Last updated on April 24, 2014 at 16:36 EDT

Storing the Sun for a Rainy Day

March 17, 2013

BERLIN and DÃœSSELDORF, Germany, March 17, 2013 /PRNewswire/ –

It’s been a miserable winter in Germany. Parts of the country have had 60% fewer
sunshine hours than normal. A series of cold snaps have swept the country, reminding all
just how expensive heating has become.

Germany’s ‘Energiewende’ (Energy Transition) policy – an intent to be 60% reliable on
renewable energy sources for the country’s total energy consumption by 2050 – is helping
cut costs. In electricity supply alone, the government is aiming for 80% by 2050, with
wind, photovoltaic, bio and hydro energies together already contributing 23% to Germany’s
electricity consumption in 2012. Some areas are completely self-sufficient.

Some outlets are more than that; policy-makers are examining how houses and towns
could distribute their excess or unused energy production more efficiently into the
national grid.

“The problem is not the actual production right now, it’s the fluctuation of the
sources and storing the excess energy intelligently,” says Tobias Rothacher, Senior
Manager of Renewable Energies at Germany Trade and Invest.

Photovoltaic sources are not much use in winter, but there’s no way yet found of
saving the energy produced in summer and using those reserves in winter. There’s no solar
energy piggy bank for a rainy day.

“Distributed stationary energy storage is the hottest topic in the Renewable Energy
industry right now, which makes Duesseldorf’s Energy Storage Convention on March 18 of
huge global interest, for it is not just Germany striving to solve this problem,”
concluded Rothacher.

Germany Trade and Invest experts will be at the convention to explain the German
government’s incentive scheme to bring potential storage problem-solving investors to the
table with all manner of reduced-interest R&D loans and rewards.

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