Moritz Schwencke

RWE and Salzgitter Group Sign 7-Year PPA for 64 GWh of Green Electricity from Boitzenburger Land Solar Park RWE Supply & Trading and the Salzgitter Group have agreed to a long-term green electricity supply for up to 64 gigawatt hours per year. The seven-year contract will begin in 2027. The green electricity will be sourced from the 180-megawatt peak Boitzenburger Land solar park in Brandenburg, one of Germany’s largest PV systems, covering approximately 170 hectares. Operational since autumn 2023, the park is co-owned by Solarenergie Boitzenburger Land GmbH, the GP JOULE Group, and Mainova AG, with Mainova responsible for electricity marketing. “We are delighted to be able to support our long-standing customer Salzgitter in realising its sustainability strategy,” […] Read the full story here: https://lnkd.in/dpshFk5i #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #europe #germany #renewableenergy #renewableenergy #rwe #salzgitterag #solarenergy

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Today is a big day for the ramp up of the hydrogen economy – a key element of the energy transition! RWE and other companies have received grants from the German federal and state governments to develop large-scale hydrogen projects. RWE has been awarded grants for two projects. They are part of the GET H2 initiative, a unique integrated approach along the entire value chain. Several partners are planning hydrogen production, transport as well as storage infrastructure – a huge effort for the decarbonisation of industry. RWE will receive funding for the construction of a 300-megawatt electrolysis plant in Lingen, Lower Saxony, which will be one of the largest facilities in Europe. The second project is our storage facility in Gronau-Epe, North Rhine-Westphalia, which will help to buffer the fluctuating production of green hydrogen. Furthermore, we are also part of a consortium that is working towards the construction of a 100-megawatt electrolysis plant in Rostock. This is another project that has received a grant. The EU has certified all the projects as “Important Projects of Common European Interest” (IPCEI), which was the basis for the funding commitments. I am very happy that we are moving forward, after more than three years, more than 1,000 pages of documents and countless hours answering detailed questions. I think we can all agree that there are opportunities for speeding up such bureaucratic processes on a European level to uphold Europe’s competitiveness. For today, we can celebrate that the ramp-up of the hydrogen economy is now underway. A massive well done to everyone involved from #TeamRWE and our partners.

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New article in Deutscher Mittelstands-Bund (DMB) e.V. 🏭 In this insightful piece, our Deputy Head of Sales, Ralph Stemper, discusses why modernizing the grid is crucial for effectively using renewable energy. With high energy costs, the German Mittelstand faces challenges, especially with limited grid capacities for solar power. ⚡ Key points include: 1. Current Grid Limitations 👉 Outdated infrastructure can't handle increasing solar energy production. 2. Challenges for Solar Projects 👉 Many solar installations can't connect to the grid due to local infrastructure and high transformer station costs. 3. Decentralized Energy Supply 👉 Decentralization is needed but requires significant adjustments. 4. Long-term Benefits 👉 Enhancing the grid will make renewable energy more accessible and cost-effective for SMEs. Curious to learn more? 🌱 👉 Read the full article here (DE): https://lnkd.in/eGMcZxhh #renewableenergy #energyefficiency #solar #deutschermittelstand #gridmodernization

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AI will shape the future of the energy sector, and vice versa. This was one of the key messages at the AI Day @ RWE that took place this week. We face a confluence of three significant factors: the rising demand for electricity worldwide, the growth of AI and its own corresponding electricity demand, and the need to accelerate the net-zero energy transformation.  AI is therefore more than a useful helper for daily work. It is simultaneously a demand driver, a challenge for local grids, and a tool to drive the energy transition forward. There are many possible pathways here, and each factor must be considered in combination with the others.  What’s clear is that the energy use of AI and data centres is growing rapidly, particularly in industrialised countries. The electricity demand for data centres is projected to rise 9% per year in the EU and could exceed 5% of the bloc’s total electricity demand by 2026. In the United States, data centres already represented 4% of total electricity demand in 2022, rising to 6% by 2026. Close partnerships between the tech sector and energy and infrastructure providers are therefore imperative for a secure power supply.  On the other hand, AI offers potential to overcome some of the energy system challenges that currently stand in its way. Grids particularly stand to benefit from improved forecasting, simulation, and real-time demand response. And in turn, better prediction of renewable generation profiles can help to ease their integration into the grid and provide more clean power.  In short: Our focus on AI is preparing us for the future. We are ready to provide the power that this technology needs, and we are also prepared to make use of its advantages.

