We’ve entered the era of the heat pump.
Heat pumps are appliances that can cool and heat spaces using electricity. Many buildings today are still heated with fossil fuels, specifically natural gas. Switching to electric heat pumps that run on renewable energy could help homes, offices, and even manufacturing facilities cut their emissions dramatically.
While heat pumps have been used in buildings since the mid-20th century, the technology is breaking through in a new way. Global sales of heat pumps grew by 11% in 2022, the second consecutive year of double-digit growth, though that rate may have slowed in 2023. Europe saw the most dramatic shift, with a 40% growth in heat pump installations through 2022, largely driven by the energy crisis stemming from the Russia-Ukraine war and by efforts to move away from natural gas.
