1. Germany's Residential Battery Storage Subsidy A Success — 4000 New Systems In 1st Year

    Germany's Residential Battery Storage Subsidy A Success — 4000 New Systems In 1st Year

    It’s been just a year since Germany began offering a subsidy for residential lithium-ion battery systems. In that time, already more than 4,000 new solar+battery systems have been installed. The figures — which show the subsidy to be a success — were recently released by Germany’s Federal Solar Industry Association (BSW Solar). Along with the figures, BSW Solar also noted that it expects demand to climb even higher this year. Other interesting stats include the fact that nearly €66 million (US$90.82 million) in low-interest loans were distributed by the development bank over the course of the year, and that about €10 million (US$13.76 million) was given out in grants.

    Read Full Article
  1. Topics Mentioned

  2. Authors

  3. Categories

    1. Electricity Source:

      Solar Photovoltaic, Wave, Tidal, Hydro, Wind
    2. Storage Market:

      Commercial & Industrial, Military, Residential & Community & Microgrid, Smart Grid, Utility Grid, Vehicle-to-Grid/Home
    3. Storage Technology:

      Compressed Air/Gas, Flow Battery, Flywheel, Hydrogen, Lead, Liquid Metal, Lithium, Magnesium, Mechanical Storage, Nickel, Sodium, Supercapacitors, Vanadium, Zinc
    4. Article Types:

      Null, Reports and Conferences