Johnson Controls Acquires Hybrid Energy
Enhances industrial heat pump portfolio
CORK, Ireland — Johnson Controls announced that it acquired Hybrid Energy AS, a provider of high-temperature energy management solutions with a focus on heat pumps for district heating and industrial processes. The technology of Hybrid Energy will provide new, cost-effective solutions to customers while addressing decarbonization and sustainability efforts in Europe and beyond.
"It's an exciting time in our industry as we come together to bring the next generation of safe, sustainable energy management technologies to market," said Claude Allain, president, Johnson Controls HVACR and data centers. "Hybrid Energy is well positioned in its ability to deliver extremely high-temperature process heating while maintaining energy efficiency and with the reach and resources of Johnson Controls, we will be able to solve the challenges of more customers. As we help reduce the energy consumption in buildings, our customers will benefit from a single, trusted source for heating solutions."
Hybrid Energy, based in Lysaker, Norway, will add to the ability of Johnson Controls to address high-temperature heating requirements with a hybrid heat pump as its core. Through patented technology, Hybrid Energy solutions can achieve temperatures greater than 100°C using ultra-low-global warming potential natural refrigerants. With rapidly increasing market potential, solutions such as those of Hybrid Energy will help the European Union reduce greenhouse gas emissions 55% by 2030 and achieve the Green Deal of being climate neutral by 2050, all while reducing reliance on fossil fuels.
"With many countries diversifying energy sources, now is the time for clean energy technologies to become available for use on a global scale," said Rune Rinann, chief executive officer of Nordic Technology Group AS. "Between Hybrid Energy's unique heat pump technologies, the reach and capability of Johnson Controls and the collective brain power from both, we'll help advance a sustainable future by setting the standard for high-temperature industrial heat pumps."
Financial terms of the transaction were not disclosed.
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