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Last updated on April 23, 2014 at 1:22 EDT

New Projects Confirm Germany’s Role in Energy Storage Segment

November 25, 2011

BERLIN, November 25, 2011 /PRNewswire/ –

Two new developments confirm Germany’s position as a top location to
implement energy storage technology: Canadian fuel cell maker Ballard
announced the opening of its new European headquarters in Germany this week.
And last week a new project to store wind energy via hydrogen in the German
natural gas grid was also unveiled. At this year’s International Renewable
Energy Storage Conference from November 28-30 in Berlin, Germany Trade &
Invest will have experts on hand to share new business opportunities in
Germany’s growing energy storage segment.

“Wind and solar power are weather dependent. With over 17 percent
renewable electricity in Germany, demand for energy storage solutions is
growing very quickly to balance this fluctuating energy supply. Germany has
set ambitious goals for renewable energy and positioned itself as a lead
market for commercialization of fuel cell, hydrogen and battery
technologies,” said Raphael Goldstein, energy storage expert at Germany
Trade & Invest in Berlin.

Ballard, the manufacturer of fuel cells, stacks, and integrated systems
based outside Vancouver will coordinate its entire European activities from
a new location in the city of Huerth near Cologne. The company cites
Germany’s significance as a key market and leading technology location.
Germany Trade & Invest supported Ballard with free-of-charge investor
consulting services.

In addition to the Ballard announcement, German energy company E.On last
week revealed plans to launch a new project in Brandenburg to transform
renewable energy into hydrogen through electrolysis and feed it into the
natural gas grid. This method primarily addresses the problem of oversupply
from wind turbines. When too much energy is generated for the electricity
grid to absorb at a given moment, this energy can be converted to hydrogen.
Current regulations allow the German natural gas grid to absorb up to 5
percent hydrogen, but this is expected to increase in the future.

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.

        Germany Trade & Invest
        Andreas Bilfinger
        Email: andreas.bilfinger@gtai.com
        T: +49(0)30-200099-173
        F: +49(0)30-200099-511

SOURCE Germany Trade and Invest


Source: PR Newswire