Business News

Breakthrough for German Hydrogen Network: €24 Billion Financing Secured

02.12.2024

A major milestone for German hydrogen infrastructure has been reached with KfW providing €24 billion for the national hydrogen core network (Kernnetz) development. The loan, signed on November 26, secures funding for the amortization account that bridges the initial cost gap between investments and network charges.

Krohne sponsors the NAMUR Annual General Meeting 2025

27.11.2024

The sponsor of the NAMUR Annual General Meeting 2025 has been announced. Krohne will play a key role in shaping the programme for next year's annual meeting of the interest group.

Tobias Schlichtmann becomes new Chairman of the Executive Board

27.11.2024

NAMUR has a new Chairman of the Board in Tobias Schlichtmann. He succeeds Felix Hanisch, who stepped down after a total of seven years at the helm of the interest group. There have also been extensive changes to the rest of the NAMUR Executive Board.

EU Hydrogen Bank Doubles Funding Volume

25.11.2024

The European Hydrogen Bank reports significant growth: Around 2 billion euros are available for its second auction round – more than double the amount of the first tender. This increase was made possible by Spain, Lithuania, and Austria joining the "Auctions-as-Service" mechanism.

NAMUR publishes update of NE 167

22.11.2024

NAMUR Recommendation NE 167 ‘Common Technical Terms of Delivery for Valves, Control Valves and PCT Field Devices’ has been revised in terms of content and editing. It contains significant updates and additions that further advance the standardisation and quality assurance of valves, control valves and PCT field devices in the process industry.

EU Supports Major Hydrogen Project on German-Polish Border

19.11.2024

The European Union is supporting an ambitious German-Polish hydrogen project in Western Pomerania. PNE AG is planning to produce up to one gigawatt of green hydrogen for both countries in the region. The EU Commission has now approved funding of 190,000 euros through its executive agency CINEA for initial feasibility studies.

ZVEI's "Digital Ecosystems & Smart Services" (DESS) platform launched

15.11.2024

With the new Digital Ecosystems & Smart Services (DESS) platform, the ZVEI is providing decisive impetus for the digital transformation of the industry. The aim of the initiative is to strengthen dialogue between companies and drive forward the integration of IT and OT.

Two valve manufacturers focus on new production

14.11.2024

Expansion is essential for many companies these days. For example, two manufacturers of industrial valves have recently invested in new production facilities. One of them is even located in India.

Hydrogen Infrastructure in Europe Needed Even at Low Demand

11.11.2024

A recent study by the Fraunhofer Excellence Cluster Integrated Energy Systems (CINES) shows that Europe must build extensive hydrogen infrastructure - even at low demand. European domestic production could cover up to 90 percent of the demand. The research forecasts a demand between 700 and 2,800 terawatt hours.

Autumn slump in German mechanical engineering

11.11.2024

The German mechanical and plant engineering industry is facing a turbulent autumn. All key indicators, including economic expectations, sales forecasts and capacity utilisation, point to a continued deterioration in the industry. This is shown by the latest mechanical engineering barometer from PwC Germany.