International Renewable Energy Storage Conference
BERLIN, Nov. 25, 2011 /CNW/ - 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.
SOURCE Germany Trade and Invest
For further information:
Germany Trade & Invest