Germany is a global pioneer in renewable energy and environmental technologies. In the first half of 2022, 50% of the country's power was produced through renewables. Following the government's policy transition to lowcarbon, non-nuclear, sustainable energy - 'Energiewende' - the country's investment in renewables has skyrocketed. The "megatrends" of environmental protection and sustainability are boosting efficiency and technological development across all German industries, according to KPMG. One key sector for the country's transition to renewable energy is hydrogen energy. In June 2020 a €9B investment in hydrogen energy was announced under the National Hydrogen Strategy, with €2B earmarked for international partnerships, whilst a further €20B of the wider €177B energy shift acceleration package has been allocated to the development of the hydrogen energy sector specifically.
One of these successful SME's investing in green hydrogen is Schmidt Kranz Group. Founded in 1885, the family-owned business builds on over 130 years of experience and expertise in high-performing machines and component manufacturing. Today, it consists of several medium-sized groups of businesses and has an international presence in over 25 countries across the globe.
This story is from the February 24, 2023 edition of Newsweek Europe.
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This story is from the February 24, 2023 edition of Newsweek Europe.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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