Heat pumps, a sort of reverse-refrigerator used for warming properties, will not be the kind of tech that will get most traders scorching and bothered. They had been, in any case, invented in 1856. Harald Combine and Carl-Erik Lagercrantz, two Swedish financiers, see issues in a different way.
The pair, whose funding group Vargas is behind Northvolt, a battery maker, and H2 Inexperienced Metal, which makes use of inexperienced hydrogen to supply metal, sense there are large bucks in changing Europe’s many oil and fuel boilers with warmth pumps. Earlier this yr Aira, an organization based by Vargas, launched a brand new product that it hopes will entice extra folks to make the change. It’s not solely income which can be at stake.
