Business News
Breakthrough for German Hydrogen Network: €24 Billion Financing Secured
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.
Business News
Tobias Schlichtmann becomes new Chairman of the Executive Board
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.
Business News
EU Hydrogen Bank Doubles Funding Volume
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.
Business News
NAMUR publishes update of NE 167
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.
Business News
EU Supports Major Hydrogen Project on German-Polish Border
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.
Business News
ZVEI's "Digital Ecosystems & Smart Services" (DESS) platform launched
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.
Business News
Autumn slump in German mechanical engineering
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.
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Interviews
“We are seeing an increased demand for predictive maintenance”
Philipp Strauch, Sales Director DACH - Isolation & Pressure Management Valves at Emerson, and Volker Buchta, Sales Director DACH Flow Controls at Emerson, talk in an exclusive interview about Boundless Automation TM and the future plans of the company.
Interviews
“We have done pioneering work with the German LNG terminals”
The newly founded Deutsche Energy Terminal GmbH (DET) commenced business operations in January 2023. The federally owned company operates the four state-leased floating LNG terminals (FSRU) in Brunsbüttel, Stade and Wilhelmshaven.