When it took office late last year, the new German government promised to introduce wide-ranging legislation by Easter to accelerate the transition to clean energy. The so-called “Easter Package” delivers on that pledge.
In the first week of April, Berlin’s Grover became the latest German unicorn after raising USD 330 million in Series C funding.
Germany has come out head and shoulders above the rest of the world in a new study by CranmorePartners and energyestate of the world’s best nations for investment in the hydrogen sector.
There have been a series of nine-figure financing rounds for fledgling German companies, with N26, Berlin Brands Group and Enpal all raking in massive hauls. And they weren’t the only ones. Here’s our bimonthly round-up of German venture capital success stories.
Dresden’s Sunfire has big plans for H2 in the eastern German city. The third-largest hydrogen technology company in the country has just raised EUR 109 million to fund a 500 megawatt production facility to be finished by 2023.
A whopping EUR 250 million financing round has taken Berlin-based solar energy provider Enpal over the EUR one billion mark in value. That massive haul came on top of another EUR 100 million round this spring.
Vancouver Rock Tech Lithium has announced its intention to construct a EUR 470 million production plant for battery-grade lithium hydroxide for electric vehicles in the town of Guben in eastern German regional state of Brandenburg.
Container ship sets sail from Germany for first-ever voyage powered by CO2-neutral liquid natural gas.
Germany’s healthcare market is the largest in Europe, and the reputation of its universities and research institutes is second to none. Now the country is increasingly starting to exploit its potential as an innovation hub for life sciences.
The German Environment Agency says that more than 12,000 tons of lithium-ion batteries were in use in Germany in 2019 – a figure that will be increasing dramatically year for year. That has companies, big and small, thinking about how to find a role in recycling.