Catalyst with Shayle Kann10 Nov 2022

Unleashing the magic of heat pumps

What’s not to love about heat pumps? Well… a few things, actually. Don’t take this the wrong way: Heat pumps are magic. They heat. They cool. They’re way more efficient than gas boilers. Switching to one can save a household hundreds of dollars in energy bills and lots of carbon emissions. It's why governments are incentivizing and requiring them. But heat pump adoption has slowed nationally. It’s even declined in colder regions. What‘s holding it back? In this episode, Shayle talks to his colleague Andy Lubershane, managing director for research and innovation at Energy Impact Partners, a climatetech venture capital firm. Andy and Shayle talk about the state of heat pump technology and what we need to fix to speed up adoption. They cover topics like: The relatively high upfront costs and messy customer journey to installation What mass adoption would do to peak demand on the grid in cold climates How heat pumps dramatically ramp up electrical load in a typical home and on the grid Heat pumps powered by natural gas or hydrogen Plus, why Andy would be a great early adopter for any company that wants to pitch Shayle on solving these problems. Recommended Resources: US Department of Energy: Residential Cold Climate Heat Pump Challenge Canary Media: Heat pumps now required for new homes in Washington state Canary Media: One weird trick to make heat pumps boom Canary Media: Will tough standards for heat pump tax credits hurt adoption? Canary Media: Window heat pumps will help electrify New York City’s apartments Catalyst is a co-production of Post Script Media and Canary Media. Catalyst is supported by Scale Microgrid Solutions, your comprehensive source for all distributed energy financing. Distributed generation can be complex. Scale makes financing it easy. Visit scalecapitalsolutions.com to learn more. Catalyst is supported by CohnReznick, a trusted partner for navigating the complex and evolving financial, tax and regulatory landscape of the renewable sector. Visit cohnreznick.com to learn more.

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