Rheem announces the imminent release of a new commercial heat pump suited for medium to large users of hot water, such as hotels, nursing homes and hospitals.The system features one or more stand alone condenser units with manifolded banks of storage tanks and has many unique innovations such as design modularity, auxiliary heating mode and high co-efficient of performance.The Rheem commercial heat pump is eligible to generate Renewable Energy Certificates (RECs) by offsetting the CO2 used in conventional electric water heaters. A significant number of RECs can be created which offsets the initial capital cost and makes the system financially attractive.