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.
Industries / Energy & Environment
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.
Thai-Italian-German company Enapter has been given the “Fix our Climate” Award of the Earthshot Prizes, created by Britain’s Prince William. The award was made for Enapter’s modular AEM electrolyzer, which produces hydrogen for a variety of applications, including private homes.
Mukesh Ambani, known as the richest person in Asia, is putting up EUR 25 million of a EUR 39-million-total financing round for German company NexWafe.
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.
It will cost EUR 5 trillion for Germany to achieve its stated goal of becoming climate neutral by the year 2045 – that’s the conclusion reached by German state developmental bank KfW in a new study.
A new study carried out by the Dortmund University of Applied Arts and Sciences for business newspaper Handelsblatt shows that around one-third of the 3000 components of the Tesla Model 3 are made by German companies.
Between now and 2025, the German Ministry of Education and Research (BMBF) is to put EUR 30 million into artificial intelligence innovations in plastics recycling.
The German government has set the criteria for awarding EUR 350 million up for grabs between now and the end of 2024 for green hydrogen projects outside the country.
The Technical University of Dresden hopes that bigger will not only be better but also point down a new path for the future.