Behmann U.,Otto Hahn Str. 7 |
Rieckhoff K.,KfW Bankengruppe
eb - Elektrische Bahnen | Year: 2011
In their efforts to further improve energy effi ciency Chinese Railways are confronted with a strong verdict by operators of high voltage grids against feeding back of regenerative braking power. A technical solution to this will be using in traction substations, which will provide phase-synchronized voltages, thus allowing catenary to be coupled through. So regenerated braking energy can be distributed over longer distances. Fringe benefi ts can be expected as regards total investment and operational costs.
Stiebale J.,Westphalian Institute for Economic Research |
Reize F.,KfW Bankengruppe
International Journal of Industrial Organization | Year: 2011
This paper analyzes the effects of cross-border mergers and acquisitions on innovation activities in target firms. The empirical analysis is based on survey and ownership data for a large sample of small- and medium-sized German firms. After controlling for endogeneity and selection bias, we find that foreign acquisitions have a large negative impact on the propensity to perform innovation activities and a negative impact on average R&D expenditures in innovative firms. Furthermore, innovation output, measured as product and process innovations, and the share of sales from product innovations, is not significantly affected by a foreign acquisition for a given amount of innovation efforts. Hence, the estimation results do not provide any evidence of significant technology transfer through foreign acquisitions in form of a higher innovation success. © 2010 Elsevier B.V. All rights reserved.
Neugebauer T.,Dahlem Consulting Engineers |
Vallerien D.,KfW Bankengruppe
Wasser und Abfall | Year: 2012
For preservation of the good water quality of the natural heritage Lake Ohrid, an environmentally sound disposal of wastewater has to be provided and secured along the Albanian shoreline. Financed by the German Government through KfW Entwicklungsbank a sewer network and a WWTP have been erected in Pogradec. In order to guarantee that the recently built and planned wastewater treatment infrastructure can be operated and maintained in a sustainable manner, preference was given to a low energy demanding sewage treatment process. The trickling filter technology chosen provides a cost-effective, reliable and robust sewage treatment and allows to cover the complete costs for operation and maintenance by tariffs charged to the consumers. As in almost three years of operation the plant has always met the effluent requirements with limited operational expenditures, implementation of the Pogradec central wastewater treatment plant can be considered as an excellent example for adapted technology with regard to the prevailing frame conditions. Further investments will focus on connecting additional people to appropriate sewage disposal facilities and reducing the relevant nutrient load into Lake Ohrid.
Zillmann U.,Daidalos Capital GmbH |
Hach S.,KfW Bankengruppe
Green Energy and Technology | Year: 2013
The development and large-scale application of new technology will be a central element to meet the current challenges of the global energy system, such as accelerating climate change, concerns about future energy security, limited global energy access or deteriorating balances of payments. At the same time, the restructuring of the energy system has to happen at reasonable cost. Airborne wind energy (AWE) can play an important role in contributing to meet this challenge. Yet, despite the large potential of AWE, further financing will be required to establish commercial viability of the technology and enable its large-scale deployment. Drawing on the most recent literature as well as on a range of qualitative interviews among both CEOs of AWE companies and risk capital investors the article characterizes AWE from a financing perspective and sheds light on the potential barriers for attaining substantial risk capital. An understanding and the active management of the identified investment barriers offer AWE companies important toeholds to develop their financing strategies. Potential implications and current strategies in the industry are discussed in the article. © Springer-Verlag Berlin Heidelberg 2013.
News Article | January 4, 2016
It was predicted that up to 16,000 energy storage systems could be installed in Germany during 2015. However, an incentive program for battery storage there which started up in 2013 was set to cease operations on the last day of the same year. It was therefore expected that the German energy storage market growth would contract in 2016, and significantly. Surveyed German consumers expressed reservations over the extra cost of energy storage on top of what they would pay for a solar power system. “These concerns might increase in light of the expiring KfW funding. The issue of the funding is obviously much discussed these days. Our head of economics Mr. Martin Ammon has calculated that in 2016 storage market growth will drop to 13 per cent,” explained a spokesperson for a company named EuPD Research. Wolfram Schweickhardt, a KfW spokesperson, said 5,000 energy storage + solar systems were installed in 2013 (when government funding for energy storage systems started), 9,000 were installed in 2014, and 15,000–16,000 would be installed in 2015. In fact, energy storage and renewable energy are very complementary, so it is only reasonable that a government that supports solar and wind power might provide incentives for the adoption of energy storage, too. An energy storage and management project in a region of German is receiving tens of millions of Euros to make the local grid more intelligent and to provide support for renewable energy there. “The success of the energy turnaround will entirely depend on integrating electricity from renewable sources into our energy system on a reliable, permanent basis. The energy system needs to become more flexible overall, and solar and wind power generation must be more decoupled from grid feed-in. Energy storage technologies have a major part to play here. Through this new programme we’re helping to bring small energy storage units onto the market and improve their market penetration, so that prices should fall as their use increases,” said Dr Axel Nawrath, a KfW Bankengruppe Executive Board member. It’s fascinating to see Germany getting ahead of many other nations in the areas of renewable energy and energy storage, and how that is playing out. It would also be intriguing to find out if anyone has done an ROI analysis to determine the effectiveness of the KfW program — specifically, to see how much it did or did not help seed the energy storage market for the years it was in operation and afterwards. Image Credit: Kid Alex, Wiki Commons Get CleanTechnica’s 1st (completely free) electric car report → “Electric Cars: What Early Adopters & First Followers Want.” Come attend CleanTechnica’s 1st “Cleantech Revolution Tour” event → in Berlin, Germany, April 9–10. Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.