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💧🌿 RWE commissions 14 MW pilot #electrolyser: #greenhydrogen production commences in Lingen, Germany Robert Habeck, German Federal Minister for Economic Affairs and Climate Action and Stephan Weil, Lower Saxony’s Minister President, as well as Christian Meyer Lower Saxony’s Minister for the Environment, Energy and Climate Protection were present when RWE commissioned its pilot electrolyser plant. The facility on the site of RWE’s Emsland gas-fired power plant has a capacity of 14 MW. It can generate up to 270 kg of #greenhydrogen per hour using electricity from #renewable sources. Featuring two different electrolysis technologies, the pilot plant is to provide valuable insights for developing future industrial-scale #hydrogen facilities. The first large commercial electrolyser plant is already being built only metres away. As part of the GET H2 Nukleus project, a 100-MW electrolyser is to be commissioned there by 2025, with its capacity to be expanded to 300 MW by 2027. Federal Ministry for Economic Affairs and Climate Action | Sunfire | Linde | ITM Power For more info 👉 https://lnkd.in/gqCVh--8 📸 RWE

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Renewable Energy: Hedge funds go short on green energy, bet on oil and gas Large hedge funds are betting on fossil fuels. Many areas of green energy generate too little profit. The energy transition could dry up financially. 25.10.2024 Despite political assurances in favor of a green agenda, investors seem to have lost faith in the energy transition. Despite extensive stimulus packages for green investments in the US, Europe and China, the majority of hedge funds are net betting against companies in the battery, solar, electric vehicle and hydrogen sectors. By contrast, investments in fossil fuel companies such as oil, gas and coal are popular with investors. The figures are based on an analysis by Bloomberg News of the positions of around 500 hedge funds from the Hazeltree database, a data service in the alternative investment industry. The funds manage assets worth a total of five trillion dollars. The Bloomberg analysis is significant because this segment of investors is reluctant to show their cards. However, hedge funds are an important player in the market: they risk a lot and only actually go short when there is a really high probability that a value will crash. Hedge funds therefore analyze the figures of companies very meticulously and at the same time observe the development of the markets. They are not interested in political slogans. They look exclusively at the increase in value in the real world and its reflection on the financial markets. In the case of renewable energies, it is now particularly evident that many companies are failing to achieve profitability within a reasonable timeframe. Bloomberg formulates the reason why investors are turning away from Wall Street's former favorites: “Despite the promises, clean energy and green technology stocks have lagged far behind the broader market.” Financially strong institutions have come to the conclusion that many climate investments will not pay off as quickly or as lucratively as they had hoped. Price performance in the green economy sector is particularly critical: since a recent peak in 2021, the S&P Global Clean Energy Index has lost almost 60 percent of its value, while the S&P 500 Index and the S&P Global Oil Index have risen by more than 50 percent. Impax Asset Management, a $50 billion investment firm that has made a name for itself as a pioneer of the energy transition, has seen its market value more than halve over time. The slowdown in sales growth has made managers increasingly pessimistic about electric vehicles: 55 percent are betting against electric cars. At the beginning of 2021, it was only 35 percent. The trend has its counterpart in the fossil fuel sector: the number of hedge funds with long bets on companies in the thermal coal, oil and gas sectors exceeded the number of hedge funds with net short positions at the end of September.

