Germany’s Energy Transition has been Dependent on Innovation

Ahead of the G20 summit in Hamburg this year, the German Energy Agency (DENA) has created a list of innovative companies in order to emphasise the importance of innovation in any global energy industry transition.

The list is based on the entrants of the Start-up Energy Transition Award, which was presided over by an international jury. More than 500 start-ups from 66 countries made submissions for the awards in March 2017, which were distributed across six categories.

The list created for the G20 comprises not only the winners, but also some of the more innovative ideas presented, so as to emphasise not only the breadth of the innovative strength across the industry but also the importance of innovation in a good energy transition landscape.

“The number of entries, and the resulting GET100 list is immensely impressive,” said Mr. Achim Hartig, Director of Investor Consulting at Germany Trade & Invest (GTAI), and a member of the jury.

“Germany sits at the heart of a fully-fledged energy transition, which is absolutely dependent upon innovative thinking and the creation of a suitable economic foundation for this innovation to be given a chance to thrive.”

The Energiewende (Energy Transition) in Germany has seen a move from classic coal and nuclear-fuelled energy production towards a more sustainable energy production landscape, encompassing both supply-side solutions through renewable energies and demand-side solutions through energy efficiency measures.

On a recent holiday weekend, 85% of Germany’s energy need was met from renewable sources, while money spent on research into energy in Germany has more than doubled since 2006. The money spent has risen from €400m in 2006 to more than €875m in 2016.

“The federal government provides healthy financial backing to companies in all sectors of the energy industry, especially those seeking to innovate and disrupt,” continued Mr. Hartig.

“Our aim is to lead the global industry towards a safer, cleaner and more sustainable energy future. Small, innovative companies are the key to this aim’s potential success.”

Photo credit: http://www.colourbox.com. Material used in the preparation of this article has been drawn from Germany Trade and Invest (GTAI).

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