They’re literally the same thing.

A traditional air conditioner provides only cooling by moving heat out of your home, primarily contributing to summer electricity peaks. In contrast, a heat pump offers both heating and cooling by simply reversing the refrigerant flow, making it a more versatile and energy-efficient solution for year-round comfort. While heat pumps increase overall electricity demand by electrifying heating, they also shift energy consumption patterns, creating a new winter peak for the grid to manage. However, this increased electrical load presents an opportunity for demand response, allowing smart heat pumps to adjust usage during peak times to balance the grid. Ultimately, widespread heat pump adoption, powered by a decarbonising electricity supply, is crucial for reducing fossil fuel reliance and achieving a greener energy system, albeit requiring significant grid infrastructure upgrades.