Geothermal, Hydropower

Conergy AG to Produce Heat Pumps

Conergy AG is getting into production of heat pumps by taking over Gustrower Maschinenbau GmbH (GMB) to offer its future customers technology for regenerative energy solutions. Heat pumps use energy from ambient air, water, and the earth to produce warmth that can be used for heating purposes.

“The demand for this regenerative system technology will quadruple worldwide over the next few years in view of increasing costs for oil and gas. Currently, the market for heat pumps in Germany is growing by more than 100 percent. With our product innovations as well as Conergy’s sales channels in 22 countries, which are close to the customer, we will consistently develop this market potential,” saids Dr. Joachim Schreier CEO and founder of Conergy AG. With this system technology for the combined utilization of geothermal and solar heat, homeowners can reduce their annual heating costs compared to conventional natural gas or oil heating and even become independent of fossil fuels.