Worksport Subsidiary Terravis Energy Announces Two Major Heat Pump Breakthroughs, Begins 20-Day Countdown
Worksport's subsidiary Terravis Energy has announced a groundbreaking heat pump technology breakthrough, with the global reveal scheduled for February 11, 2025. The new solution addresses two major market challenges by delivering exceptional performance in extreme weather conditions while maintaining affordability and efficiency.
The system features AI-powered adaptability that personalizes comfort settings for individual users. The innovation comes amid a growing heat pump market, with a projected Total Addressable Market of USD 290 billion in North America and USD 910 billion globally from 2022 to 2031, showing a 9.4% CAGR.
The technology aims to overcome traditional heat pump limitations in extreme temperatures, supported by significant government incentives including up to $8,000 in U.S. rebates and $10,000 in Canadian installations subsidies.
Terravis Energy, sussidiaria di Worksport, ha annunciato una rivoluzionaria innovazione nella tecnologia delle pompe di calore, con una presentazione globale programmata per l'11 febbraio 2025. La nuova soluzione affronta due importanti sfide del mercato, offrendo prestazioni eccezionali in condizioni climatiche estreme, mantenendo al contempo accessibilità ed efficienza.
Il sistema presenta un'adattabilità alimentata dall'intelligenza artificiale, che personalizza le impostazioni di comfort per ciascun utente. Questa innovazione arriva in un contesto di crescente mercato delle pompe di calore, con un mercato totale indirizzabile stimato in 290 miliardi di dollari negli Stati Uniti e 910 miliardi a livello globale dal 2022 al 2031, con un tasso di crescita annuale composto (CAGR) del 9,4%.
La tecnologia mira a superare i limiti tradizionali delle pompe di calore in condizioni di temperature estreme, supportata da incentivi governativi significativi, tra cui fino a 8.000 dollari di rimborso negli Stati Uniti e 10.000 dollari di sovvenzioni per installazioni in Canada.
Terravis Energy, subsidiaria de Worksport, ha anunciado un innovador avance tecnológico en bombas de calor, con una presentación global programada para el 11 de febrero de 2025. La nueva solución aborda dos importantes desafíos del mercado al ofrecer un rendimiento excepcional en condiciones climáticas extremas, manteniendo la asequibilidad y la eficiencia.
El sistema cuenta con una adaptabilidad impulsada por inteligencia artificial que personaliza las configuraciones de confort para cada usuario. Esta innovación surge en medio de un creciente mercado de bombas de calor, con un mercado total direccionable proyectado de 290 mil millones de dólares en América del Norte y 910 mil millones a nivel global desde 2022 hasta 2031, mostrando un crecimiento anual compuesto (CAGR) del 9,4%.
La tecnología tiene como objetivo superar las limitaciones tradicionales de las bombas de calor en temperaturas extremas, respaldada por incentivos gubernamentales significativos que incluyen hasta 8.000 dólares en reembolsos en los EE. UU. y 10.000 dólares en subsidios de instalaciones en Canadá.
테라비스 에너지는 웍스포트의 자회사로서 혁신적인 열펌프 기술 혁신을 발표했으며, 글로벌 공개는 2025년 2월 11일로 예정되어 있습니다. 이 새로운 솔루션은 극한의 기후 조건에서 뛰어난 성능을 제공하면서도 경제성과 효율성을 유지하여 두 가지 주요 시장 과제를 해결합니다.
이 시스템은 개별 사용자에 맞춰 편안함 설정을 개인화하는 AI 기반의 적응성 기능을 갖추고 있습니다. 이 혁신은 성장하는 열펌프 시장의 한가운데 등장했으며, 2022년부터 2031년까지 북미에서 2,900억 달러, 전 세계적으로 9,100억 달러에 달하는 총 주소able 시장이 예상되며, 연평균 성장률(CAGR)은 9.4%에 달할 것으로 보입니다.
이 기술은 극한의 온도에서 기존 열펌프의 한계를 극복하는 것을 목표로 하며, 미국에서는 최대 8,000달러, 캐나다에서는 최대 10,000달러의 설치 보조금을 포함한 상당한 정부 인센티브에 의해 지원됩니다.
