Germany’s federal government has been investing in waste heat utilization through the KfW 294 funding program since 2016. Now the already extremely generous program has been given a further boost.
As before, companies investing in waste heat avoidance or utilization can still take advantage of a low-interest KfW development bank loan coupled with a repayment grant for up to 40 percent of the eligible additional investment costs. Alternatively, companies can now opt for a direct grant following the completion of their project. That means firms do not have to take out a loan from the state development bank in order to benefit from the funding.
The potential savings through waste heat avoidance and utilization are enormous. Around three quarters of the final energy consumption in German industry and trade is needed for process heat. However, most of this energy is lost in the form of waste heat to the tune of around 200 TWh every year — more than the entire annual energy consumption of Denmark.
To combat this, the government launched a "waste heat offensive" last year to assist companies investing in the prevention or use of waste heat. Since the program’s launch, around EUR 150 million have been invested with annual CO2 savings of more than 100,000 tonnes.
If your company works in waste heat avoidance, storage, or utilization, get in touch with GTAI’s industry experts who would be happy to advise you on the opportunities in Germany.
BMWi: Press release (in German)