology.
Mitsubishi To Replace Conventional Boilers
Also today, Mitsubishi debuted its residential air-to-water heat pumps. With its monobloc Hydrolution EZY, Mitsubishi unveiled a monobloc air-to-water (ATW) heat pump that can replace conventional boilers in both new and existing buildings. Equipped with an unspecified improved anti-vibration technology, Mitsubishi promises its newest heat pump is able toproduce domestic hot water up to 60 C when outdoor temperatures reach -25C.
Despite Challenges, The Heat Pump Era Seems To Be On The Horizon
With many buildings still being heated with fossil fuels, especially natural gas, heat pumps promise to be a real game changer. Worksport and Terravis promise to conquer the harshest North American winter with their groundbreaking technology, promising comfort and reliability in the most severe conditions.
New technologies are pushing the existing limitations of heat pumps that are now becoming able to evolve to not only power homes and offices, but also clean up industrial manufacturing. In total, heat pumps have the potential to cut global emissions by 500 million tons in 2030, which equates to pulling all cars in Europe off the roads today. But, there are challenges on the way towards ramping up production to meet the global demand and ensuring that the electrical grid is able to support all these new technologies that aim to combat climate change. Mitsubishi Electric called for state and industry support for the heat pump market to continue to grow but all signs indicate that heat pump era is on the horizon.
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.