Germany's Energy Efficiency Program for Small Businesses
Germany's new program to help small and medium-sized businesses implement new energy-efficient technologies takes effect today. Cost-efficient reduction of energy consumption and smart management of the energy supply are priorities for Germany, which already generates more than 20 percent of its electricity supply from renewable sources. Germany Trade & Invest industry experts will highlight the latest trends at this week's Grid Week from October 2-4 in Washington, DC.
"Energy efficiency and energy management are two sides of the same coin. With this new initiative, Germany is creating a win-win situation by tackling tomorrow's energy challenges and supporting small businesses," stated Heiko Staubitz, energy efficiency and smart grid expert at Germany Trade & Invest in Berlin.
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Any company in Germany with less than 500 employees and annual revenue below EUR 100 million can apply for grants. These can be used to swap out aging motors and pumps, capture lost heat, or to implement large-scale plans to increase energy efficiency. The cap per company is set at EUR 100,000. The application window is open between October 1, 2012 and December 31, 2015.
"This measure further strengthens Germany's commitment to clean, affordable energy. Companies from all over the world come here with innovative energy technologies because they know the political support is unwavering. That makes our business environment incredibly unique," continued Staubitz.
SOURCE Germany Trade and Invest
Drax advances biomass strategy with Pinnacle acquisition
The Group’s enlarged supply chain will have access to 4.9 million tonnes of operational capacity from 2022. Of this total, 2.9 million tonnes are available for Drax’s self-supply requirements in 2022, which will rise to 3.4 million tonnes in 2027.
The £424 million acquisition of the Canadian biomass pellet producer supports Drax' ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) and will make a "significant contribution" in the UK cutting emissions by 78% by 2035 (click here).
This summer Drax will undertake maintenance on its CfD(2) biomass unit, including a high-pressure turbine upgrade to reduce maintenance costs and improve thermal efficiency, contributing to lower generation costs for Drax Power Station.
In March, Drax secured Capacity Market agreements for its hydro and pumped storage assets worth around £10 million for delivery October 2024-September 2025.
The limitations on BECCS are not technology but supply, with every gigatonne of CO2 stored per year requiring approximately 30-40 million hectares of BECCS feedstock, according to the Global CCS Institute. Nonetheless, BECCS should be seen as an essential complement to the required, wide-scale deployment of CCS to meet climate change targets, it concludes.