Heat Pumps Are The Newest Tool In Combating Climate Change
Portfolio Pulse from Upwallstreet
Heat pumps are seen as a key tool in combating climate change, with Terravis Energy, a subsidiary of Worksport Ltd (NASDAQ:WKSP)(NASDAQ:WKSPW), and Panasonic Holdings Corporation (OTC:PCRFY) developing new products. Terravis has increased its R&D commitment to its cold climate heat pump due to expected large-scale growth in North America and globally. Panasonic has unveiled a new central heat pump system that promises up to 300% greater efficiency and potentially 30% energy savings. Other companies, including Samsung and Bosch, are also investing in heat pump technology.
October 24, 2023 | 6:07 pm
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Panasonic has unveiled a new central heat pump system that promises up to 300% greater efficiency and potentially 30% energy savings.
Panasonic's new heat pump system could position the company as a leader in the heat pump market, potentially driving increased sales and revenue.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Worksport's subsidiary Terravis Energy is increasing its R&D commitment to its cold climate heat pump, anticipating large-scale growth in the market.
The increased R&D commitment by Terravis Energy, a subsidiary of Worksport, indicates a strong belief in the potential of the heat pump market. This could lead to new product developments and potential revenue growth for Worksport.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90