Stuttgart, Germany, and Wałbrzych, Poland – WEBWIRE – Thursday, April 20, 2023
Heat-pump technology is a European success story that we want to continue.
Investments of more than 1 billion euros by the end of the decade
- Bosch has invested heavily in expanding its European heat-pump development and manufacturing network since 2018.
- New manufacturing site planned in Poland, with construction to start in 2024.
- Heat-pump development capacity in Germany has been significantly expanded since 2019.
- 30 million additional heat pumps are to be installed in the European Union by 2030.
Heat pumps are a key technology for achieving the European climate targets in the building sector. Owing to significantly increased demand, Bosch has been investing heavily in expanding its European heat-pump development and manufacturing network since 2018. To keep the ramp-up of heat pumps running at the required speed, Bosch intends to step up its investments. Heat-pump technology is a European success story that we want to continue. At the same time, we are helping to decarbonize the more than 200 million buildings in Europe. For this purpose, we will be investing more than 1 billion euros by the end of the decade, says Christian Fischer, the deputy chairman of the Bosch board of management who is responsible for the companys Energy and Building Technology and Consumer Goods business sectors. Of this amount, some 255 million euros will go into a new heat-pump manufacturing site in Dobromierz in Lower Silesia, roughly 70 kilometers from Wrocław, by the end of 2027. Construction work is to start in 2024. Start of production is scheduled for the end of 2025/start of 2026. Some 500 new jobs are to be created by 2027.
Heat-pump technology is a European success story that we want to continue. At the same time, we are helping to decarbonize the more than 200 million buildings in Europe. For this purpose, we will be investing more than 1 billion euros by the end of the decade,
says Christian Fischer, the deputy chairman of the Bosch board of management who is responsible for the companys Energy and Building Technology and Consumer Goods business sectors.
Bosch will also be strengthening its existing European locations: at the Bosch Groups oldest location in Eibelshausen in Germany, for example, the new year will see the start of production of the indoor units for an especially quiet and eco-friendly heat pump that runs on the natural refrigerant R290 (propane). Furthermore, Bosch has significantly expanded its development capacity in Germany since 2019. Overall, the number of models in its heat-pump portfolio has doubled, with existing models being modified or updated. Apart from Eibelshausen, Bosch also develops and manufactures heat pumps in Aveiro, Portugal, Trans, Sweden, and Wernau, Germany. In Israel, moreover, Bosch is part of a joint venture for reversible heat pumps with Electra Industries.
European heat-pump market growing exceptionally fast
Heat pumps are a major growth driver for the Bosch Home Comfort Group (formerly Bosch Thermotechnology). Globally, its heat-pump sales grew 54 percent in 2022. For the European heat-pump market as a whole, annual growth of roughly 20 percent is forecast between now and 2025. Over the current decade, 30 million additional heat pumps are to be installed in the European Union. In the European Union, we expect growth in this very dynamic environment to be exceptionally high, and have set ourselves the target of growing significantly faster than the market. Together with our existing plants in Europe, the new plant in Poland will helps us achieve these growth targets, says Jan Brockmann, the CEO of the Bosch Home Comfort Group.
In the European Union, we expect growth in this very dynamic environment to be exceptionally high, and have set ourselves the target of growing significantly faster than the market. Together with our existing plants in Europe, the new plant in Poland will helps us achieve these growth targets”
says Jan Brockmann, the CEO of the Bosch Home Comfort Group.
Heat pumps are especially suitable for new-builds. However, most of the housing stock in Europe is legacy buildings. This is why a diversified portfolio strategy is needed to achieve our climate targets, Brockmann says. Apart from heat pumps, hybrid units comprising a heat pump and a supplementary condensing boiler for peak loads can be an interim solution on the path to climate-neutral housing stock. They are especially suitable for older buildings where there is not enough capital available to completely refurbish the building envelope. The heat pump in a hybrid system is smaller in size, making it more affordable than a standalone heat pump. With this diversified portfolio strategy, we can achieve a transformation of our energy systems faster, and make it affordable for everyone, Brockmann adds.
Jan 27, 2023 | Business
Portland, OR – WEBWIRE – Thursday, January 26, 2023
New invitation-only Membership program first of its kind in the Green Investing sector at: https://invest.green/
Invest.Green today announced the launch of a new, Invitation-Only Membership Program designed to connect companies to current and potential investors with respect to environmental issues and information. There is growing demand from both groups, as they seek to harness the financial benefits which can be generated by superior environmental performance.
For Member companies, Invest.Greens innovative media and research platform provides a highly credible, third-party forum through which to tell their green stories to investors. Equally importantly, it also gives the companies the ability to connect with, learn from, and explore commercial opportunities with other Members. For investors, the Invest.Green platform provides valuable, proprietary insights and analysis designed to enhance their ability to both manage emerging investment risks and identify new opportunities. The site contains short format, easy-to-digest research pieces Green Research Bites, interviews with industry leaders, investors and green entrepreneurs and interactive online investor events. The content is all created and curated by a research team which has twice been rated No. 1 in the World for Green investment research.
