WHEC: Germany Marks New Era for Energy Storage and Fuel Cell Industry

BERLIN, May 14, 2010 /PRNewswire/ -- Germany has developed the most extensive framework for the energy storage and fuel cell industry in the world, driven by the country's unwavering commitment to renewable energies. International companies can benefit from well coordinated support for R&D and pilot programs, an export-oriented market and established industry expertise in this segment. Germany Trade & Invest will be showcasing opportunities at this year's World Hydrogen Energy Conference from May 16-21 in Essen, Germany. Additionally, the organization will be introducing its comprehensive "Germany: Lead Market for Energy Storage & Fuel Cell Systems" publication at the event, which profiles specific market and research opportunities in fuel cells, hydrogen, batteries and smart grids.

In 2009, electricity from renewable sources in Germany increased to 16.1 percent of the total share. This figure is expected to grow, as Germany has committed itself to supplying 30 percent of its electricity with renewable sources by 2020 and 50 percent by 2030. The large and growing share of renewable energies creates demand for energy storage options, such as advanced battery, hydrogen and fuel cell technologies in conjunction with smart meters and grids. These technologies serve several purposes: to balance the fluctuating supply of renewable energy generation and to make carbon dioxide-free power available for a vast array of mobile and portable applications.

With over 70 percent of all hydrogen and fuel cell demonstration projects in Europe, Germany has already taken the lead in commercializing this technology. Over 350 companies and institutes are already active in the industry in Germany. Half of all fuel cell revenues are generated by exports, making Germany an excellent base to serve Europe for companies looking to enter this developing market.

Jurgen Friedrich, Chief Executive of Germany Trade & Invest: "Germany is taking the lead in energy storage through world-class research and development and innovative market solutions. No other country has such a comprehensive strategy, with industry players, research and development institutes and government policy firmly committed to this industry."

A number of economic sectors are set to profit from the coming shift. Materials, components, modules and systems are under development, creating opportunities for businesses in a broad range of sectors. Companies benefit from well established networks of industry partners along the entire value chain.

German policy support is accelerating the industry's growth. Research on energy technology is currently supported with EUR 2.2 billion for the period 2008 to 2011. Additionally, the "H2 Mobility" initiative aims to have a comprehensive nationwide infrastructure for hydrogen refueling in place by 2015. Federal and regional institutions have created programs to boost the entire industry spectrum, from R&D to market testing.

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.

    Eva Henkel
    [email protected]
    Phone: +49(0)30-200099-173
    Fax: +49(0)30-200099-111

SOURCE Germany Trade and Invest