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https://lnkd.in/enXz59_9 Funding decisions for large electrolyzer and hydrogen industrial network in Hamburg Where the Moorburg power plant used to generate electricity from coal, a 100 MW electrolyzer will in future produce green hydrogen and use it to supply industrial plants south of the port. Yesterday, Monday, Federal Minister of Economics Robert Habeck and Hamburg's Senator for the Environment Jens Kerstan publicly presented the funding decisions from the federal and state governments for two projects: the Green Hydrogen Hub (HGHH) with a 100 MW electrolyzer and the hydrogen industrial network HH-WIN. The federal and state governments' funding for both projects totals 250 million euros. The HGHH electrolysis project and the HH-Win hydrogen industrial network in Hamburg are two of a total of 23 projects that, strictly speaking, received funding from the federal and state governments in July as part of the IPCEI funding. They belong to the third so-called Hy2Infra wave of the IPCEI Hydrogen. IPCEI stands for "Important Projects of Common European Interest". Projects with this designation may receive higher funding rates from member states than would normally be permitted under EU state aid rules. On February 15, 2024, the EU Commission recognized the 23 projects as IPCEI projects under state aid law. From coal-fired power plant to hydrogen hub The Green Hydrogen Hub is to be built on the site of the Moorburg coal-fired power plant. Hamburger Energiewerke acquired the Moorburg power plant in March 2023. The subsidiary Energie Hub Moorburg began dismantling the power plant in October 2023. Some of the rubble from the plant is to be reused directly on the site. Parts of the existing infrastructure and systems are also to continue to be used for the electrolyzer. These include, for example, the water treatment plant and the workshop and storage building. The HGHH consortium of Hamburger Energiewerke and Luxcara has also been working on the detailed planning of the electrolyzer since autumn 2023. After receiving the funding approval, the companies now want to award the contracts for the large components and the construction of the 100 MW electrolyzer this year. Construction is scheduled to begin in 2025. The production of green hydrogen will be gradually ramped up later. The consortium wants to supply hydrogen consumers from various industries. Negotiations are already underway with many companies to this end. In addition to the HH-WIN network, deliveries will also be made via a truck loading station. Construction of the hydrogen industry network in Hamburg has begun Construction work for the Hamburg hydrogen industry network (HH-WIN) has also already begun, and the first major pipeline sections are now underway. Among other things, a tunnel with a diameter of around 1.4 meters will cross the port railway and a dike.

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Congratulations are in order for portfolio company tado° and CEO Dr. Philip Beckmann, for becoming Germany's newest energy provider 🎉 It's both an exciting next step and a natural progression for the company, which has been the leader in intelligent home climate management since its founding in 2011. So what makes this so exciting? The tado° Hourly Tariff is powered by aWATTar, a wholly owned subsidiary that buys electricity from renewable sources via the European Electricity Exchange every hour. Working in tandem with your smart meter—and other smart electrical appliances like EV chargers and heat pumps—tado° can then pass on savings from periods where energy prices are lower. In fact, as the tariff is based on wholesale energy prices, customers will benefit from the hundreds of hours each year when wind and solar energy prices are actually negative due to a surplus on the grid. We're excited to see the company continuing to develop, while maintaining a commitment to energy usage reduction, renewable energy sources and energy cost savings at its heart. For more on the Hourly Tariff, click here 👉 https://lnkd.in/e7cDdt2B #EnergyTransition #GreenEnergy #RenewableEnergy

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The climate protection activities of the German economy continue to gather pace. This is the result of a recent study by Union Investment, which evaluated DAX-listed companies regarding their CO2 reductions since 2018, the integration of climate criteria into executive compensation, and their further CO2 reduction targets. While last year only seven of Germany’s largest companies had set targets aligned with the national goal of reaching net zero by 2045, eleven companies are now on track to meet this target. The top-ranked companies stand out by excelling in nearly all dimensions, with RWE, ranked first, having significantly reduced its emissions in recent years. It is encouraging that we have been recognised as a role model for our emissions reduction efforts and successes. What makes the study so valuable is that it focuses less on merely assessing the status quo and more on the pace of change and the execution of ambitious targets. Overall, this is a great confirmation and recognition of our company’s transformation. We are steadfastly continuing to follow and implement our Growing Green Strategy and decarbonise our portfolio. Our commitment to our clearly defined goal—becoming net zero by 2040—remains strong. I would like to congratulate and thank the entire #TeamRWE for this success. We will continue to be a driving force in this transition. 

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🔄 𝗥𝗲𝗽𝗼𝘄𝗲𝗿𝗶𝗻𝗴 𝗳𝗼𝗿 𝗮 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗳𝘂𝘁𝘂𝗿𝗲: 𝗣𝗡𝗘 𝗵𝗮𝘀 𝘀𝗼𝗹𝗱 𝘁𝗵𝗲 𝗣𝗮𝗽𝗲𝗻𝗿𝗼𝗱𝗲 𝘄𝗶𝗻𝗱 𝗳𝗮𝗿𝗺 𝘁𝗼 Qualitas Energy Deutschland GmbH. With nine turbines and a rated output of 59.4 MW, this Lower Saxony project is set to contribute to Germany’s renewable energy goals. Planning for Papenrode began in 2016, starting with the rebuilding of 15 older turbines to pave the way for a more efficient system. Remarkably, while the new wind farm has fewer turbines, its electricity production is set to increase fivefold, representing a substantial leap forward in the energy transition and climate protection efforts.🌱 Johannes Overbeck, Head of Investments at Qualitas Energy Deutschland GmbH, emphasizes: “We are particularly pleased about the excellent and cooperative partnership with PNE during this transaction process. Qualitas Energy is pursuing ambitious investment goals to accelerate the energy transition in Germany [...]" Learn more 👉 https://lnkd.in/dM7CRiM5 #PNEGroup #WindEnergy #Renewables #QualitasEnergy #EnergyTransition

