Energie: Dank Wärmepumpen-Boom: Thermondo schreibt erstmals schwarze Zahlen

Düsseldorf - Wärmepumpen have driven Thermondo, a Berlin-based heating company, to first post-profitable financial results since its founding, according to the latest earnings report. For the entire year, Thermondo anticipates a twelve million euro operating profit and a record 275 million euro revenue. The company projects that the number of installed heat pumps could reach 8,000 by year-end, effectively doubling the number of furnaces built in just two years.

Thermondo CEO Felix Plog attributes this success to disciplined cost-cutting and a clear strategic focus. He expects continued strong growth driven by favorable policy incentives and accelerating adoption of heat pumps. The German government's new Building Modernization Act, passed in early July, aims to phase out subsidies for gas and oil heating while transitioning to climate-neutral fuels by 2045.

Currently, heat pumps account for more than half of all heating installations in Germany, with nearly half of all apartments still heated with gas, and over three-quarters of new buildings opting for heat pumps as the primary heating method. Thermondo's turnaround came after the 2024 energy crisis forced the company to focus exclusively on heat pump installations, marking a significant shift from its previous product offerings.

The company has since reduced installation costs, increased efficiency through improved processes, and gained efficiency by utilizing materials more effectively. Thermondo's new tech platform, developed by the CEO, allows customers and partner businesses to access knowledge and implement changes more quickly. This platform has enabled Thermondo to rapidly integrate new subsidy conditions following the government's announcement in July, with customer inquiries being processed two days after publication.

While growth is currently driven by heat pump sales and installations, the company's long-term outlook remains positive as it transforms into a digital cleantech provider, competing with other major players like Enpal and 1Komma5 Grad.