Heat pump maker warns Europe’s market is in ‘structural’ slump
President of Japan’s Daikin says sales of some units have only been one-third of predicted levels
Related reading
Heat pump sales jump as consumers recoil at high fossil fuel prices
High demand for units in Europe suggests green technologies benefiting from energy price surge due to Iran war
Heatwaves test Europe’s electricity system as air conditioning use soars
Record temperatures have also forced temporary shutdowns at power plants
The lessons of Europe’s upside-down power market
Negative electricity prices highlight need for policy reform
European industry grapples with shift to green power for factories
Thyssenkrupp among companies linking directly to renewable sources to meet climate goals and control energy costs
Honda slumps to first annual loss on near-$10bn EV charge
Japan’s second-biggest carmaker reports worse than expected result but forecasts return to profit this year
Siemens Energy orders hit record on ‘enormous’ data centre demand
German maker of gas turbines says rapacious need for electricity to power AI boom drives sales