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Germany
German Budget Experts Push for Dividend Ban Tied to Energy Subsidies
Budget experts from Germany's ruling coalition on Friday stressed the need for a ban on dividends and bonuses being paid out at companies that benefit from gas …
Germany
Germany Must Ask High Earners to Help With Energy Relief - Economic Council
Germany must tighten its energy-relief measures in the face of soaring inflation, ensuring only households and businesses that need help are on the receiving en…
OPEC
German Economist Sues OPEC, Wants $50 in Compensation
A German economist has filed a lawsuit against OPEC with a Berlin court.
Hydrogen Technology
Race to Ship Clean Canadian Hydrogen to Europe Navigates Choppy Water
On Canada's tranquil Atlantic coast, a dozen companies are racing to ship Canada's first green hydrogen to Europe by 2025, aiding the continent's worldwide sear…
Smart Grid
E.ON Launches Digital Business to Manage Grid Complexity
Germany-based electric utility company E.ON has launched a subsidiary, E.ON One, in a digitalisation push.
Offshore Wind Power
Evonik Taps Into EnBW Wind Park in Industry's Clean Energy Push
Evonik secured about 100 megawatts (MW) of electricity per year from an EnBW offshore wind park.
Electric Car
German Tech Firm to Launch $25,000 Solar Car Next Year
German tech Sono firms expects to launch solar-powered EV in 2023.
Coal-Fired Power Plants
Germany's Cabinet Approves Accelerated Coal Exit by 2030 in Western State
Germany's cabinet on Wednesday approved a draft law to phase out coal-fired power plants in the western state of North Rhine-Westphalia by 2030 instead of a pre…
Natural Gas
Nord Stream 1 Operator Says It Found Craters at Damaged Pipeline Site
The Swiss-based operator of Russia-led Nord Stream 1 gas pipeline said on Wednesday it had completed initial data gathering at location of the pipeline damage o…
Green Investment Group Buys BayWa r.e. Bioenergy Platform
Maquarie Asset Management’s GIG acquires specialist biogas platform from BayWa r.e. AG and looks to grow business across Germany, Italy and rest of Europe.
Natural Gas
Germany Set to Attach Conditions to Gas Price 'Brake', Sources Say
The German government is likely to insist companies that benefit from a planned "brake" on gas prices meet conditions.
Energy-Eficient Building
E.ON to Reduce Buildings’ Energy Consumption by 20% As Winter Approaches
German electric utility company E.ON has announced efforts to reduce its energy consumption, which are expected to reduce energy use from its buildings by at le…
Electric Car
Inside the World’s First Affordable Solar-Powered Electric Vehicle: The $25,000 Sono Motors Sion
Germany company Sono Motors says it will bring a solar-powered electric vehicle to market in Europe in mid-2023. Sono has brought the car, called the Sion, on a…
High Energy Prices Force the World’s Largest Chemicals Company to Downsize
The world’s biggest chemicals company, Germany-based BASF, will seek permanent cost-saving measures in Europe due to the high energy prices endangering its com…
Natural Gas
Factbox: How Is Germany Replacing Russian Gas?
Germany, Europe's biggest economy and historically a major importer of Russian gas, is scrambling to secure alternative supplies following a plunge in flows fro…
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