Now Germans Get Paid To Use Power

Now Germans Get Paid To Use Power

Germany hit an incredible new high in renewable energy generation at the weekend – pushing power prices into the negative and assured to pay customers to use electricity.

In total, 87% of the power consumed in Germany was made around midday the country’s wind, solar, hydro and biomass plants, according to a report by Quartz. The average percentage last year was 33%.

In last year, Germany’s renewable energy mix was 33% and is hoping to be on 100% renewable energy by 2050.

Over the last few year, Germany has spent in renewable power mainly wind and solar over $200 billion. The country’s power plants deliver more electricity into the grid, when demand for electricity is low on weekends that time major factories and offices are closed or when the weather is unseasonably sunny.

When amounts of wind generation are high, Germany’s grid operative engineer can struggle to maintain the balance between electricity consumed by people and how much electricity is being generated. Negative prices mean that manufacturer must either shut down power to decrease supply or pay customer to take the electricity off the grid.

On weekends and holidays, demand for power supply is low. About 12 percent of Germany’s power is produced by giant spinning turbines. Wind power is mostly dependent on changing in weather pattern but on windy days, electricity can produce several times than produced by the giant spinning turbines.

Several countries in Europe including Belgium, Britain, France, the Netherlands and Switzerland have experienced negative power prices. Germany’s incursion into negative pricing is the most recurrent. Germany had so much renewable energy and it is in a condition to transport its excessive amount of electricity to its neighbors, helping to balance the market. Still, Germany experiences of negative prices are repeatedly longer, and deeper, than other countries negative pricing.

Bruno Miller is a chief editor at MarketPRNews. He has 13 + years of experience in Content Writing & blogging. His hobbies are Travelling, Reading and learning new things.

2022 Global Heat Transfer Fluids Market Industry Environment Development Trend & Forecast Report

The Heat Transfer Fluids Market is projected to achieve USD three.64 billion by 2022 at a CAGR of vi.9% from 2017-2022. the rise in demand from the chemical and oil & gas industries for energy optimisation has cause the expansion of warmth transfer fluids market, whereas fireplace and explosion hazards area unit seen hampering the expansion. High performance properties like ability to resist high temperatures and high energy potency area unit major contributory factors to the forcasted growth of the market.

The heat transfer fluids market is projected to grow at a CAGR of 6.9% in terms of value during the forecast period

Heat Transfer Fluids Market was valued at USD 2.61 billion in 2017 and is projected to reach USD 3.64 billion by 2022, at a CAGR of 6.9% from 2017 to 2022. The growing demand from the chemical and oil & gas industries for energy optimization is driving the heat transfer fluids market, while fire and explosion hazards restrain demand.

Among types, the market for silicones & aromatics based heat transfer fluids is projected to grow at the highest CAGR from 2017 to 2022

Silicones & aromatics is the highest growing heat transfer fluid type. High performance properties such as ability to withstand high temperatures and high energy efficiency are major factors responsible for the high growth of the market. Moreover, this type is widely used in the chemical processing end-use industry, which is the largest market for heat transfer fluids globally.


Among end-use industries, the renewable energy segment market is projected to grow at the highest CAGR during the forecast period

Renewable energy is the fastest-growing end-use industry due to increasing efforts across the world to conserve energy and use alternative sources of energy which are environment friendly. Heat transfer fluids are used in concentrated solar plants and for bio-diesel production. Growing demand for concentrated solar power for primary energy purposes in developed and emerging countries such as the US, China, Spain, South Africa, and India are also major factors for highest growth rate.

The Asia Pacific heat transfer fluids market is projected to grow at the highest CAGR during the forecast period

The Asia Pacific heat transfer fluids market is projected to grow at the highest CAGR during the forecast period, owing to the increased demand for heat transfer fluids in chemical and oil & gas projects. Countries in the Asia Pacific are expanding their production capacities and investing in new projects to decrease dependence on imports and thereby boosting regional energy security and autonomy.

This study has been validated through primaries conducted with various industry experts, worldwide. The primary sources have been divided into three categories, namely, company type, designation, and region.

– By Company Type – Tier 1-70%, Tier2 -20%, and Tier 3-10%

– By Designation – C Level-5%, Director Level-20%, and Others-75%

– By Region – Asia Pacific-45%, Europe-35%, Middle East & Africa-10%, North America-5%, and South America-5%

Companies Profiled in the Report:

The key players profiled in the report include Dow (US), Eastman (US), Exxon Mobil (US), Chevron (US), Paratherm (US), BASF (Germany), Lanxess (Germany), Huntsman (US), and Global Heat Transfer (UK).


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Bharat Book is the leading market research information provider for market research reports, company profiles, industry study, country reports, business reports, newsletters and online databases Bharat Book Bureau provides over a million reports from more than 400 publishers around the globe. We cover sectors starting from Aeronautics to Zoology.