Swedish heat pump startup plans to wean Europe off gas

Buildings produce about a third of carbon emissions in Europe, where the boiler is dominant in many countries. — Bloomberg

OSLO: Not many product launches start with a declaration of war. But for Aira, a heat pump manufacturer and installer created last year by Swedish private equity firm Vargas, the gloves are off.

“The boiler is the enemy,” Daniel Särefjord, chief executive officer of Aira UK, proclaimed as he debuted the company’s first proprietary heat pump in London last week. “That’s the only enemy we have.”