On may 1st, 2013 Germany will grant access t one of its investment programmes, but only to someone who can solve the problem of storage capacity and the balancing of decentralized power generation.
Germany is pursuing Energiewende (Energy Transition) policy that aims for the des-nuclearation of the power grid and a number of reductions in damaging gas emissions by a change to renewable energies.
According to Tobias Rothacher, Senior Manar Renewable Energies at Germany Trade & Invest “The policy has progressed well, and the increase of fluctuating renewable capacities is now causing the need for storage and smart grid expansion.”
Assuming this incentive program, whose aim is to develop solar power batteries that can be installed and connected in houses, is successful, a detached house could save up to 60% of their electricity purchase, reckons the Fraunhofer Institute, while stored power can be used later or offloaded into the national energy grid.
“Such batteries not only make customers more independent from the energy price fluctuations, but the technological advances bring Germany closer to immunity from the energy and fuel merry-go-round,” continued Rothacher.
Germany Trade & Invest is the foreign trade and inward investment promotion agency of the Federal Republic of Germany. The organization advises foreign companies looking to expand their business activities in the German market. It provides information on foreign trade to German companies that seek to enter foreign markets.