New Subsidies For PV-tied Energy Storage Systems
The German Federal Ministry of the Environment recently announced a $67 million budget to subsidise its photovoltaic (PV)-tied energy storage (ESS) for PV systems with under 30kW of generation capacity.
This new incentive will make energy storage technology that can integrate with a PV array cost-effective.
Subsidising the energy capacity of the system rather than its power capacity is a more logical solution because the solar shifting application requires more energy than power. However, lithium-ion batteries will not benefit from the subsidies as much as other storage systems with longer discharge durations, like molten salt and flow batteries.
If you want to know more about this and other topics directly from end users of energy storage technologies join us at one of these annual events: The Energy Storage World Forum (Grid Scale Applications), or The Residential Energy Storage Forum, or one of our Training Courses.