Colorado company expands to meet expected demand for electric heat pumps, stoves

BOULDER, CO, Nov. 14, 2022 — A Front Range home-electrification company is expanding its team and service area in anticipation of increased demand due to high natural gas prices and federal incentives to switch to electric heat pumps and stoves.

After closing a $3.5 million round of funding in September, Boulder-based Elephant Energy, which has focused on the Denver-Boulder corridor since 2021, plans to expand into Fort Collins starting in January. The company is also looking to expand outside Colorado next year but hasn’t yet confirmed those markets.