Industry Market Trends

Germany’s Energy Transition Accelerates Cleantech Amid Concerns Over Power Cost and Reliability

September 23, 2013

ID-100109067Germany’s transition to renewable energy is reshaping the production and distribution of electricity in the country. According to critics, the German Energiewende (energy transition) is a dangerous experiment that will cause the cost of power in Germany to skyrocket and create instability in the country’s electric grid.

According to advocates, Energiewende is going to reduce the costs and environmental effects of power production in Germany and is already giving the nation a tremendous leg-up in the global cleantech industry. Advocates also argue that Germany’s transition presents a challenge to manufacturers in North America, which need to get on the ball if they want to compete in the growing global cleantech market. Read More