In launching the new program, Invest.Green is proud to welcome its Founding Members: Toyota Motor North America and econnext. Toyota is the worlds largest automaker, and one of its strongest environmental performers. An innovative industrial holding company, econnext brings together some of Europes most influential families and institutional investors to establish, fund and scale promising Cleantech companies. Both Toyota and econnexts environmental strategies and achievements are profiled on the Invest.Green site.
Invest.Green co-founder and Executive Chairman Dr. Matthew Kiernan noted that: Our overall corporate mission is to democratize green investing and increase the overall flow of capital to opportunities which create both environmental and financial benefits. The addition of World-Class companies like Toyota and econnext takes us an important step closer to achieving those objectives.
Toyota, econnext, and future Members are offered the opportunity to have a page at Invest.Green dedicated to sharing news, insights and other coverage, as well as links to their own websites and investor relations resources. There will also be further content for investors provided by Invest.Green.
Toyota Motor North America group vice president of sustainability regulatory affairs Tom Sticker said: Toyotas sustainability goals include leaving no one behind when it comes to affordable, carbon-reducing transportation. Invest.Greens membership program allows us to find and connect with like-minded organizations and members of the investment community, as well as a platform to share stories that reflect our commitment to work with stakeholders across society in support of a cleaner, healthier and more sustainable future.
econnext has built a portfolio of subsidiaries which have the potential to significantly decarbonize every aspect of human life, our shareholders, including Dr. Nathalie von Siemens and Dr. Brigitte Mohn (Siemens and Bertelsmann Media), have funded that vision to date. We are delighted to collaborate with Toyota, Invest.Green and itsfuturemembers to institutionalize and scale the potential of Green Investing for People, Planetand Profit, said Michael Schneider, Co-CEO of econnext.
For more information, visit https://invest.green.
About Invest.Green
Invest.Green is a digital investor community where invited companies can become Members and share their Green stories with investors. That content is curated by Invest.Greens team which has created research twice ranked #1 in the World and was instrumental in creating the Green investment sector.
By providing proprietary, World-Class research to both individual investors and advisors, Invest.Greens mission is to accelerate the growth of the green investment space exponentially. This will create both financial benefits for individuals and environmental benefits for the entire planet.
About Toyota
Toyota (NYSE:TM) has been a part of the cultural fabric in North America for more than 65 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our more than 1,800 dealerships.
Toyota directly employs more than 48,000 people in North America who have contributed to the design, engineering, and assembly of nearly 45 million cars and trucks at our 13 manufacturing plants. By 2025, Toyotas 14th plant in North Carolina will begin to manufacture automotive batteries for electrified vehicles. With more electrified vehicles on the road than any other automaker, Toyota currently offers 20 electrified options, the most among any automaker, with more in showrooms later this year.
About econnext
Founded in 2016, the econnext Group is exclusively dedicated to supporting subsidiaries that have a long-term, profitable and scalable positive impact on society and the environment in line with the UN Sustainable Development Goals (SDGs). As the parent company, econnext holds majority stakes in autarq GmbH in Prenzlau (solar roof tiles), ESG Screen17 GmbH in Frankfurt (sustainability screening), GRIPS Energy GmbH in Berlin (renewable energy supply), Lumenion GmbH in Berlin (large-scale energy storage), Circular Carbon GmbH in Wrzburg (soil improvement using biochar as a CO2 sink) and FLAXTEC GmbH in Dresden (solar panel recycling and more).
Sep 1, 2022 | Business
Toyota Motor Corporation (Toyota) has decided to invest up to 730 billion yen (approximately $5.6 billion) in Japan and the United States toward supplying automotive batteries for battery electric vehicles (BEVs), for which demand is growing, and aims to begin battery production between 2024 and 2026. This investment is aimed at enabling Toyota to flexibly meet the needs of its various customers in all countries and regions by offering multiple powertrains and providing as many options as possible.
With this investment, Toyota intends to increase its combined battery production capacity in Japan and the United States by up to 40 GWh. By utilizing the Toyota Production System and building production lines that are more efficient than ever, Toyota also intends to further strengthen its competitiveness and invest in the training of personnel engaged in battery production and the passing down of monozukuri manufacturing skills.
In Japan, a total of approximately 400 billion yen will be newly invested in the Himeji Plant of Prime Planet Energy & Solutions Co., Ltd. (PPES) and in Toyota plants and property, while in the United States, approximately 325 billion yen (approximately 2.5 billion dollars) will be newly invested in Toyota Battery Manufacturing, North Carolina (TBMNC; owned 90% by Toyota Motor North America, Inc. and 10% by Toyota Tsusho Corporation) toward increasing automotive battery production.
