Liquid natural gas (LNG) has emerged as an important element of Germany’s immediate strategy to diversify and secure its energy supply.
Industries / Energy & Environment
Dutch company AMG Lithium, a subsidiary of the Advanced Metallurgical Group, has broken ground on the first of five lithium production modules in Bitterfeld-Wolfen in the eastern German state of Saxony-Anhalt. The firm has investing EUR 120 million in the project.
Germany’s Minister for Economic Affairs and Climate Action Robert Habeck was personally on hand in the northern city of Wilhelmshaven as work commenced on the country’s first-ever liquid natural gas (LNG) terminal. Construction has been predicted to take until between the end of the year and ten months.
As part of the German National Hydrogen Strategy , which includes EUR two billion for international projects, the national government has launched an initiative it calls the International Hydrogen Ramp-up Program, or H2Uppp.
Up-and-coming Munich company Twaice has developed a software to analyze how much life EV batteries have left in them.
With political and environmental pressure growing to cut transportation-related CO2 emissions , newcomer Pepper Motion from the Bavarian capital wants to electrify diesel haulage trucks and busses. The start-up says that retrofitting is a crucial aspect of Germany reaching its ambitious greenhouse-gas reduction targets.
Woodlands around the world are suffering from the effects of climate change, so reforestation is set to become increasingly important. Berlin start-up Skyseed has developed a system of using drones to seed damaged areas.
Beyond recycling: Germany aims to be an ecological country, but it’s going to need a lot more of the circular economy. Business opportunities abound for innovative companies with solutions for how to reuse everything we produce and need.
The French and German governments are putting EUR 17.9 million into five projects aimed at using artificial intelligence to increase sustainability, identify and combat potential epidemics, and protect industry against disruptions to supply chains.
Medical technology leads the way in our bimonthly round-up of the biggest venture capital deals involving firms from Germany. But logistics, greentech and fintech companies also booked nine-figure funding rounds.