Concerns of serious harm to German industry loom as businesses are stung by high energy prices

High energy costs are starting to have an impact on businesses’ investment plans and output levels in Germany, prompting concerns about deindustrialization in the nation that has one of the greatest industrial sectors of all developed nations. According to a poll of industrial enterprises conducted by the business association BDI, 58 percent of businesses see the increase in energy and raw material prices as a “strong challenge,” and 34 percent even see it as an “existential” threat that could eventually drive them out of business. Companies responding to the study said they intended to do so by cutting back on investments in efficiency and climate change initiatives by 42%. The head of the BDI, Siegfried Russwurm, stated that “policymakers must act now to avoid insolvencies and greater economic and social hardship.”

Current wholesale gas prices for 2023 are eight times higher for German enterprises than for US competitors; if the government does not act, this situation might result in the closure of Germany’s basic materials industry and the start of de-industrialization. Therefore, German production of commodities like aluminum would no longer be competitive on global markets. In August 2022, there were nearly a quarter more company insolvencies than there were in August 2021, which caused banks to tighten their standards for company credits. Since the start of the year, the volume of chemicals companies’ production has decreased by 10%. Additionally, high energy prices discourage foreign direct investment.

A quick and comprehensive reactivation of coal-fired power plants will be required, according to BDI President Russwurm, to lower energy costs and give businesses more planning assurance. He argued that through lowering regulatory barriers, both lignite and hard coal facilities should be made readily available because “every kilowatt hour counts.” High energy costs were also cited as the cause of the bankruptcy of German toilet paper manufacturer Hakle, a well-known pulp and paper manufacturer. In order to restructure the company, Hakle filed for bankruptcy, claiming that the “historic” energy price issue, which came after the difficulties brought on by the coronavirus pandemic, and increasing raw material costs could not be sufficiently transferred to customers to support continued operations.

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Industry output fell by 1% in July compared to the previous month, according to official numbers from the economy and climate ministry, while energy production rose by 2.8%. Output declines were, however, considerably more pronounced in specific areas, with car production falling 4.6%, chemical production falling 2.2%, and pulp and paper production rising 4.3% in just July. “Reduced Russian gas flows and heightened uncertainty due to the conflict [in Ukraine] significantly diminish the outlook for the remainder of the year,” the ministry stated.

In response to Russia’s conflict with Ukraine, which also caused general inflation to reach multi-decade highs, the German government implemented a number of relief measures for consumers and companies to soften the blow of rising energy costs. Energy and climate experts have expressed concern that some of the government’s actions, such as delaying the next increase in the carbon price or reducing the cost of gasoline, may push Germany further away from reaching its climate commitments.

Climate change concerns, ongoing shortage of gas, fear of unemployment and the energy crisis in general are having a ripple effect throughout the entire world, and it poses a large risk of both recession and an additional wave of inflation. But thankfully, there is still hope for Germany and the rest of the world because the time and effort put in by a large number of highly motivated and creative energy specialists and scientists from all over the world to make the renewable energy future a reality will not go unnoticed. People like those working at The Neutrino Energy Group, who have been putting in a lot of effort to improve their neutrinovoltaic technology in order to support the energy that is now provided by wind farms, solar arrays, and other sustainable energy projects. a one-of-a-kind supply of energy that, in the years to come, will fundamentally alter the way in which we think about renewable sources of power.

Even though the sun and the wind are all free sources of energy in and of themselves, the cost of collecting, processing, and storing solar and wind energy may be rather significant in the beginning. During the process of installation and initial setup, you will be required to pay for various components, such as solar panels, wind turbines, inverters, batteries, and wiring. Furthermore, they take up a significant amount of space, and the process by which they generate electricity is profoundly influenced by the elements of the surrounding environment. and that is where Neutrino Energy comes into play.

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Neutrino Energy ‘s potential is limitless; for instance, neutrinovoltaic cells do not encounter the same hurdles as other renewable energy sources in terms of efficiency and reliability. Continuous neutrino energy production is possible even when the sun isn’t shining and the wind isn’t blowing. This is a huge advantage, since it allows the technology to produce power continuously, 24/7, throughout the whole year. Due to the fact that neutrinos pass through almost all man-made and natural materials with little resistance, neutrinovoltaic devices may be deployed both inside and outdoors, as well as underwater. Neutrinos continue to bombard the Earth independent of climatic circumstances, making neutrinovoltaic technology humanity’s first fully sustainable energy innovation.

And here is another cool fact about neutrino energy: it’s an energy source that doesn’t require energy storage systems. Neutrinovoltaic technology offers the potential to alleviate the burden of renewable energy sources that rely on storage, even on a small scale. Even if neutrino energy satisfies just 10 percent of a renewable power grid’s entire energy demands, it still eliminates the need to store 10 percent of that system’s electricity in batteries. Decentralization is the essence of neutronovoltaic technology’s attractiveness. Its Cells can be integrated directly into mobile phones, appliances, automobiles, and other energy-consuming equipment, therefore making it unnecessary to store or squander power by transporting it across the city.

However, the energy sector isn’t the only one profiting from neutrinos’ limitless potential; the electro-mobility business also benefits greatly from them. While the bulk of electric vehicle users still get their power from a wall outlet, anything powered by neutrinovltaic technology receives its power from the environment. No one has been interested in this kind of energy until now since the internal combustion engine was not intended for it, but for an electric automobile, the ambient energy is like a constant fuel pump, an unlimited cosmic ray surge from the sun, light, neutrinos, and other invisible radiation.

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The Car Pi project is a resounding success thanks to the respected Neutrino Energy Group in Berlin, Germany. The company is working hard on developing, constructing, and manufacturing the Car Pi into a one-of-a-kind car that draws its energy simply from the environment—completely independent of the “dishonest” electricity that comes from the combustion of fossil fuels. Making this invention one of the most ambitious tasks ever undertaken by mankind, and it is getting closer to becoming a reality.

This remarkable vehicle generates its own energy by utilizing neutrinos and other non-visible radiations, making it the world’s first automobile that does not require recharging at a standard charging station, instead pulling what it requires to circulate eternally, whether driving or simply sitting motionless. Depending on the situation, just leaving the car outside for an hour can give it up to 100 kilometres of range.

Electric cars are not the only ones that will benefit thanks to neutrinos and other non-visible radiations. After the success of the Car Pi project, the neutrino energy group will move on to the Nautic Pi project as their next step. For the purpose of adapting the technology to electric yachts and boats, more than one thousand engineers will be hired, and more than one billion dollars will be invested. This will make it possible for these vessels to sail the oceans without using even a single drop of fossil fuel, nor will they be required to store energy in batteries.

Neutrino Energy is truly the power of the future, and it is all thanks to the Neutrino Energy Group’s efforts and its impressive neutrinovoltaic technology. Humanity now has a long-awaited and trustworthy solution to the current energy crisis. Due to their hard work, more substantial changes will take place, and hopefully others will follow in their footsteps, and we will live in a better and more environmentally friendly world in the years to come.

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