# Stiebel Eltron invests €450M to quadruple heat pump output in Holzminden

Stiebel Eltron plans to invest 450 million euros in its Holzminden main plant to quadruple heat pump production capacity and roughly triple industrial jobs to about 1,200 by 2027.

- Type: Expansion
- Announced: 2023-04-24
- Where: Holzminden, Lower Saxony, Germany
- Value: $495.0M (450.0M EUR)
- Jobs: 800
- Status: announced
- Capacity: Heat pump production capacity quadrupled
- Products: heat pumps
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Stiebel Eltron](https://endata.com/companies/3162.md)

## Sources

- [pv-magazine.de](https://www.pv-magazine.de/2023/04/24/stiebel-eltron-investiert-450-millionen-euro-in-massiven-ausbau-der-waermepumpen-produktion-im-stammwerk/), 2023-04-24: "Dafür wolle es 450 Millionen Euro in sein Stammwerk in Holzminden investieren."
- [archiv.nw-ihk.de](https://archiv.nw-ihk.de/2023/04/stiebel-eltron-baut-waermepumpen-produktion-massiv-aus-800-neue-jobs-fuer-holzminden/), 2023-04-24: "Dafür investiert das Unternehmen insgesamt 450 Millionen."
- [immittelstand.de](https://www.immittelstand.de/2023/04/24/neue-jobs-in-deutschland-stiebel-eltron-verdreifacht-industrie-arbeitsplaetze/), 2023-04-24: "Die Vorbereitungen für die Bauarbeiten haben bereits begonnen."

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