The 2022 edition of the “Future Atlas” published every three years by German think-tank Prognos has found growing promise in areas outside Germany’s largest metropoles.
"Framework for Business"
German companies Smart Power and SMA Solar Technology are building what they say is one of Europe’s largest electricity storage facilities near the eastern German city of Eisenach. The “Wartburg storage battery” will help integrate renewably produced electricity into the power grid.
Leag, which previously specialized in coal, says it will convert 33,000 hectares of strip-mine land in the eastern region of Lusatia into a gigantic site for wind parks and solar farms. The announcement was made on September 29 at the Eastern German Energy Forum in Leipzig.
The 2022 Smart City Index, published every year by Germany’s digital trade association, bitkom, features a few surprises, but not at the very summit. Coming out tops again, for the fourth straight year, was the northern German port metropolis of Hamburg with 86.1 of 100 points.
German automaker Volkswagen is teaming up with Belgian materials technology company Umicore to produce cathodes for batteries in coming generations of VWs. The two companies will invest EZR three billion in the project.
US News and World Report’s annual list of the world’s best countries is out, and Germany trailed only Switzerland according to a variety of metrics. The criteria used by the American magazine were Adventure, Agility, Cultural Influence, Entrepreneurship, Heritage, Movers, Open for Business, Power, Social Purpose and Quality of Life.
Research institute Fraunhofer ISE says that before the end of September Germany had already generated more than 52.4 terawatt hours of solar electricity. That’s more than in all of 2021 or 2020, the previous record year with just over 50 TWh.
The Association of Researching Pharmaceutical Companies (vfa) says 36 newly approved medications have been introduced to the German market in 2022. That continues the strong innovation trend from 2021, when 46 new medicines were introduced in the calendar year, vfa added.
Launching a business is a sink-or-swim prospect – all the more so in a foreign country with a different language. But international entrepreneurs are increasingly braving the waters in Germany and feeling very comfortable.
What makes the research and development landscape in Germany so unique? And what advantages does it offer for international business? Fraunhofer Society’s Sebastian Bosse gives the answers.