Heating system manufacturer Vaillant has – again – put its fuel cell business on hold. Management announced on March 14, 2017, during the ISH in Frankfurt, Germany, that it had “reduced development capacities in fuel cells [and] put the market introduction of the fuel cell heating system for single-family buildings on hold for the time being.” Instead, Carsten Voigtländer, CEO of the Vaillant Group, intends to put a greater focus on renewable energy and heat pumps. In his view, “there currently is no fuel cell heating system that would be economically feasible for owners of real estate.”
Sascha Kuhn Now at Elcore
Elcore, a manufacturer of fuel cell heating systems, had already elevated Sascha Kuhn to a board position at the beginning of this year. The former CEO of Bayerngas Energy Trading is expected to use his management skills to advance the growth of the company located in Munich, Germany. Kuhn has had longtime experience in the energy industry and is considered a specialist in helping growth-phase businesses. At Elcore, he has taken over the commercial tasks at board level.
BMWi starts incentive program for market launch
In May 2015, the German Federal Ministry for Economic Affairs and Energy (BMWi) presented the long-awaited funding instrument for the market launch of fuel cell heating devices. As announced by Minister of Economic Affairs Sigmar Gabriel, the market launch is to be supported via the so-called Energy Efficiency Incentive Program. The program is part of the National Action Plan on Energy Efficiency (NAPE), which was passed by the German federal government at the end of 2014. With other projects, it aims to contribute to a big improvement in the level of effectiveness in the construction sector. The package of measures has an annual funding volume