NewEnergyNews: GERMANY LEADS SHIFT TO SOLAR STORAGE

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    Friday, September 06, 2013

    GERMANY LEADS SHIFT TO SOLAR STORAGE

    Government Subsidy Charges Up German Solar Energy Storage Market

    3 September 2013 (Solar Industry)

    “The German government's new energy storage subsidy is forecast to kick-start the adoption of solar photovoltaic energy storage systems very much as its feed-in tariff (FIT) program boosted the PV industry eight years ago…[With 1,100 solar PV systems approved for the German government’s subsidy and a further 4,800 applications in the approval process,] adoption of residential PV energy storage in Germany will accelerate in 2014…[S]imilar storage subsidies are available in both Japan for lithium-ion based storage solutions in the residential sector and in California…IHS projects energy storage in grid-connected applications will generate $19 billion worldwide in 2017…According to IHS, a PV system owner is able to increase the level of self-consumption from around 30% without storage to around 60% when batteries are added…” click here for more

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