The largest heat pump installer in Germany, ThermondoOffer to purchase his new installment, a renowned international partner has secured $ 50 million for the initial LOAN amount from the bank to support Flex.
Financing will enable about 1,600 families across the country to install the heat pumps without facing the front expenditure, which is a step aim to accelerate German residential energy transfer. Thermondo investors include Brookfield, Future Energy Ventures, HV Capital, Vorwork, Rocket Internet and 10x.
“In order to change energy, we need to solve financing that works for each of us“Comment Jason GoldsteinVP strategic meaning in thermondo, ”Our banking partner recognizes the future prospects of the hit pump and supports us in the installment of homeowners to give affordable switches. The possibility of these national financing models will help the consumer behavior directly towards decorbonized heating solutions. Because heating replacement is not just the question of technology, but also the financial potentialThe ”(Translation)
Established in the 21st, thermondo has become a central player in re-constructing the heating systems for Germany’s single-and two-family home. With more than a thousand staff forces – more than 600 permanent traders – the company has installed more than 5,000 heat pumps with more than 5,000 heat pumps today. This latest financing system will allow the Clintech company to supply a flexible, customer -centric heating upgrade on a scale.
The thermondo Photovoltike supplier achieved Fabisol in April 2024, which expanded to reach solar solutions.
Under the thermondo flake model, homeowners can choose a 15 year installment plan to pay for the hit pump system instead of a large advance investment. The offer has a specific annual effective interest rate of 6%on the average average of the monthly payment before the state subsidy.
Homeowners are eligible for maximum level of funds – up to 70% – if they use the subsidy for initial payment, the menstrual spending can be reduced below € 100.
The full financing process, including advice, contracts and customer service, is operated by thermondo at home, customers retain the ownership of the equipment installed from the first day.
The € 50 million dollar facility is provided by an anonymous large international partner bank, and the special purpose of thermondo is structured through vehicles (SPV), the responsibility of the via the responsibility of the company separates from the company’s main business.
These SPVs receive advance payment from the bank on the basis of customer financing agreement, while the customer is used to pay the bank loan over time over time. Thermondo says that this approach allows them to handle the cash flow more efficiently and to make its service offer without the strain of the balance sheet.
Is appropriate in time. According to the Federal Association of the German Heating Industry (BDH), the sale of hit pump in Germany has increased to 2025 in 1 Q1 in the previous year. Despite the increase in this demand, an affordable critical barrier remains. A recent Danef survey indicates that up to 30% of German homeowners lack financial means to transfer cleaner heating technology.
The model of this financing is to meet the target interval of thermondo. This initiative not only combines with government goals for residential heat, but also extends access to climate-friendly technology for low-income families.
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