Energy & Green Tech

Germany launches major subsidy scheme for greener industry

Germany on Tuesday launched what it called "an innovative" multi-billion-euro subsidy scheme aimed at turbocharging investments that will make industrial production in Europe's top economy more climate-friendly.

Automotive

EU approves 900-mn-euro German aid for battery plant

The EU approved Monday a 900-million-euro German state subsidy for electric vehicle battery firm Northvolt to build a plant in Germany that might have otherwise been lured to the United States.

Business

Berlin, Intel strike controversial chip plant subsidy deal

Berlin agreed Monday to grant US chip giant Intel subsidies totalling almost a third of the cost of a 30-billion-euro ($32.7-billion) German plant in a controversial decision following a months-long row.

Chip component plant to get $300M expansion in Pennsylvania

The electronics subsidiary of German multinational health care company Merck KGaA said Wednesday it will spend $300 million to expand its specialty gas production facility in eastern Pennsylvania in a step that state officials ...

Energy & Green Tech

'War of the states': EV, chip makers lavished with subsidies

States are doling out more cash than ever to lure multibillion-dollar microchip, electric vehicle and battery factories, inspiring ever-more competition as they dig deeper into their pockets to attract big employers and capitalize ...

Energy & Green Tech

EU races to lead green tech battle against US, China

The EU on Thursday announced plans to push the bloc's businesses to produce more clean technology in Europe to challenge state-backed competition from the United States and China.

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