The Importance of HVAC in the US

Danny Cevallos: I think it's something like 12 or 13% of carbon emissions come from heating and cooling. And if we want to take a big swing at reducing climate change at the household level, it's pretty clear that the HVAC system has to be at the top of the list. The heat pump has been used in other countries for decades, and it's quite effective and it was starting to get traction in the US. It's already quite popular actually in the south. We saw this opportunity to accelerate adoption of heat pumps in the US,. obviously the Biden administration saw the same opportunity. So when we met Max based on his experience with his prior company, we