German cities are keener than ever to get smart – especially in the wake of coronavirus – and this digitalization drive is creating real opportunity for foreign businesses. The government has pledged almost a billion euros for smart city projects over the next decade.
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Germany’s optics and photonics sector is growing vigorously and attracting major foreign investment. Its applications span from optical components for communications and medical technology to quantum computing and even space exploration.
One of the great advantages of hydrogen is its capacity to store excess energy for later use, but the gas itself also has to be stored. To this end, German energy company EWE is constructing an underground storage facility in the municipality of Rüdersdorf east of Berlin.
Germany’s market for unmanned aerial vehicles is expanding exponentially as more and more applications for drones are developed. The sector is projected to be worth €3 billion in the near future. Plus it’s a heck of a lot of fun.
With a host new production facilities underway in the country, Germany is poised to become Europe’s electric vehicle (EV) battery capital.
Unmanned aviation is taking off in a big way in Germany, with turnover in the sector expected to grow by billions over the next decade. International players have begun to take notice, particularly of an air mobility hub that is developing in the south.
German consumers have long been skeptical of e-commerce. But pandemic restrictions coupled with the sheer convenience of it have won Europe’s most conservative shoppers over to Internet retail platforms, as one sector in particular illustrates.
German shipping colossus Hapag-Lloyd placed a EUR 6 billion order for six ultra large container vessels (UCLVs) from South Korea’s Daewoo Shipbuilding & Marine Engineering. The massive ships are the equivalent of four football fields long and can transport over 23,000 containers.
Germany’s Association of Heat Pumps (bwp) says that a record 120,000 of the energy-efficient devices were installed in the country in 2020. That represents not only a new record but an annual growth rate of a whopping 40 percent.
Coronavirus may have dominated the headlines last year, but Germany’s pharmaceutical companies were busy fighting disease on a number of fronts.