Renewables Records

According to the Fraunhofer Institute, renewables accounted for 47.7 percent of Germany’s electricity production from January to June 2019, up 6.7 percent over the same period in 2018. In June, for the first time ever, solar power was Germany’s leading power source (19 percent), while renewables in general represented 51.9 percent of electricity generated.

Boomtown Berlin

There’s no question which city is Germany’s start-up capital. According to a report by consultancy Ernst & Young, the so-called start-up barometer, 2.1 billion of the 2.8 billion euros invested in fledgling German firms in the first half of 2019 went to Berlin.

Turning Coal into Innovation: German Greentech and Beyond

It´s only logical that any serious agenda for fulfilling the Paris Climate Agreement will entail new jobs and new value chains in many regions and economic sectors. In Germany, phasing out coal is part of this agenda. The federal German government has specified that the phase-out must open up new opportunities for the people and the economies of coal-producing regions.

The Siemens Way

Siemens plans on investing up to EUR 600 million in its historic Siemensstadt (Siemens City) campus in Berlin. It is the largest single investment in the company’s history and reflects Germany’s strength as an innovation hub.

Valuable Fumes

Thyssenkrupp has opened a research group with the aim of transforming off-gasses created in steel production into methanol, which can be used as fuel.

Japanese Investment for Berlin

On a visit to the Japanese capital in May, Berlin’s mayor announced that Japanese company Nippon Telegraph and Telephone (NTT) would be investing more than a hundred million of euros in his city in the years to come.

Older Online Shoppers

When you think of online shopping, you probably don’t imagine customers aged 60 and older. But maybe you should.

Clever Cooperation

This May, IBM Watson and Bavaria’s Fortiss institute opened a joint technology center in the Bavarian capital Munich.

Cashless Payment

According to a survey of 435 retail businesses by the research organization EHI, for the first time ever, in 2018 Germans paid more often with credit or debit cards (48.6%) than cash (48.3%) for their retail purchases.

American Businesses Love Germany

In its annual Transatlantic Business Barometer survey, the American Chamber of Commerce (Am Cham) in Germany determined that 81% of US entrepreneurs in Germany rated the country as a “very good” or “good” business location.