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North Rhine-Westphalia’s finance minister switches from electric car to diesel, confirming the skepticism of electric car critics
Finance Minister Marcus Optendrenk is causing a stir in North Rhine-Westphalia by giving up his electric BMW i7 and switching back to a diesel. He cites long commutes and a tight schedule as the reasons, arguing that charging and range are not reliable enough for an electric car in a rural state. This directly contradicts
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Vattenfall plans to extend the operating lives of nuclear power plants by 20 years and simultaneously examine the construction of new SMRs
Vattenfall is realigning its nuclear strategy. The focus is on extending the operating lives of existing nuclear power plants in Sweden. At the same time, the company is examining the possibility of entering the field of small-module reactor (SMR) technology with new mini-reactors. CEO Anna Borg describes this as a path to predictable generation and
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Frost damage to new building – Wetzlar is demolishing the new parking garage and rebuilding it
Frost damage from 2024 is the reason why the new district parking garage in Wetzlar is slated for demolition. The new building on Karl-Kellner-Ring has stood empty for two years, despite being urgently needed. Now the Lahn-Dill district is planning its demolition and a completely new structure on the same site. Before the first car
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BASF is relocating administration to India – thousands of jobs are threatened in Berlin
Unease is growing in BASF’s offices, and in Berlin, it’s hitting a particularly sensitive core. The company is restructuring its central service operations, relying on India for the reorganization. Ironically, the Berlin-based service company, where around 3,000 employees handle tasks such as finance, human resources, and logistics for the corporation, is affected. This puts pressure
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A reckoning with the German energy transition – much built, little delivered, dearly paid for
Germany is reporting record wind and solar output, but the overall impact on the system remains small – and this is precisely where the reckoning with the reality of the energy transition begins. “A lot built, little delivered” describes the situation better than any celebratory announcement, because expansion alone doesn’t solve the supply problem. At
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Jungheinrich closes forklift truck factory in Germany and cuts 500 jobs
Forklift manufacturer Jungheinrich is closing a German plant and cutting hundreds of jobs. This is due to a massive price attack by Asian suppliers on the global market. However, the closure affects a production facility considered profitable. (bild: 14.02.26) Plant closure by March 2027: Lüneburg loses manufacturing, only some jobs remain Production at the Lüneburg
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Network operators pull the emergency brake and halt hundreds of battery storage applications
The battery storage boom is reaching a new level of escalation, as grid operators are currently rejecting massive numbers of grid connection applications. TenneT and other transmission system operators are removing hundreds of projects from the process. The number of submitted proposals significantly exceeds the actual usable grid capacity, which is why the operators are
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Insolvencies of large companies to reach a record high in 2025 – focus on hospitals, automotive and construction
In the Allianz Trade study, a company is considered a large corporation once it reaches at least €50 million in annual revenue. In 2025, Germany reached a record high for these large-scale insolvencies, with 94 companies going bankrupt. Hospitals, the automotive industry, and construction were particularly affected. This represents an increase of eight percent compared
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Survey shows: Climate protection and the energy transition are losing public support
A representative survey conducted by the Allensbach Institute for Public Opinion Research on behalf of the BMW Foundation Herbert Quandt reveals less support for climate protection and the energy transition. Many households are experiencing a decline in their standard of living due to sharp price increases, while at the same time, fears about job security
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Habeck’s expensive legacy – millions in subsidies wasted
Robert Habeck sold the green transformation as an engine for economic growth and portrayed new industries as a surefire job creator. His followers celebrated him as a green messiah, even though much of it only seemed viable thanks to subsidies and special regulations. Today, little substance remains of that initial vision of progress, as one
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Icebreaker out of service – Murkan LNG terminal still blocked by ice
The icebreaker “Neuwerk” was moved from the North Sea to the Baltic Sea to clear a channel to the frozen LNG terminal in the port of Mukran. Now, the “Neuwerk” has broken down due to a technical defect, causing the critical bottleneck to reappear. As a result, the LNG tanker “Minerva Amorgos” is still unable
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France cuts targets for wind and solar energy and accelerates the expansion of nuclear power
France is changing its energy policy by decree and implementing a new legal framework. This includes lowering targets for wind and solar energy, while significantly strengthening nuclear power. At the same time, the share of decarbonized electricity in total energy consumption is to increase rapidly, thereby reducing the importance of oil and gas. Furthermore, a
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Gas storage levy blunder costs the federal government an extra 500 million – tax office decides
The abolition of the gas storage levy was intended to provide significant relief to gas customers, but it is now proving more expensive than announced. Instead of three billion euros, more than 3.5 billion euros flowed from the federal budget because value-added tax (VAT) is also involved. The Finance Ministry confirmed the higher sum upon
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Breakthrough in synthetic fuels – China converts CO₂ using sunlight
Carbon dioxide is produced in many industrial processes and remains available as a raw material. At the same time, aviation, shipping, and parts of the chemical industry still require liquid energy carriers. Electricity alone often cannot cover these applications because energy density, storage, and existing infrastructure play a major role. A new study from China
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Carl Zeiss Meditec plans to relocate production to China
Carl Zeiss Meditec is pulling the plug on its China business because access to its most important market is becoming more difficult. The company plans to relocate more production to the People’s Republic to continue selling there. CFO Justus Felix Wehmer said: “To continue participating in the large Chinese market, we need to shift more