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Tesla – profitable in what way?

Tesla – profitable in what way?

by | Jul 21, 2021 | Germany, North America

Giga Factory in Grünheide, © Tesla
Giga Factory in Grünheide, © Tesla

Nowadays, Tesla [Nasdaq: TSLA] is largely making headlines not for of its financials but for the tweets of its charismatic chief executive, Elon Musk. His thoughts on cryptocurrencies such as bitcoin and doge coin, which, depending on the time of day, he says are a really good or a really bad deal, can dominate whole news cycles. Someone recently brought up the huge amounts of energy needed to mine them. As it turns out, the process uses non-renewable sources of energy, which could end up reflecting badly on the image of battery-electric cars as well. In response, Musk said he will rethink his position on bitcoin, which helped cause the cryptocurrency’s price to plunge from over USD 60,000 to USD 30,000. One might wonder what his behavior did to Tesla’s own USD 1.5 billion bitcoin investment.

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Hydrogen in climate protection: Class instead of mass

Hydrogen in climate protection: Class instead of mass

by | Jul 21, 2021 | Germany

Prof. Dr. Claudia Kemfert
Prof. Dr. Claudia Kemfert

SRU formulates recommendations to policy-makers

For hydrogen to contribute to climate protection, it should be produced in an environmentally friendly way and used sparingly. This is what the German Advisory Council on the Environment (SRU) recommends in a new statement. Accordingly, the market ramp-up should focus on green hydrogen from the outset and be subject to strict sustainability criteria. In the Council’s view, the use of hydrogen only makes sense in certain areas.

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Handelsblatt magazine’s Hydrogen Summit

Handelsblatt magazine’s Hydrogen Summit

by | Jul 21, 2021 | Germany, worldwide

Driven in part by the recent decarbonization aims of multiple countries and businesses around the world, there is now pressure on every stakeholder in the sector to establish a global hydrogen economy as fast as possible. That much was clear to those attending German Handelsblatt magazine’s online Hydrogen Summit on May 26 and 27. An oft-discussed issue also brought up at the summit was the color of future hydrogen supplies. In response, Wolfgang Büchele, who was Linde’s chief executive from 2014 to 2016, said, roughly, that the color of the gas – be it green, blue or gray – was not nearly as important as the speed at which a steady supply of hydrogen could become a reality.

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Kasten joins DWV’s senior leadership

Kasten joins DWV’s senior leadership

by | Jul 21, 2021 | Germany

PortraitThorsten Kasten, © DWV
Thorsten Kasten, © DWV

In April, gas and water industries association DVGW tapped Thorsten Kasten, 52, to co-lead hydrogen and fuel cell organization DWV. By unanimous vote, the DWV executive committee later confirmed the DVGW’s candidate as its new co-chair of the board. Kasten now serves alongside Werner Diwald, who has led the DWV since 2014.

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Number of HyStarter applications now at 65

Number of HyStarter applications now at 65

by | Jul 21, 2021 | Germany

HyStarter

HyStarter remains as popular as ever. Like the competition’s first round, the second attracted the interest of much more organizations than the German transportation ministry was able to fund. By May 14, the ministry’s NOW office had received 65 applications for funding local hydrogen economies as part of the HyLand program. Few of the organizations had already applied the first time around.

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Handelsblatt magazine’s Hydrogen Summit

Hydrogen Republic Germany, Part III

by | Jul 21, 2021 | Germany

This spring saw the start of the first Hydrogen Republic Germany idea competition, created and funded by the German education ministry. As part of the initiative, a total of EUR 56 million will go to 71 partner organizations involved in 16 basic research projects. Additionally, three industry-led hydrogen flagship ventures named H2Giga, H2Mare and TransHyDe will focus on answering fundamental questions about hydrogen economies, in order to provide a scientific basis for new product developments and application scenarios.

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