One of the global leaders in battery technology and energy storage systems, SVOLT Energy Technology from China, will be building a production facility in the town of Lauchhammer in the eastern German state of Brandenburg.
Industries / Machinery & Equipment
Germany’s efforts to transition to a sustainable economy have provided a major boost to funding for greentech start-ups. International companies are flocking to Germany to benefit from the boom in environmental technology and generous government incentives.
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 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.
The German-Finnish start-up IQM has taken in some EUR 128 million in funds from investors and rocketed up to sixth overall in terms of the volume of deals, according to business newspaper Handelsblatt.
A 92-year-old retired mechanical engineer from Leipzig in Saxony has designed a novel wind turbine that experts say could generate up to 200 percent more electricity than conventional ones.
Newly founded venture capital provider Einstein Industries Ventures says it will invest EUR 300 million in promising young German New Space companies. The fund made the announcement at the ongoing ILA Aerospace Trade Fair in Berlin.
As part of its drive to push connectivity in Germany, the government has pledged to dramatically expand the country’s fiber optic network, especially in rural and remote areas. Start-up One Fiber from the southwestern city of Mainz has an innovative idea for how to do this: use Germany’s extensive rail system.
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.