July 17: Germany’s energy efficiency branch growing despite lower energy costs

July 2017

German businesses providing energy efficiency solutions turned over 143 billion euro in 2016, a study published by the German energy efficiency industry association DENEFF and PricewaterhouseCoopers (PwC) has found. The extrapolated figure represents growth of nearly 6 percent on 2015. According to the paper, the branch now employs 600,000 people.

The report attributes these positive developments primarily to the political framework - despite the current low energy prices.

DENEFF notes that the branch is seeing a growing number of new market entries, many of which are startups, and cites trends such as digitalization and innovative business models.

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