Hometree Acquires IMS Heat Pumps

UK: Hometree, the residential energy services company, has acquired Perth and Sheffield based renewable energy installer IMS Heat Pumps. With demand set to surge for renewable energy installations, Hometree is focusing to accelerate the change from gas boilers to heat pumps and other renewable forms of technology across the UK. As the UK is expected to phase out gas boilers in new homes by 2035, many homeowners are investing in renewable energy sources such as heat pumps, solar panels, and electric batteries. Hometree is capitalizing on the transition to renewables by acquiring IMS Heat Pumps, which has been pioneering heat pump installations in England and Scotland since 1997.