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Germany predicted to be smart grid investment hot spot

Germany aims for full deployment of smart meters by 2032 but Northeast Group predicts that it will achieve this sooner

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Germany is laying the foundations for investment in smart grid infrastructure
Germany is laying the foundations for investment in smart grid infrastructure

Germany is forecast to invest $23.6bn in smart grid infrastructure including 44 million smart meters by 2026, spurred by a change in regulations earlier this year, a new study suggests.

 

Although the country represents the largest market in Europe it has lagged behind its European peers in deploying smart grid infrastructure in the power sector according to Northeast Group’s Germany Smart Grid: Market Forecast (2016-2026) report.

 

The smart metering legislation passed in July 2016 is regarded as an important next step in the country’s broader transition to a low-carbon and energy efficient energy economy known as the ’Energiewende’. Despite ambitious renewable energy targets, Germany has failed to keep pace with its neighbours ­– many of whom will reach 80 per cent penetration by 2020­ – in meeting smart metering targets, the report stated.

 

“Germany is finally providing some clarity regarding its intentions for smart grid infrastructure investment,” said Ben Gardner, president of Northeast Group. “In July, the country passed its Act on the Digitization of the Energy Transition which calls for the deployment of smart meters. This will lay the foundation for much needed investment in smart grid infrastructure required to integrate the country’s growing supply of intermittent renewables.”

 

Beginning next year, select customer classes will begin receiving smart meters. Germany aims for full deployment of smart meters by 2032 but Northeast Group predicts that it will achieve this sooner once the benefits of smart metering become evident.

 

In addition to smart metering, Germany will also invest in other smart grid infrastructure segments. Over the next decade, the country will invest $14.1bn in advanced sensors, communications and software for its distribution grid and in battery storage.

 

Investment will be undertaken by the country’s four largest utilities: RWE, E.On, EnBW, and Vattenfall, as well as the numerous Stadtwerke, or municipal utilities.

 

The report indicates that several leading global vendors including ABB, Aclara, Elster (Honeywell), GE, Itron, Iskraemeco, Kamstrup, Landis+Gyr, Schneider, and Siemens will be vying for a piece of the German market.

 

Northeast Group is a Washington DC-based smart infrastructure market intelligence firm.

 

 

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