The State Ministry for Environment and Energy is to make up to EUR 24 million in EU funds available for innovative technology by 2020 as part of a new subsidies programme called “Energy Transition in Companies.” The programme boosts energy transition projects that help firms use energy efficiently and reduces their energy costs in the long term.
Next phase of energy transition
The European Regional Development Fund is providing the financial means while Hamburg will contribute EUR 55 million in structural funds from 2014 to 2020 to strengthen investments in growth and employment. Each country must put a minimum 20 per cent of funds towards CO2 reducing measures. Hamburg is putting 44 per cent of funds towards this goal.
Jens Kerstan, Senator for the Environment and Energy, said: “We are tackling the next step of the energy transition. Hamburg and north Germany wish to be pioneers here. The share of renewable energies is growing and now we must focus on harmonizing consumption and production.”
Heating pumps, power-to-heat and power stores
To be eligible for funding, the projects must reduce a company’s CO2 emissions and contribute to more flexible energy consumption or energy generation. Heating pumps, waste heat utilization, power-to-heat, power-to-x, power and heat storage systems are just of the technical solutions that can be funded. On behalf of the State Ministry for Environment and Energy, the Hamburgische Investitions- und Förderbank (IFB Hamburg) is also funding consulting services for setting up a certifiable energy management system.