Tag Archives: Germany

Deutsche Telekom Retains Title as Germany’s Most Valuable Brand, Achieves Record-Breaking Brand Value

(IN BRIEF) Deutsche Telekom secures its position as the most valuable German brand, according to the BrandZ study “Top50 Most Valuable German Brands” by Kantar. With a brand value of $73.5 billion, marking an 18% contribution to the total ranking … Read the full press release

RWE Inks Major Power Purchase Agreements with German Industrial Giants

(IN BRIEF) RWE Supply & Trading has finalized Power Purchase Agreements (PPAs) with seven prominent German industrial customers, securing the supply of approximately 1,000 gigawatt hours per year of green electricity from its Kaskasi offshore wind farm starting in 2026. … Read the full press release

Thales to Provide Advanced Satellite Communication System for German Navy’s F126 Frigates

(IN BRIEF) Thales, a global leader in military communication satellites, announces the provision of SurfSAT-L satellite communication terminals for the German Navy’s F126 frigates. These state-of-the-art systems ensure high-performance, secure long-range connectivity crucial for naval operations, particularly in challenging maritime … Read the full press release

Rheinmetall Breaks Ground on New Ammunition Factory to Bolster Germany’s Defence

(IN BRIEF) Rheinmetall AG is undertaking a significant strategic initiative to enhance Germany’s national security preparedness by constructing a new ammunition factory, “Werk Niedersachsen,” at its Unterlüß site in Lower Saxony. This factory, with an investment volume of around €300 … Read the full press release

Vodafone’s Drone Project Delivers Medicine and More to Remote Villages

(IN BRIEF) Vodafone’s innovative drone project in collaboration with partners like Wingcopter and Frankfurt University of Applied Sciences has expanded to include medicine delivery in addition to groceries to residents of remote villages around Michelstadt, Germany. Through the ‘LieferMichel’ platform, … Read the full press release

DHL Trials Hydrogen-Powered Trucks for Sustainable Freight Transport in Germany

(IN BRIEF) DHL Freight, in collaboration with Post & Parcel Germany, has initiated a one-year pilot project deploying hydrogen-powered trucks manufactured by Paul Nutzfahrzeuge GmbH at its Cologne location. These trucks, based on the Mercedes-Benz Atego, mark DHL’s commitment to … Read the full press release

Vodafone and Autobahn GmbH Collaborate to Bring 5G to All German Motorways by 2028

(IN BRIEF) Vodafone and Autobahn GmbH have unveiled plans to expand 5G coverage across all German motorways by 2028. The initiative involves erecting additional cellular masts to eliminate coverage gaps, densify the network, and reduce dropped calls. This extensive 5G … Read the full press release

ANDRITZ Unveils Award-Winning Extraction System and Innovation Center at Anuga FoodTec 2024

(IN BRIEF) International technology group ANDRITZ is set to showcase its extensive array of solutions for dewatering, drying, and automation in the food industry at Anuga FoodTec 2024 in Cologne, Germany. One of the highlights includes their groundbreaking Turbex extraction … Read the full press release

EIB Invests €150 Million in Germany’s Lusatia for Social and Green Transformation

(IN BRIEF) The European Investment Bank (EIB) has committed €150 million to the 2038 Lusatia program, aimed at mitigating the socio-economic impact of lignite phase-out and advancing climate neutrality in the region. Collaborating closely with Investitionsbank des Landes Brandenburg (ILB), … Read the full press release

Germany Signs €1.2 Billion Contract for Short- and Very Short-Range Air Defence System Development

(IN BRIEF) Germany’s Federal Office for Bundeswehr Equipment, Information Technology and In-Service Support (BAAINBw) has signed a €1.2 billion development contract with the Short- and Very Short-Range Air Defence System Consortium (ARGE NNbS) for the “Air Defence System, Short- and … Read the full press release

PNE Group Continues to Advance its Wind Energy Expansion in Germany

(IN BRIEF) PNE Group has commissioned and added two new wind farms in Schleswig-Holstein, Germany, with a combined rated output of 21.6 MW to its renewable energy portfolio. The wind farms are located in Hamwarde and near Stuvenborn and consist … Read the full press release

Coordinated Action Targets Illegal Exports to Russia; Three Suspects Arrested

(IN BRIEF) Eurojust and Europol supported a joint operation by Dutch, German, Latvian, Lithuanian, and Canadian authorities targeting alleged violations of export sanctions to Russia. During the operation, three suspects were apprehended, and 14 locations were searched as part of … Read the full press release

Coordinated Operation Across Four Countries Targets Online Trading Fraud Network Defrauding Millions

(IN BRIEF) Judicial and law enforcement authorities from Germany, Cyprus, Bulgaria, and Sweden collaborated in a coordinated action against an organized crime group suspected of online trading fraud. The criminal network operated fraudulent online trading platforms from call centers and … Read the full press release

