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Buying spree, which was third-strongest monthly figure since 2021, came even as investors exited tech
...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....
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...The deal positions Carrier to profit from the energy transition in Europe, where governments are subsidising heat pumps, the company said....
...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...
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...The UK has also dithered on another big heat pump barrier: relatively high electricity prices. Heat pumps are vastly more efficient than gas boilers....
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...Northern Gas Networks said in its accounts in August that the “most likely scenario” for the company is an overall 46 per cent fall in gas transported through its network by 2050....
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...Investment bank PJT Partners and law firm Weil, Gotshal and Manges have been appointed as financial and legal advisers to the committee....
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...“More recent trends give cause for concern that competition is still not working well in this market to hold down pump prices,” she added....
...The company did not say how much the measure would cost it....
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