MONDAY 11 FEBRUARY, 2013 |
Germany To Announce Energy Storage Subsidy?
Germany blazed the trail for solar PV uptake and it appears the nation may be
about to do the same for energy storage.
Rumour has it that early this week Germany's government will announce an
initiative to support the purchase of battery based energy storage systems
integrated with solar panel arrays.
Owners of solar power systems up to 30kW capacity will be entitled to
low-interest loans from state-owned bank KfW and a repayment allowance from the
Ministry of Environment that will cover 30% of the cost of an energy storage
Germany is no slouch when it comes to pioneering support for renewables - it was
the first nation to implement feed in tariffs, which it launched in 1991. Within
5 years of the scheme being expanded in 2000, a seven-fold increase in installed solar photovoltaic (PV) capacity
occurred in the country.
Germany's efforts in pushing solar uptake played a major role in reducing the
cost of solar
and associated equipment globally. If the rumours are correct; such
as scheme should go some way to reducing the cost of battery based energy
The initiative will be great news not only for households and businesses wanting
greater energy independence, but also the many companies investing
in energy storage
Last week, inverter manufacturer Power-One
it was partnering with Panasonic to develop, produce and market energy storage systems for residential and
Aside from providing a greater degree of energy independence by allowing
harvested solar power to be "banked" for use during low light periods
or at night , energy storage systems offer a number of other benefits. For
example, the systems can be charged during off-peak periods with mains power
when electricity is cheaper for use during more expensive peak periods.
For solar power system owners who receive less than fair market value for the
surplus electricity they export to the mains grid, storing instead of exporting
that energy will send a clear signal to electricity companies that if they want
the high-value green power - they are going to have to pay a reasonable price
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