CO2 heat pumps have shown great potential in both residential and industrial sectors due to their ability to operate effectively in cold climates and provide high-temperature hot water. In cold climates, CO2 heat pumps can achieve a COP of 3.1 even at -20 °C. Commercial CO2 split-systems can generate hot water up to 80 °C and can operate efficiently at temperatures as low as -30 °C. A CO2 heat pump with simultaneous heating and cooling capabilities can achieve a combined COP of 8.0, providing hot water as high as 90 °C and chilled water as low as -9 °C.