Carrier Global Corp Invests in Heat Geek to Transform Heat Pump Adoption in Europe

On March 17, 2026, Carrier Global Corporation (NYSE: CARR), a recognized leader in intelligent climate and energy solutions, announced a significant strategic investment through its venture group, Carrier Ventures, in the innovative UK-based startup, Heat Geek. This investment aims to accelerate the adoption of residential heat pumps across Europe, an increasingly critical aspect of energy efficiency and sustainability.

Heat Geek operates a cutting-edge digital sales platform designed to streamline the process for homeowners seeking to install heat pumps. The platform connects users with Heat Geek-certified local installers, who are equipped with advanced AI-powered tools to tailor the most efficient heat pump systems to individual homes. This homeowner-centric approach supports an end-to-end process that encompasses system design, quoting, financing, grants, and installation.

As Europe makes a notable shift from traditional gas boilers to electric heat pumps, the ability for homeowners to find qualified installers becomes paramount. Carrier's investment in Heat Geek aligns with its strategic objective of enhancing electrified heating solutions throughout Europe, ultimately facilitating the adoption of high-efficiency heat pumps among households.

This partnership yields mutual benefits: homeowners gain simplified access to professional installers who can effectively design and implement heat pump systems, while Carrier stands to gain from Heat Geek's robust certified training program. This initiative is expected to cultivate a growing network of skilled installers across the UK and broader European market.

"Accelerating the shift to heat pump technology requires both innovation and a strong professional ecosystem," stated Thomas Heim, President of Climate Solutions Europe at Carrier. "Heat Geek is building an innovative platform that supports skilled installers and raises the standard for system design and installation. Strengthening this ecosystem will be key to scaling electrified heating across Europe, particularly in fast-growing markets like the UK."

Aadil Qureshi, Co-Founder and CEO of Heat Geek, expressed enthusiasm about the partnership, stating, "We are proud to welcome Carrier as an investor. Our mission is to raise the bar for residential heat pump adoption by empowering the UK and Europe's most committed installers through collaboration, education, and digital enablement. This partnership supports our continued growth and long-term vision."

Carrier's investment in Heat Geek underscores its commitment to fostering innovation in the climate solutions sector. The collaboration is expected to not only enhance the accessibility of high-efficiency heating systems but also contribute to the broader objective of reducing carbon footprints and promoting sustainability across Europe. As the market for electrified heating solutions continues to expand, this strategic partnership positions both Carrier and Heat Geek at the forefront of a vital industry transition.

For more information about Carrier Ventures' portfolio companies, interested parties can visit Carrier's official website at carrier.com.

Carrier Global Corporation remains dedicated to creating innovations that bring comfort, safety, and sustainability to life, continuing its legacy since the invention of modern air conditioning in 1902. With a focus on enhancing lives, empowering critical industries, and ensuring the safe transport of essential goods, Carrier is committed to improving the world we share.