NEW YORK CITY — Germany will subsidize consumers’ purchases of battery systems to store power from solar panels through a 25 million-euro ($32.6 million) program to promote wider use of renewable energy, according to the German Solar Industry Association.
Storage is a policy-driven market, Brian Warshay, an analyst for Bloomberg New Energy Finance in New York, said today in an interview.
“I’d expect for the incentive, which is set at a pretty healthy rate for most systems, to be used up quickly,” he said.
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Editor’s Note: For more information about this subsidy and the energy storage market, see our recent in-depth articles here:
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