Armstrong International Secures Funding from European Commission's Innovation Fund to Support Factory Expansion in Herstal, Belgium

HERSTAL, Belgium, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Armstrong International, a global leader in thermal utilities, has secured funding from the European Commission's Innovation Fund to accelerate the expansion of its manufacturing facility in Herstal, Belgium. The grant, managed by the "European Climate, Infrastructure and Environment Executive Agency" (CINEA), will enhance Armstrong's capacity to produce innovative low-carbon technologies, supporting Europe's broader objectives of strengthening industrial manufacturing and advancing climate neutrality.

"This support allows us to fast-track the development of our heat pump production capabilities, which are crucial for Europe's journey toward decarbonization," said Kurt Armstrong, CEO of Armstrong International. "High-temperature heat pumps are central to our Circular Thermal℠ methodology, which integrates de-steaming, advanced heat recovery, and low-grade heat recovery. This approach is increasingly adopted by companies with Science-Based Targets initiative (SBTi) commitments as they aim to decarbonize their thermal systems by 2030."

Armstrong's Herstal project is one of 25 cleantech manufacturing projects selected under the European Commission's 2023 call for proposals, receiving a portion of the €1.4 billion in cleantech grants (additional to 3.4 Bn€ for end users' projects) from the Innovation Fund— Europe's flagship financial program for advancing innovative low-carbon technologies.

"This expansion is a critical step in ...