Germany Finances Major Push Into Home Battery Storage For Solar

“The German government has responded to the next big challenge in its energy transition – storing the output from the solar boom it has created — by doing exactly what it has successfully done to date: greasing the wheels of finance to bring down the cost of new technology. … Now it is looking at bringing down the cost of the next piece in the puzzle of its energy transition — battery storage. … KfW’s aim, according to Axel Nawrath, a member of the KfW Bankengruppe executive board, is to ensure that the output of wind and solar must be ‘more decoupled’ from the grid. … This is seen as critical as the level of renewable penetration rises to around 40 per cent — a level expected in Germany within the next 10 years. … According to Papenfuss, households participating in the scheme will spend between €20,000 and €28,000 on solar and storage, depending on the size of the system (the average size is expected to be around 7kW for the solar array and around 4kWh for the battery).” For More Info !!

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