ConnectM Signs $1.7 Million Distribution Agreement with Greentech Renewables to Scale Keen Smart Heat Pump Technology

MARLBOROUGH, Mass., Nov. 10, 2025 (GLOBE NEWSWIRE) --  ConnectM Technology Solutions, Inc. (OTC: CNTM) (“ConnectM” or the “Company”), a high-growth technology company powering the modern energy economy, today announced that it has entered into a $1.7 million heat pump distribution agreement with Greentech Renewables (“Greentech”). The agreement will make the Company’s Keen Labs-branded, high-efficiency heat pumps available to Greentech’s network of solar, electrical, and energy contractors, and is intended to serve as the foundation for broader scaling in 2026 and beyond.

Under the agreement, Greentech will distribute ConnectM’s Keen Heat Pumps and related smart controls, which are developed and optimized by Keen Labs (www.keenlabs.ai), ConnectM’s innovation group focused on AI and modern energy technology. By combining Keen Labs’ AI-driven technology with Greentech’s logistics, warehousing, and contractor network, the partnership aims to accelerate adoption of all-electric heating and cooling within a fully electrified home and building ecosystem.

“Greentech is already a trusted partner to contractors who are installing solar, storage, and EV charging,” said John Pitcavage, President of Home & Building Electrification at ConnectM. “In this region, a streamlined, high-efficiency heating and cooling solution has been the missing piece. This agreement brings that capability into the same ecosystem. Our $1.7 million initial distribution commitment supports contractors who want to expand into heat pumps, while also opening the door for HVAC partners interested in electrification. Contractors are increasingly seeking to offer complete home energy solutions rather than single-category services. This partnership provides a clear pathway to expand those capabilities with training and support in place.”

The U.S. market for heat pumps continues to expand as homeowners, building owners, and public agencies look for ways to lower operating costs and meet new electrification standards. Industry researchers estimate that the global heat pump market could reach about $168 billion by 2033, nearly doubling from 2023 levels, with air source heat pumps representing the leading technology and residential applications accounting for most of the demand. Incentives remain attractive: while certain federal tax credits are set to expire within the next few months, many state and utility programs across the country continue to provide significant rebates and financing support, with some states offering incentives of up to $16,000 per home as of this publication. These programs continue to create a favorable environment for contractors and accelerate the adoption of high efficiency, all electric systems.