Eneco and Corre Energy Join Forces for Groundbreaking Compressed Air Energy Storage Project in Germany

(IN BRIEF) Eneco and Corre Energy have entered into a provisional agreement to jointly develop and invest in Corre Energy’s inaugural compressed air energy storage (CAES) project in Germany, located in Ahaus, North Rhine-Westphalia. This collaboration will allow Eneco to … Read the full press release

RWE’s Agrivoltaics Plant in Germany Begins Green Electricity Supply

(IN BRIEF) RWE’s agrivoltaics (Agri-PV) plant in Germany, which integrates power generation and agriculture, has commenced the supply of green electricity to the grid after a rapid five-month construction period. Located on approximately seven hectares of recultivated land near the … Read the full press release

Record-Breaking Year for European Offshore Wind in 2023, With Positive Outlook and Investments

(IN BRIEF) Europe experienced a remarkable year in offshore wind energy in 2023, witnessing a record 4.2 GW of new offshore wind farms coming online, marking a 40% increase from the previous year. Investments of €30 billion were confirmed for … Read the full press release

UniCredit Achieves Top Employer Certifications Across Europe for Eighth Consecutive Year

(IN BRIEF) UniCredit has received certification from the Top Employers Institute for the eighth consecutive year, highlighting its commitment to employee well-being and excellence in HR policies. The European-level Top Employer Certification was awarded based on local certifications in Bulgaria, … Read the full press release

Covestro Partners with Encina for Circular Chemicals Supply in Sustainability Drive

(IN BRIEF) Covestro, a leading global high-performance polymer company, has entered into a long-term supply agreement with Encina, a US-based producer of ISCC PLUS certified circular chemicals. Encina will supply Covestro with chemically recycled circular feedstock derived from post-consumer end-of-life … Read the full press release

Maersk and Hapag-Lloyd Announce ‘Gemini Cooperation’ for Enhanced Ocean Network

(IN BRIEF) Maersk and Hapag-Lloyd, two major shipping companies, have unveiled a new operational collaboration named the “Gemini Cooperation,” set to commence in February 2025. The partnership aims to provide a flexible and highly reliable ocean network, with a combined … Read the full press release

Rheinmetall’s Skyranger 30 Air Defence System Progresses Towards Series Production

(IN BRIEF) Rheinmetall’s mobile Skyranger 30 air defence system has achieved a significant milestone as it moves closer to series production. The successful testing and live-fire campaign of the Skyranger 30 A1 configuration in December 2023 marked an important step … Read the full press release

Destatis: Germany’s Employment Sees Modest Uptick in November 2023, Reaching New High

(IN BRIEF) In November 2023, approximately 46.1 million persons residing in Germany were employed, marking a slight increase in employment. According to provisional calculations from the Federal Statistical Office (Destatis), the seasonally adjusted number of persons in employment rose by … Read the full press release

Vestas Secures Order for 8 Wind Turbines from BayWa r.e. for Dollenkamp Project in Germany

(IN BRIEF) Vestas has received a confirmed order from BayWa r.e. for the Dollenkamp project located in Brakel, North Rhine-Westphalia, Germany. The order comprises eight V162-5.6 MW wind turbines, covering supply, delivery, and commissioning services. Once operational, Vestas will provide … Read the full press release

Engineering Firm Wood to Play Key Role in Expanding Germany’s Renewable Energy Grid

(IN BRIEF) Wood, a global consulting and engineering firm, has been awarded a contract by Dragados Offshore to design and support the development of three massive 2GW convertor stations in the German North Sea. These stations will transfer offshore wind … Read the full press release

Evonik Expands POLYVEST® HT Plant in Marl, Germany to Strengthen Its Position in the Specialty Chemicals Market

(IN BRIEF) Specialty chemicals company Evonik is investing double-digit millions of euros to expand its POLYVEST® HT plant in Marl, Germany. This expansion, expected to be completed by the second quarter of 2024, will increase production capacity for hydroxyl-terminated polybutadienes … Read the full press release

Nicola Beer Appointed as First Female German Vice-President on EIB Management Committee

(IN BRIEF) Nicola Beer has been appointed as the first female Vice-President on the European Investment Bank’s (EIB) Management Committee, representing Germany. With a background in law and politics, Beer brings extensive experience from her roles as a member of … Read the full press release

European Payments Initiative (EPI) Completes Successful Account-to-Account Instant Payment Transactions with wero

(IN BRIEF) The European Payments Initiative (EPI) has achieved a significant milestone by successfully completing its first account-to-account instant payment transactions using its newly developed solution, wero. In a proof of concept conducted between Sparkasse Elbe-Elster in Germany and Banque … Read the full press release

European Investment Fund Joins Bürgschaftsbank for €200 Million SME Financing Boost in Germany