Toyota intends to continue its efforts to build a supply system that can steadily meet the growing demand for BEVs in various regions, including the supply of automotive batteries from its partners.
Toyota believes that there is more than one option for achieving carbon neutrality. It also believes that the means of reducing CO2 emissions as much as possible and as quickly as possible while protecting the livelihoods of its customers vary greatly depending on the country and region. With such in mind, Toyota will continue to make every effort to flexibly meet the needs of its various customers in all countries and regions by offering multiple powertrains and providing as many options as possible.
Copyright ©2022 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Jan 28, 2022 | International
The Government of Canada is investing over $1.45 million in 38 Saskatchewan communities through the Municipal Asset Management Program (MAMP), delivered by the Federation of Canadian Municipalities (FCM). As Canada moves toward a strong recovery, these projects will help communities make data-driven decisions about key infrastructure and ensure long-term infrastructure performance.
Ottawa, January 27, 2022— From roads and buildings, to wastewater systems – strong asset management is key to building stronger communities. Municipalities of all sizes need tools and resources to make evidence-based decisions that support long-term asset management and build a healthier, safer and more prosperous future for all Canadians.
That is why the Government of Canada is investing over $1.45 million in 38 Saskatchewan communities through the Municipal Asset Management Program (MAMP), delivered by the Federation of Canadian Municipalities (FCM). As Canada moves toward a strong recovery, these projects will help communities make data-driven decisions about key infrastructure and ensure long-term infrastructure performance.
With funding from MAMP:
The Rural Municipality of Waverley No. 44 will complete an asset management program that will involve the physical inspection and evaluation of culverts and roadway assets. The program will include condition assessments, valuations, life-cycle analysis and projected replacement cost of each asset. The asset management plan will aid in decision-making when implementing asset maintenance and replacement programs and assist the Rural Municipality in future capital planning.
The Town of Porcupine Plain will set up an asset management framework that will include an updated policy and strategy, as well as development of a roadmap and plan to focus on road, water and sewer networks, and building asset classes. The Town will also train staff to improve in-house asset management capacity.
The City of Martensville will assess asset condition of roads, sidewalks & curbs, pathways, sanitary sewers, and storm water infrastructure and compile digitally existing assets condition information. The comprehensive drainage review will include development of a storm model for the city and the creation of the asset management program will provide a comprehensive plan to manage all asset classes and provide recommendations for the establishment and ongoing work of the city’s asset management program.
Further information on the 38 projects can be found in the backgrounder.
“Our municipal partners manage essential, complex pieces of infrastructure. Through the Municipal Asset Management Program, our Government is ensuring they have data-driven tools to get an accurate picture of the state of those assets. This enables them to make well-informed decisions now and for years to come, for the benefit of their residents.”
The Honourable Dominic LeBlanc, Minister of Intergovernmental Affairs, Infrastructure and Communities
“Our government is investing in infrastructure asset management projects that will help communities grow their local economy and improve residents’ quality of life. The funding Saskatchewan will receive from the Municipal Asset Management Program will help to manage municipal infrastructure and make stronger investment decisions based on reliable data which will shape their future.”
The Honourable Daniel Vandal, Minister of Northern Affairs, Minister responsible for Prairies Economic Development Canada, and Minister responsible for the Canadian Northern Economic Development Agency
“Across the country, communities of all sizes are gearing up for life post-pandemic. They’re working to enhance their infrastructure and natural assets so they can continue to have sustainable and reliable services to improve residents’ quality of life. Ensuring local governments have the right tools to make sound asset management decisions is one way we can help drive Canada’s economic recovery.”
Joanne Vanderheyden, President, Federation of Canadian Municipalities
The Government of Canada and the Federation of Canadian Municipalities announce support for 38 new asset management initiatives in communities in Saskatchewan amounting to $1,456,808.
The Municipal Asset Management Program (MAMP) is designed to help Canadian municipalities strengthen infrastructure investment decisions based on reliable data and sound asset management practices.
It provides asset management training, funding and information sharing to enable municipalities to access the data needed to plan effectively.
The $110-million program, delivered by the Federation of Canadian Municipalities and funded by the Government of Canada, has invested in more than 1063 municipal asset management projects.
As part of the Investing in Canada plan, the Government of Canada has invested over $969 million in more than 550 infrastructure projects in Saskatchewan.
Through the Investing in Canada Plan, the federal government is investing more than $180 billion over 12 years in public transit projects, green infrastructure, social infrastructure, trade and transportation routes, and Canada’s rural and northern communities.
Jean-Sébastien Comeau
Press Secretary and Communications Advisor
Office of the Honourable Dominic LeBlanc
Minister of Intergovernmental Affairs, Infrastructure and Communities
Cell: (343) 574-8116
Jean-Sebastien.Comeau@qpc-cpr.gc.ca
Contact