Germany will launch its support program for photovoltaic battery storage systems on May 1. Funding totaling 25 million will be available in the first year from German state bank KfW.
MIT Professor Dr. Ernest Moniz made his pledge at the full committee hearing held this Tuesday, which will eventually decide if he is the man to take over as U.S. Secretary of Energy. The fact the U.S. is not spending enough on energy research was highlighted during the Q&A session. Moniz added that more focus needs to be placed on solar.
The smart grid market in central and eastern Europe (CEE) will be worth a cumulative $10.3 billion by 2023, according to a report by market research group Northeast Group LLC.
Germany managed to export more power in 2012 than it has in the last five years. With a net surplus of 22.8 terawatt-hours (TWh), the exported amount of energy was four times as much as that in 2011. This data was released by the Federal Statistical Office in Wiesbaden in Hesse.
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