Sunamp signs a £50m agreement with Thumos to roll out thermal batteries in China

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Sunamp signs a £50m agreement with Thumos to roll out thermal batteries in China

Space-saving thermal energy storage company Sunamp has signed a 5-year deal with HVAC distribution giant Thumos. The deal is worth a staggering £50 million to expand sales into residential and commercial markets in China.

Chief executive Andrew Bissell said: “Our products have a role to play in the transition to non-fossil fuels by increasing the efficiency of renewables and we are excited to collaborate with Thumos to significantly expand our sales in China. Together we will continue to develop and commercialise innovative low carbon systems for heating and cooling, including electric water heater products and air-source heat pump water heater products.”

Read the full story as covered by Daily Business here.