(IN BRIEF) Bürgschaftsbank Baden-Württemberg (BBBW) and Bürgschaftsbank Nordrhein-Westfalen (BBNRW) are expanding their guarantee support for regional financial institutions aiming to provide financing to small and medium-sized enterprises (SMEs) in the German states of Baden-Württemberg and North Rhine-Westphalia. The European Investment … Read the full press release

Arcadis Ost 1 Wind Farm Powers Up, Adding 250 MW of Renewable Energy to German Grid

(IN BRIEF) The Arcadis Ost 1 wind farm, situated off the coast of Rügen in Mecklenburg-Western Pomerania, Germany, has commenced full capacity operation, contributing 250 megawatts (MW) of renewable energy to the German electricity transmission system. The wind farm operator, … Read the full press release

Vattenfall and BASF Forge Green Partnership for German Offshore Wind Farms

(IN BRIEF) Vattenfall and BASF have signed a Memorandum of Understanding to collaborate on the Nordlicht 1 and 2 offshore wind farm projects in the German North Sea. BASF is set to acquire a 49% stake in these projects, which … Read the full press release

Airbus Begins Production of Galileo Second Generation Satellites in Germany

(IN BRIEF) Airbus has commenced full-scale production of the Galileo Second Generation (G2) satellites at its facility in Friedrichshafen, Germany. The first satellite flight model structure has arrived from Beyond Gravity in Zurich and will undergo final integration and testing … Read the full press release

Yara Eyde: Pioneering Emission-Free Shipping with Clean Ammonia-Powered Container Ship

(IN BRIEF) Yara Clean Ammonia, North Sea Container Line, and Yara International have collaborated to create the groundbreaking Yara Eyde, the world’s first container ship to be fueled by clean ammonia. This innovative vessel will embark on an emission-free sea … Read the full press release

DHL Breaks Ground on Carbon-Neutral European Innovation Center in Troisdorf, Pioneering Sustainable Timber Construction

(IN BRIEF) DHL is commencing the construction of a state-of-the-art, carbon-neutral European Innovation Center in Troisdorf, Germany, representing the company’s first venture into timber construction and a strong commitment to sustainability. Set to be completed in April 2025, the new … Read the full press release

Global Authorities Collaborate to Dismantle Ransomware Network Responsible for Widespread Attacks

(IN BRIEF) Judicial and law enforcement agencies from seven countries have joined forces to take action against a criminal network responsible for a series of damaging ransomware attacks worldwide. These attacks have affected over 1,800 victims in 71 countries, primarily … Read the full press release

TenneT and Statnett Explore Hybrid Interconnector for North Sea Wind Energy

(IN BRIEF) On November 16, 2023, transmission system operators TenneT and Statnett signed a Memorandum of Understanding (MoU) to investigate the feasibility of a hybrid interconnector linking Germany and Norway in the North Sea. Instead of connecting North Sea wind … Read the full press release

ANDRITZ to Supply High-Capacity Shredders for Polypropylene Recycling in the US

(IN BRIEF) International technology group ANDRITZ has secured an order from Krones AG, Germany, to provide six ADuro S shredders for a polypropylene (PP) recycling plant in the Southeast United States. These shredders, set to be operational in 2024, offer … Read the full press release

WACKER Unveils Advanced Silicone Products for Medical Applications at COMPAMED Trade Show

(IN BRIEF) WACKER, a leading provider of silicone solutions, is showcasing a range of innovative silicone products designed for medical applications at the COMPAMED medical technology trade show. One of the highlights is SILPURAN® 2124, a highly adhesive silicone gel … Read the full press release

EIB Grants €30.5 Million Loan to DOMINION for Technological Advancements and Innovation Across Europe

(IN BRIEF) The European Investment Bank (EIB) has recently entered into a €30.5 million loan agreement with DOMINION, a multi-technology services and integrated projects company, to fund the development of cutting-edge technology aimed at designing innovative engineering and computing solutions. … Read the full press release

SAP Finalizes Acquisition of LeanIX, Expanding Transformation Suite

(IN BRIEF) SAP SE has successfully concluded its acquisition of LeanIX, a prominent player in enterprise architecture management (EAM). LeanIX specializes in facilitating the modernization of IT landscapes and continuous business transformation through its software-as-a-service solutions. These tools empower organizations … Read the full press release

Telefónica Launches Voluntary Public Acquisition Offer for Telefónica Deutschland Shares

(IN BRIEF) Telefónica, through its subsidiary Telefónica Local Services GmbH, is making a voluntary public acquisition offer to acquire up to 28.19% of Telefónica Deutschland shares not currently held by Telefónica. The offer price of EUR 2.35 per share represents … Read the full press release

E.ON Presents Digital Heat Map for Germany to Support Energy Transition in Heating Sector

(IN BRIEF) E.ON, in collaboration with Klara Geywitz, Federal Minister for Housing, Urban Development, and Building, has introduced a comprehensive digital heat map for all of Germany. This interactive tool provides insights into the current status of heat supply in … Read the full press release