# Viessmann pledges EUR 1B investment in heat pump manufacturing

Viessmann will invest EUR 1 billion over the next three years in the manufacture of heat pump systems and green climate solutions, including automated smart controls, to address global concerns about rising fossil fuel costs and energy efficiency.

- Type: Investment
- Announced: 2022-05-06
- Where: Germany
- Value: $1.05B (1.00B EUR)
- Status: announced
- Products: heat pump systems, green climate solutions, automated smart controls
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Viessmann Group](https://endata.com/companies/7887.md)

## Sources

- [hvnplus.co.uk](https://www.hvnplus.co.uk/news/viessmann-pledges-e1bn-investment-in-heat-pump-manufacture-06-05-2022/), 2022-05-06: "We all need more speed and pragmatism in order to fight climate change and to re-think energy generation and use for tomorrow, in order to strengthen Europe's geopolitical independence."
- [phpionline.co.uk](https://phpionline.co.uk/news/viessmann-group-to-invest-eur-1-billion-in-heat-pumps-and-green-technologies/), 2022-05-11: "Our historic investment decision comes at a time where we build the right foundation for the next 105 years."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.