Terravis Energy, filiale de Worksport, a annoncé une avancée révolutionnaire dans la technologie des pompes à chaleur, avec une présentation mondiale prévue pour le 11 février 2025. La nouvelle solution répond à deux défis majeurs du marché en offrant des performances exceptionnelles dans des conditions climatiques extrêmes tout en maintenant l'accessibilité et l'efficacité.
Le système présente une adaptabilité alimentée par l'intelligence artificielle qui personnalise les réglages de confort pour chaque utilisateur. Cette innovation intervient dans un contexte de marché des pompes à chaleur en pleine expansion, avec un marché total adressable projeté de 290 milliards de dollars en Amérique du Nord et de 910 milliards de dollars dans le monde entre 2022 et 2031, affichant un taux de croissance annuel composé (CAGR) de 9,4 %.
La technologie vise à surmonter les limites traditionnelles des pompes à chaleur en conditions de températures extrêmes, soutenue par des incitations gouvernementales significatives, y compris jusqu'à 8 000 dollars de remises aux États-Unis et 10 000 dollars de subventions d'installation au Canada.
Terravis Energy, eine Tochtergesellschaft von Worksport, hat einen bahnbrechenden Fortschritt in der Wärmepumpentechnologie bekannt gegeben, dessen globale Präsentation für den 11. Februar 2025 geplant ist. Die neue Lösung adressiert zwei wichtige Herausforderungen des Marktes, indem sie außergewöhnliche Leistungen unter extremen Wetterbedingungen bietet und gleichzeitig erschwinglich und effizient bleibt.
Das System verfügt über eine KI-gesteuerte Anpassungsfähigkeit, die die Komforteinstellungen für individuelle Nutzer personalisiert. Diese Innovation kommt inmitten eines wachsenden Wärmepumpenmarktes, mit einem prognostizierten Gesamtadressierbaren Markt von 290 Milliarden USD in Nordamerika und 910 Milliarden USD weltweit von 2022 bis 2031, was ein jährliches Wachstum von 9,4% CAGR zeigt.
Mit dieser Technologie soll die herkömmlichen Einschränkungen von Wärmepumpen bei extremen Temperaturen überwunden werden, unterstützt von erheblichen staatlichen Anreizen, darunter bis zu 8.000 USD an Rückerstattungen in den USA und 10.000 USD an Installationssubventionen in Kanada.
- Innovative heat pump technology addressing key market limitations
- AI integration for personalized comfort optimization
- Large addressable market of $290B in North America and $910B globally
- Government subsidies supporting adoption ($8,000 US, $10,000 Canada)
- 9.4% CAGR in target market
- Product still in pre-launch phase with unproven market performance
- Actual performance metrics not yet disclosed
Insights
This pre-announcement from Terravis Energy warrants cautious attention despite its light technical details. The heat pump market represents a significant opportunity with government incentives up to
The 20-day countdown marketing approach, while creating buzz, is unusual for proven technological breakthroughs. Established HVAC players typically announce products with immediate technical specifications and third-party validations. The lack of specific performance metrics or patent information in this announcement suggests the technology may still be in development.
For context, major challenges in current heat pump technology include efficiency drops in sub-zero temperatures and high initial costs. While Terravis claims to address these issues, the market is already seeing innovations from established players like Carrier, Daikin and Mitsubishi. The AI integration mention aligns with industry trends but requires substantial validation.
For WKSP investors, this represents a potential pivot into a lucrative market, but several risk factors exist:
- No mention of manufacturing capabilities or partnerships
- Unclear timeline to market or revenue potential
- track record in HVAC systems
- High R&D costs typically associated with bringing new HVAC technology to market
The February 11 reveal will be important for validating these claims and understanding the true market potential. Investors should wait for concrete technical specifications, third-party validations and clear commercialization plans before making investment decisions based on this development.
Solving Two Key Market Challenges; Successful R&D Has Achieved a Solution Expected to Revolutionize Home Heating & Cooling, While Being Affordable and Highly Efficient.
