- Enpal aims to become heat pump market leader in Germany
- More heat pumps sold in the first quarter of 2024 than in the entire year 2023
- Multi-million investments in heating transition to create over 1,000 additional jobs
- Core solar business above plan with increasing market share in a shrinking overall market
Berlin, April 11th 2024 – Enpal, Germany’s leading system integrator for renewable energy solutions, aims to become the market leader for heat pumps. At the same time, Enpal is expanding its market leadership in solar energy and has further increased its market share in a shrinking solar market.
The company will invest a three-digit million sum in the new business area this year. In the first quarter alone, a double-digit million sum has already been invested in product development and the expansion of sales and installation.
„We have invested massively in the heating segment, in our intelligent energy manager Enpal.One and in the cheapest electricity tariff in Germany, even deliberately deprioritising profitability in the first quarter,“ says Mario Kohle, founder and CEO of Enpal. „Now is the time to grow heat pumps as strongly as we have grown solar in the last two years.“
Enpal is targeting a turnover of 1 billion euros in the heating sector by 2026. On an annual basis, Enpal is already selling 5,000 heat pumps at the current rate. In March, 400 heat pumps were sold, three times as many as in January. In the first quarter Enpal sold more than 1,000 heat pumps, more than in the whole of last year.
Enpal is also expanding its existing in-house Enpal Academy to train and educate even more installers and specialists in the field of heat pumps. Launched in 2020, the Enpal Academy has since become the largest training centre for the solar industry in Europe. Enpal has now created well over 1,000 jobs in the solar trade and plans to create a further 1,000 jobs in the heat pump sector throughout Germany this year alone.
Enpal will intelligently network the heat pump with the solar system and integrate it into the electricity market. Enpal is investing several million euros in the technological development of the Enpal.One energy management platform and in the construction of a virtual power plant (VPP). More than 100 specialists in IoT, data science and machine learning will be recruited by the end of the year.
Enpal’s existing core solar business is also ahead of plan in terms of installed systems, revenue and profitability. In the recently shrinking market for solar roof systems, Enpal increased its market share in terms of installed systems. Customer enquiries increased by 20% in March, also thanks to the new Enpal.One energy management platform and the most favourable electricity tariff in Germany. Enpal Easyflex financing is already a success model shortly after its launch.
„Our customers know it: The combination of solar system, heat pump and intelligent energy management is unbeatable when it comes to saving energy costs, avoiding CO2 and being prepared for a sustainable future,“ says Mario Kohle. „We will continue our successful course in climate technology and grow strongly and profitably in solar and heating this year.“
About Enpal
Enpal is Germany’s greentech unicorn and a pioneer in the residential energy transition, offering a comprehensive, integrated renewable energy solution to German homeowners. Profitable since 2022, the company holds a leading position in the German residential solar market, selling several thousand new energy systems every month. Enpal’s product offering consists of a solar system, energy storage system, EV-charging station, heat pump and the Enpal energy management platform, an intelligent combination of hardware and software designed to optimize system performance and long-term customer savings. Founded in 2017, Enpal has digitized and revolutionized the purchase of green energy for a fossil-free home with its rental model and flexible, no-down-payment purchase option. Our climate-friendly renewable energy community currently comprises more than 60,000 Enpal-equipped households. Enpal’s investors include some of the world’s largest impact and technology investors, such as TPG Rise Climate, Softbank Vision Fund II, Princeville Climate Technologies, HV Capital, Activate Capital and The Westly Group.
Source: corporate.enpal.com