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Ideal Heating and Gledhill Awarded Government Funding to Accelerate Heat Pump Production
Nov 22, 2024•over 1 year ago
Contract Type
partnership
Manufacturing
Description
Ideal Heating, along with Gledhill, has received significant Government funding in the first funding award from the Government’s Heat Pump Investment Accelerator competition. The funding will enable increased production capacity of monobloc heat pump units, controls, and hot water cylinders to boost the UK’s energy security and support low carbon jobs.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months