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Credit article to reNEWS - Renewable Energy News Iberdrola Deutschland and Salzgitter Flachstahl have concluded a further solar power purchase agreement (PPA). From 2025, Iberdrola Deutschland will supply Salzgitter Flachstahl with around 60 gigawatt hours (GWh) of electricity per year generated by a 60MW solar plant in Germany. The array will be built in Saxony-Anhalt and is already at an advanced stage of development. The new PPA, which has a 15-year term, expands the companies’ partnership where Iberdrola will supply Salzgitter Flachstahl from its Baltic Eagle offshore wind farm in future. #Europe #Germany #Iberdrola #Solar #QEDGroup #QEDEnergy #PrimeDispute

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Credit article to reNEWS - Renewable Energy News Iberdrola Deutschland and Salzgitter Flachstahl have concluded a further solar power purchase agreement (PPA). From 2025, Iberdrola Deutschland will supply Salzgitter Flachstahl with around 60 gigawatt hours (GWh) of electricity per year generated by a 60MW solar plant in Germany. The array will be built in Saxony-Anhalt and is already at an advanced stage of development. The new PPA, which has a 15-year term, expands the companies’ partnership where Iberdrola will supply Salzgitter Flachstahl from its Baltic Eagle offshore wind farm in future. #Europe #Germany #Iberdrola #Solar #QEDGroup #QEDEnergy #PrimeDispute

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🌱⚡ GMH Gruppe and ENGIE have conducted a Power Purchase Agreement to supply renewable energy with Guarantees of Origin (GoOs). The PPA aims to fully power the inducive single-bar tempering plant (EVA) at the Georgsmarienhütte site with 100% renewable energy.​ ​ Two domestic plants will supply green electricity: a wind farm that no longer receives subsidies under the German Renewable Energy Sources Act (EEG) and a newly built solar farm.​ ​ For GMH Gruppe, the PPA is another important step in its transformation towards climate-neutral steel production. By using the EVA, and the associated switch from natural gas to electricity in the heat treatment of steel, more than 10,000 tons of CO2 can be saved over the next ten years.​ ​ As the world's leading provider of PPAs, ENGIE supports companies on the path to decarbonization. Our Group is among the top three portfolio owners of post-EEG plants in Germany and is strongly committed to expanding renewable energy sources.​ ​ 🔎 Official press release: https://lnkd.in/e4B3as5i 🔎 All our solutions in Germany: https://lnkd.in/efpEyDya​ ​ #WindEnergy #SolarEnergy #Sustainability #RenewableEnergy #Germany | ENGIE Deutschland

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"The transformation of the electricity system requires a higher innovation dynamic and an expansion of the technology toolbox of grid operators." John Fitzgerald, CEO of SuperNode Ltd, discussed Germany’s energy future in Tagesspiegel Background Energie & Klima this week. Germany's energy transition demands not just infrastructure expansion but a rethink of our technologies. #Superconductors, with their high transmission capacity and lower raw material needs, offer a promising solution. To fully utilise these technologies, we need innovation-friendly regulation enabling pilot and demonstration projects. Read more here: https://lnkd.in/eMf7cfEq

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Today, our Chairman of the Supervisory Board, Daniel Hager, joined a distinguished panel alongside Federal Minister Robert Habeck, Katja Wünschel (CEO, RWE Renewables Europe & Australia), and Eddy Henning (Board Member, ING-DiBa AG) to discuss the future of energy and sustainability. His message is clear: "We demand a true energy transition – one that goes beyond just switching energy sources!" At Hager Group, this means decentralization, innovation, and empowering consumers. We are driving the energy transition forward with smart technologies like bidirectional charging and intelligent energy management systems to make the future of energy both sustainable and efficient. Die Wirtschaftsvereinigung der Grünen e.V. #EnergyTransition #Innovation #Sustainability #HagerGroup #SmartEnergy #FutureofEnergy

