Johnson Controls Acquires Norwegian Heat Pumps Maker - Modern Distribution Management

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Johnson Controls Acquires Norwegian Heat Pumps Maker

Based in Lysaker, Norway, Hybrid Energy AS is a provider of high-temperature energy management solutions.
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Global building products manufacturer Johnson Controls announced Jan. 13 its acquisition of Hybrid Energy AS, a manufacturer of heat pumps based in Lysaker, Norway. Financial terms of the transaction were not disclosed.

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Founded in 2004, Hybrid Energy AS is a provider of high-temperature energy management solutions specializing in heat pumps for district heating and industrial processes. Hybrid Energy’s technology will deliver cost-effective solutions while addressing decarbonization and sustainability efforts in Europe and beyond, according to a news release.

“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,” Claude Allain, president of Johnson Controls HVAC/R and data centers, said. “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’s solutions can achieve temperatures greater than 100 degrees Celsius using ultra-low-global warming potential natural refrigerants, the release said. 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, according to Nordic Technology Group AS CEO Rune Rinnan.

“With many countries diversifying energy sources, now is the time for clean energy technologies to become available for use on a global scale,” Rinnan said. “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.”

See MDM’s Investment Bank Directory for a rundown of the key investment banks and advisory firms in the distribution sector.

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