Energy

Solarwatt in tie-up to boost household energy self-sufficiency

A worker mounts 320 square metres of solar panels on the roof of a farmstead barn in Binsham near Landshut March 21, 2012/File Photo

Register now for FREE unlimited access to Reuters.com

FRANKFURT, May 4 (Reuters) – Germany’s Solarwatt has entered a partnership with home technology and heating specialist Stiebel Eltron to help households escape dependence on fossil fuels, the solar company said on Wednesday.

Owners of rooftop photovoltaic (PV) systems can save money and carbon emissions if they store unused electricity in batteries to be used later around the house, to charge electric vehicles or feed electric heat pumps.

Solarwatt provides PV systems, batteries and energy management devices.

Register now for FREE unlimited access to Reuters.com

The partnership announced on Wednesday will entail Stiebel Eltron heat pumps being fitted by Solarwatt tradesmen to link them to household PV systems.

Solarwatt last year hooked up with carmaker BMW (BMWG.DE) in a tie-up as both companies seek to maximise the electric vehicle sector’s growing potential. read more

The Dresden-based solar power business, which is majority owned by billionaire BMW shareholder Stefan Quandt, said that high energy prices and the war in Ukraine had demonstrated to Western European consumers the value of energy self-sufficiency.

read more

Solarwatt Chief Executive Detlef Neuhaus said that, given progress in digital energy management and falling solar PV costs, it had become easier and more economically attractive to widen the applications for home-produced energy.

“Such a system pays for itself after only a few years because the majority of cheap solar energy is actually used directly within the home,” he said.

On a wider scale, if all households installed PV systems for heat, power and e-mobility, a quarter of Germany’s CO2 emissions could be avoided, he said. read more

Register now for FREE unlimited access to Reuters.com

Reporting by Vera Eckert
Editing by Miranda Murray and David Goodman

Our Standards: The Thomson Reuters Trust Principles.

Leave a Reply

Your email address will not be published.

Back to top button