West Seneca, New York, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ: WKSP) (“Worksport” or the “Company”), a U.S. based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, proudly announces that its subsidiary, Terravis Energy [LLC] (“TVE”), a [Delaware] [limited liability company], has developed a groundbreaking heat pump solution that it believes fulfills the future of home heating and cooling. This latest R&D breakthrough is projected to solve two key issues in the heat pump market.
The proprietary solution combats changing climates, power affordability, and current technology limitations. Based on early closed-loop feedback, the Company expects major industry actors to take serious notice of this technology upon reveal. Through a breakthrough solution, the Terravis Energy heat pump technology is expected to redefine performance in all climate conditions, while being highly efficient. The technology has been further enhanced with AI-powered adaptability, designed to tailor the system to each individual user’s comfort level, creating an environment that feels uniquely responsive and attuned to their needs.
20-Day Countdown to the Global Reveal
Terravis Energy is launching a 20-day countdown on its website, aetherlux.terravisenergy.com, leading to the worldwide unveiling of this transformative technology. On February 11, 2025, the countdown will conclude and Terravis will share the breakthrough solution, key performance data, media kits, and exclusive insights into the competitive advantages of its cutting-edge solution.
The Company invites journalists and media to contact them ahead of the upcoming global reveal. Contact: media@worksport.com
Revolutionizing the Heat Pump Industry
Terravis Energy’s heat pump is a revolutionary design engineered to address critical challenges that have long hindered heat pump adoption, particularly in extreme climates. With this innovation, the future of home comfort is here:
- Extreme Weather Resilience: This next-generation heat pump is engineered to perform seamlessly in ultra-cold and high-temperature environments, ensuring consistent comfort in any weather.
- AI-Driven Personalization: The system incorporates artificial intelligence to provide personalized feedback, dynamically adjusting its operation to deliver optimal comfort and energy efficiency.
- Affordability and Efficiency: Terravis Energy’s breakthrough is expected to lower cost barriers while providing unparalleled performance.
- Unmatched Innovation: Designed to set a new industry benchmark, this technology resolves longstanding issues with conventional heat pumps, delivering unprecedented reliability and adaptability.
The Heat Pump Market at a Crossroads
The global heat pump market is experiencing rapid growth, bolstered by rising energy efficiency demands and government subsidies:
- Based on a consistent compound annual growth rate (CAGR) of
9.4% , the Total Addressable Market (TAM) for North America from 2022 to 2031 is projected to be approximately USD 290 billion. For regions outside the U.S. and Canada, the TAM is estimated at around USD 910 billion over the same period. - Heat Pumps are Heavily Subsidized: Governments worldwide aim to accelerate adoption, including the U.S. High-Efficiency Electric Home Rebate Act offering up to
$8,000 for heat pump installations and Canadian Government’s incentive of up to$10,000 for heat pump installations
Despite this growth, traditional heat pumps face significant challenges in extreme temperatures, killing efficiency, thereby limiting their adoption in key markets. Terravis Energy’s groundbreaking technology directly addresses these limitations, paving the way for widespread use in even the harshest climates.
The Future of Home Comfort Is Here
This isn’t just a heat pump—it is an ingenious system that integrates seamlessly into modern homes, offering a responsive comfort experience powered by AI technology. By adapting to user preferences and environmental conditions, Terravis Energy’s heat pump provides a personalized and resilient climate solution that is unmatched in the market.
For more information and to join the countdown to the reveal, visit aetherlux.terravisenergy.com.
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About Worksport
Worksport Ltd. (Nasdaq: WKSP), through its subsidiaries, designs, develops, manufactures, and owns the intellectual property on a variety of tonneau covers, solar integrations, portable power systems, and clean heating & cooling solutions. Worksport has an active partnership with Hyundai for the SOLIS Solar cover. Additionally, Worksport’s hard-folding cover, designed and manufactured in-house, is compatible with all major truck models and is gaining traction with newer truck makers including the EV sector. Worksport seeks to capitalize on the growing shift of consumer mindsets towards clean energy integrations with its proprietary solar solutions, mobile energy storage systems (ESS), and Cold-Climate Heat Pump (CCHP) technology. Terravis Energy’s website is terravisenergy.com.
For more information, please visit investors.worksport.com.
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