Boostheat: A departure and reliability issues
As we feared, the development of the Boosheat company is experiencing serious setbacks. The industrial start-up announced that its first Boostheat.20 boilers marketed in 2019 showed, in some cases, "variable results depending on sites and configurations"; in other words, its ultra-innovative boiler was experiencing reliability problems. This announcement, which follows the departure of its Chief Innovation Officer, co-founder Jean-Marc Joffroy, unfortunately confirms our very negative view of the share.
Boostheat Sas. Boostheat SAS is a France-based company specialized in the manufacturing industry. The Company invents, develops and manufactures boilers, which consume less energy than conventional ones. The Company's boilers emit no particles and contain a heat pump that uses a natural fluid that generates less pollution than conventional electric heat pumps. Additionally, thanks to a built-in hot water tank, its boilers enable users to save water. The Company portfolio includes BOOSTHEAT.20, which combines heat pump and condensing boiler technologies to improve efficiency.
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