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...A number of countries have backtracked on green plans — such as Germany watering down its ban on gas boilers — leaving investors nervous about policy changes....
...It said domestic boilers accounted for about 18 per cent of the country’s CO₂ emissions in 2021....
...Henrik Hansen, Vaillant’s UK managing director, has overseen a two-year, £50mn investment to convert the building into a factory to produce the German company’s Arotherm heat pump....
...The new system set to launch in April would force big boiler companies to ensure heat pumps account for 4 per cent of their total boiler unit sales, or be penalised £3,000 for every item by which they fall...
...And yet their portfolio companies can still become embroiled in social and environmental scandals....
...Lawrence Summers, former Harvard president and ex-Treasury secretary, joined the advisory board of Palmetto, a clean energy technology company....
...Potential solutions, such as burning hydrogen or capturing carbon, are almost by definition more expensive than existing gas-fired boilers....
...It has also delayed by nine years the planned ban on oil and LPG-fired boilers, used by off-grid rural homeowners that was due to come into effect by 2026....
...; and relaxed plans to phase out gas-fired boilers from 2035....
...This was 2 percentage points below its previous guidance, which Hartung said the company was now only expecting to reach in “one or two” years....
...US company Natural Hydrogen Energy has drilled an exploratory well in Nebraska. “It will take a couple of years to ramp up to commercial production,” said Viacheslav Zgonnik, chief executive....
...Ministers are consulting on the 2026 ban on new oil boilers as part of the UK push towards net zero carbon emissions by 2050....
...US and European engineering companies have warned that a German bill to replace gas boilers with heat pumps contains provisions that violate the principles of the EU single market....
...Heat pumps are vastly more efficient than gas boilers. They can produce three to four times as much heat energy per kilowatt hour of electricity used....
...Car companies will also still be subject to new rules requiring them to ensure a certain percentage of new cars they sell in the UK are emission-free....
...In September, the government delayed the UK’s planned ban on the sale of new petrol and diesel cars from 2030 to 2035, and also weakened measures to get households to move away from gas-fired boilers for...
...The German government also this month weakened its controversial plan to get rid of gas boilers by next year....
...Homeowners with elderly boilers may be tempted to replace them with a similar model, in the hope that hydrogen might come their way....
...The UK-based energy retail, generation and software company now values itself at $7.8bn, up from $4.6bn in 2021....
...The UK has abandoned plans for a trial to test hydrogen as a replacement fuel in gas-fired boilers, in the latest setback for its prospects of taking a larger role in domestic heating....
...The government plans to fine companies from next year unless they meet stringent quotas for heat pump production and installation. But bosses are lobbying Whitehall to delay and amend the plans....
...But will it be able to avoid scrutiny over the behaviour of its users as a public company?...
...The committee also flagged key areas of concern, including the delay and inclusion of exemptions in a scheme to phase out fossil fuel boilers....
...Google has been piloting ways to reduce energy usage from its data centres when electricity grids they rely on face capacity constraints, including during heatwaves and winter storms in Oregon, Nebraska...
...There are long-term questions about the company given the slow shift from gas boilers, but a heat pump dominated Britain looks some time away....
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