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🚀 Elevating Offshore Wind Potential: This is 10HOCH3 An (almost) daily companion, especially for us northern lights, and an opportunity for us all to use sustainable energy: wind. Our Winter Batch 24/25 Accelerator Startup 10HOCH3 is contributing to a more sustainable future by supporting customers in making offshore wind a reliable, effective and competitive source of clean power. 🙌 10HOCH3 has a specialized focus on HVDC/ HVAC transmission systems in offshore wind with a comprehensive service offering. The team Jörg Seßler, Philipp Schöpfle and Michael Dauwe combines concept development, consulting and coordination services for its clients. What sets 10HOCH3 apart is the extensive industry expertise, the commitment to innovation and the ability to provide customized and strategic solutions to complex wind energy problems. 🌟 10HOCH3 in a nutshell: 👏 Optimizing Offshore Wind Maintenance with AI 👏 Providing expert know how, project planning and hands-on support 👏 Having in-depth knowledge of all technical details 👏 Working towards a more sustainable future for us all 💡 Learn more about this amazing startup: https://10hoch3.com 🫶 We are happy to have you on board, 10HOCH3! #AIStartupHub #WinterBatch2024 #StartupHamburg #IdeationProgram #AcceleratorProgram #Hamburg #StartupSuccess #StartupSupport #StartupFunding #Startups #AI #Gründer #Gründerinnen #Gründen #Founder #Founding #Gründerszene #StartupSzene #Accelerator #Pitch #AICommunity #TurningVisionsIntoReality #WindEnergy #SustainableEnergy

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🚀 Exciting News: repath wins Thüga Stadtwerke E-ccelerator collaboration to enhance Climate Resilience for Municipal Utilities with repath.energy This recognition not only shows our dedication to advancing climate resilience and adaptation but also marks the beginning of our joint effort with Thüga Aktiengesellschaft, enercity, WEMAG AG, and N-ERGIE Aktiengesellschaft on four pioneering SaaS pilot initiatives. Together, we are committed to enhancing resilience across the energy sector. ⚡ 🌱Collaboration Objectives: 💡Automatic climate risk analysis: Automated, asset-specific analysis to identify climate risks across the existent and planned infrastructure of municipal utilities. 🔎Asset-specific impact analysis:  Further adaptation and understanding of vulnerability of climate impacts for asset types in the medium and low voltage range. The best partner & the best solution for climate adaptation? repath. 🫂Thanks for the trust and motivation Florian Lieb @Dr. Christoph Ullmer (Thüga Aktiengesellschaft), @Rainer Kleedörfer (N-ERGIE Aktiengesellschaft), Mario Merner, Tobias Struck, Mirijam Münch. 🌎Stay tuned as we embark on this resilience journey, driving forward the adaptation to climate risks for Thüga Stadtwerke’s energy infrastructures.🚀 #ClimateRiskManagement #ClimateResilience #InnovationInEnergy #UtilitySolutions #stadtwerke #eccelerator #cooperation #energiewende

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The next decade of HVDC technology - now is the time to plan for grid expansion! In a recent interview by S&P Global, I discussed the increasing demand for #HVDC technology. The article exemplified the completion of the 1.4 GW Sofia #offshore platform in the UK North Sea by RWE. This project underscores the significant role that HVDC technology plays in the energy landscape.    Siemens Energy is actively involved in numerous projects, with a focus on reducing lead times through strategic supply chain investments. Our commitment to enhancing grid technologies is evident in our contributions to various projects, like DolWin4 and BorWin4.    As part of our growth strategy, we are expanding our manufacturing facilities in Kalwa, India, and Charlotte, NC, while also implementing an academy approach to address the global shortage of HVDC expertise. 👉 Read more here: https://lnkd.in/d8GYDDZ3     I am confident in the #sustainability of the grid sector's growth and believe that now is the opportune time for TSOs and DSOs to plan for grid expansion. With our technologies we connect energy systems and bring power from where it’s generated to where it’s needed. ⚡ Get in touch with our Grid Solutions team to explore collaborative opportunities and drive the next decade of HVDC technology. #energytransition #powergrids

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🌍Last week Oliver Schirok was talking about Hydrogen aspects at this year’s ECC TSO workshop in Leipzig. Gas and Electricity TSOs came together to discuss challenges and future aspects of the markets. Oliver was emphasizing that harmonization is a key factor for future developments and that more discussions will be needed including possible public consultations.   🔎The workshop is designed for TSOs that are partners of ECC. ECC as a subsidiary of EEX the energy exchange, is managing the clearing services and is also involved in both the power and gas nomination processes. 💡For providing harmonized solutions, EASEE-gas not only focuses on the gas sector, but also on renewable gases and Hydrogen.   👉Read more about our association here: https://easee-gas.eu/

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