A UK energy firm has struck a deal that it says will significantly reduce the cost of heat pumps. Octopus Energy has made a controlling investment in heat pump manufacturer Renewable Energy Devices (RED).
It said that, as a result, it was looking to make heat pumps that are “quiet, highly efficient” and come in a range of sizes to fit different UK homes.
The company said: “When bought with the government’s new Boiler Upgrade Scheme, they will cost about the same as a gas boiler.
“By scaling production, the partners are planning to bring costs down even further, with a view to eliminating the need for government support over time.”
