After months and months of new records, venture capital investment worldwide shows signs of cooling off. Nonetheless, some start-ups in Germany continue to pull in the big bucks, led be a red-hot insurtech from Berlin.
Process mining and optimization company Celonis from Munich has become the first start-up in Germany to crack the EUR 10 billion valuation mark. This was after receiving a EUR 500 million line of credit and EUR 400 million in venture capital from the Qatari state-run Qatar Investment Authority.
GTAI is very proud to have hosted its first-ever Virtual Hydrogen Investors Tour. Four live studios, three coal-producing-turned-H2/clean-energy regions, two separate events and one live stream! A veritable Who’s Who of German H2 discussed the future opportunities of the hydrogen sector in the Lusatia, Central German and Rhenish regions.
Germany’s most populous regional state, North Rhine-Westphalia, has announced the winners of the 2022 edition of NRW Global Business AWARD. Taking the honors were companies from the US, Japan, the UK/Ukraine and the German city of Dortmund.
Many companies and institutions regularly update their electronic hardware, replacing devices that are no longer state-of-the-art but are still perfectly functional. Startups have recognized a niche: repairing and recycling equipment for users who don’t need to be on the absolute cusp of the latest technology.
According to the Global Data Investment Monitor, Germany attracted more foreign direct investment than any other country in 2021. The Investment Monitor recorded 1537 projects, compared with 1517 for the United States in second place.
Germany’s Ministry for Economic Affairs and Climate Action has concluded a memorandum of understanding (MoU) with energy giants Uniper, RWE and EnBW/VNG on the liquid natural gas (LNG) terminals.
Beating the heat – that’s become the imperative for many places in the northern hemisphere this summer. Start-up Green City Solutions from the eastern regional state of Brandenburg has come up with an interesting way to cool off urban areas.
The humble heat pump’s monster big brother is going to play a major role in industrial processes and district heating in Europe’s largest economy. Experts say industrial applications abound.
According to figures from the Federation of the German Heating Industry (BDH), 25 percent more new heat pumps were delivered in the country in the first half of 2022 than in the same period the year before.
BASF/MAN
