Heat pumps outsold gas furnaces in 2023
distilled.earth
distilled.earth
It's essentially the same thing that would be happening if you had a grid burning natural gas for electricity powering an electric heat pump, only it all happens locally and the exhaust heat is utilized. It's also similar to a "micro combined heat and power" system, with the power going directly into a heat pump.
EDIT: just discovered there's a smarter/simpler way to make a gas-powered heat pump: https://www.energy.gov/energysaver/absorption-heat-pumps.
One point is to use energy efficiently.
Cogeneration facilities convert gas to electricity fairly efficiently, and then a heat pump is several x more efficient than just burning the gas in your home.
Also there is cost, which can be less with a heat pump.
All it is is a regular air heat pump but instead of heating a tank of water it heats a tank of water/glycol mix which can store a lot more energy. The heat is then transferred to the water in your pipes via a heat exchanger. It's not technically infinite hot water like electric/gas tankless but it seems really hard to run out.
If the glycol elevates the boiling point, you could store energy above 100 C. The human-safe temperatures on a normal water heater must be closer to 50 or 60 C. Room temperature is about 20? I imagine if you more than double your temperature difference, you might more than quadruple your energy storage, that might offset the lower heat capacity of the glycol.
Sort of like high-voltage power lines being able to use thinner wires but requiring thicker insulation (meters of air) so they don't kill anyone.
User 15457345234 pointed out that you could just pressurize the water. But building a steam pressure vessel requires a weight-safety tradeoff. Maybe a mixture that boils hotter is cheaper overall than safely containing steam pressure.
If you have a racing car you run pure water with a bit of 'wetter' (a surfactant) in the cooling system as it gives you the highest thermal capacity / cm^3 ratio. If you want to increase the boiling point (to run a smaller heat exchanger) that's most trivially achieved through pressurisation.