Germany Launches New Energy Efficiency Program for Small Businesses

Germany Trade & Invest shares the latest business opportunities at this week's Grid Week in Washington, DC

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Oct 01, 2012, 09:00 ET

BERLIN and FRANKFURT, Germany, October 1, 2012 /PRNewswire/ --

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.

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.

Germany Trade & Invest is the foreign trade and inward investment promotion agency of the Federal Republic of Germany. The organization advises foreign companies looking to expand their business activities in the German market. It provides information on foreign trade to German companies that seek to enter foreign markets.

Germany Trade & Invest
Andreas Bilfinger
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SOURCE Germany Trade and Invest