Germany to Store Europe’s Energy

Power transition will result in domineering monopoly.

Whether it’s storing money, gold, armaments or sustainable energy, 2013 has seen Europe’s largest country rapidly gobble up key assets, positioning it as continental chief operating officer.

Recently Germany’s government approved €150 million of new investment capital to maintain its Energy Transition policy, or Energiewende. The program is managed by the Ministries of Economics, Environment, Education and Research.

This phase of stimulus is dubbed “sustainable power grids” and comes as part of the government’s sixth stage of energy research. Once created, these power grids will act as smart distribution centers managing supply and demand. The research has established an “Internet of Energy,” which forecasts a 10 percent reduction in domestic utility costs and a 20 percent reduction for commercial businesses. Continue reading