Dr. Verena Svensson

The success of the #EnergyTransition is of extraordinary importance for future generations!!! Winning this race against the clock is fundamental for our future, therefore it is vital not to fall into the same mistakes again and again... Reviewing some of the articles I read recently, I found one again referring to the #German #EnergyTransition that contains some interesting reflections... https://lnkd.in/dMxv95Cz

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⚡️News on process of potential investment in TenneT Germany⚡ Over the past year, TenneT has explored the possibility of a full sale of its German operations to the German state as a potential solution for the equity needs of our German operations. Today, the Executive Board, in close cooperation with the Dutch state as our sole shareholder, has decided to in parallel prepare for a potential investment in TenneT Germany by private investors or consider a public listing to raise equity. For more details, check out our press release: https://lnkd.in/e6q58Kfb. In a recent letter to the Dutch Second Chamber, the Dutch cabinet outlined the way forward. Read the full letter here: https://lnkd.in/eaSUyPkX. 🔋 Meanwhile, the Dutch state has provided TenneT with a EUR 25bn shareholder loan, ensuring the financing of our planned investments in the Netherlands and Germany for 2024 and 2025. We also successfully tapped into the hybrid market recently with a EUR 1.1bn Green Hybrid Bond. Our commitment to executing our large investment program in both countries remains unwavering, as we continue to provide much-needed transmission capacity both onshore and offshore. We will keep you informed of our progress! #EnergyTransition #Investment #SustainableFuture #Infrastructure

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What a day! It began with a presentation on demographic trends and the resulting loss of prosperity if we do not succeed in stabilising the volume of working hours. But there is little cause for optimism. There is a social desire for less work across all age groups. Most of the measures on offer have conflicting objectives. Many social policy measures in recent years have been counterproductive. Then came the news that the second pension package had been passed by the federal cabinet, making an increase in pension contributions inevitable. A bitter victory for social populism over common sense. But then, on the way home, I listened to an episode of Sascha Lobo's podcast: https://lnkd.in/eKvSX62w  I expected Andrea Nahles to say more or less what she did as head of the Young Social Democrats, SPD secretary-general and labour minister. In fact, I was listening to a CEO of the Federal Employment Agency who spoke authentically, openly and visionarily about how she leads the largest government agency in Germany: Change management and transformation at its best. Introducing customer centricity, agile working, benchmarks, innovation and ambition.

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The transformation of our energy system is a good example of how a number of challenges can no longer be solved at the national level alone. The energy transition calls for cross-border cooperation with European and global partners. We see this every day when working on our projects. It takes instruments like the European Green Deal and the EU taxonomy to set the right course for a climate-neutral future. And it takes the European even global financial market to finance the modernization of the energy system. After all, the green transformation can only succeed with sufficient national, European and international capital. In short, we can only rise to the challenges of our time together in Europe. Let us therefore exercise our right to vote in the European elections on 9 June. There is a great deal at stake: The European Union and the euro are cornerstones of our security and our economic success and prosperity. Above all else, however, for all its differences, the EU is also a community of shared values. And a strong economy needs values such as diversity, openness and tolerance. At EnBW, we have therefore joined forces with various German companies in the alliance #WeStandforValues to make it clear why it is important to vote in the #EUelections and stand up for European values. #VoteForEurope #useyourvote #GreenDeal #EnergyTransition

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Companies marketing fuels in Germany are subject to the obligation to reduce the greenhouse gas emissions of these fuels. Since 2020, it is possible to offset emissions by surrendering UER certificates. The UER certificates are certified upstream emission reductions achieved in climate protection projects in the upstream oil and gas production sector. There are currently 74 projects with German approval, 65 of which are in China. The problem? Several of these projects in China never existed, or existing installations have been certified as new. According to the German ministry for the environment, there are indications that we were dealing with a fraud system. In particular, suspicions against two employees of two validation companies on site, who were involved in a total of 40 critical projects, were confirmed. The previous German government implemented the whole UER system. As the whole system has proven to be error-prone and instransparent, the current federal government has stopped the scheme. Companies that had relied on the fake certificates may suffer billions in damages. My POV: I prefer "real" emission reduction over carbon credits and certificates. https://lnkd.in/eV8Z5S_e

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The ability to integrate small wind turbine technology virtually anywhere is evident in this photo. Attractive. Quiet. Effective. #remarkablerenewables

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Germany's government had to pay 3.36 bn € just for the month of May to fix the problem with "melting power prices". They are making sure that solar generators are getting paid what they have been promised, and they have to pay the difference to the market price. A much better way to fix this is to stabilise market prices by making sure a lot of people get a dynamic tariff. Which is what I am trying to do here ;-) https://lnkd.in/efx3cPkK

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Germany could have built 🏗 50-Westinghouse AP-1000 nuclear reactors for what it spent on wind, solar, and storage from 2002 to 2022, during their Energiewende (energy turnaround). According to this post by Isuru Seneviratne, “the country could have achieved 73 percent reduction in emissions at half the cost they incurred.” 7 points to think about: 1️⃣ Much of the media is still reporting Germany’s Energiewende as a success instead of a disappointment that requires a deep dive into lessons learned. 2️⃣ The same media looks at Vogtle III & IV in Georgia (The US first two nuclear reactors to come online in decades) and sees an epic failure of nuclear energy, and irrefutable evidence to not build more nuclear plants. 3️⃣ The nuclear community (maybe it’s advocates more than its operators) are doing a deep dive into lessons learned from Vogtle III & IV and the V.C. Summer nuclear project in South Carolina that was halted at an expense of US $9 billion. For example, the Decouple podcast has a four part series on that subject with Chris Keefer MD interviewing physicist James Krellenstein (here’s YouTube version of part I: https://lnkd.in/eUqt8T44 ). Spoiler alert, it wasn't the NRC's fault. 4️⃣ Meanwhile Vogtle III and IV are now putting out 17,200,000 MWh and preventing 10 million metric tons of CO2 emissions per year. They’ll probably continue to do so for 80 years or longer. 5️⃣ South Korea and China are entering an era of building gigawatt size reactors on time and on budget. 6️⃣ The US does have a good model for building new nuclear plants by studying how Palo Verde in Arizona was built. Bechtel Power Corporation and the Arizona Nuclear Power Project (https://lnkd.in/e9XUDMYJ ) built this plant on time and on budget 30 years ago at the height of antinuclear sentiment. Until Vogtle it was the US's largest nuclear plant. 7️⃣ Westinghouse is building six more AP-1000s around the world today, and 12 are currently in operation (four of those in China). And now we have blueprints, a growing nuclear supply chain and workforce ready to be re-deployed. Most importantly we have acknowledgment and transparency on what we can do better. Let’s get going. (note: re-edited 6.12.2024)

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🔔 Important update on negotiations full sale TenneT Germany 🔔 With great disappointment, today the Executive Board of TenneT announced the termination of discussions with the German government on the full sale of TenneT Germany. 📣 This decision follows the German government's notification to it’s counterpart and our shareholder, the Dutch Finance Ministry, citing budgetary constraints. While the Dutch government, the TenneT Supervisory and Executive board, and especially our dedicated employees had hoped for TenneT Germany to return to German ownership, we are well-prepared to continue our mission of delivering future electricity infrastructure in Germany by leveraging private or public capital markets. Together with our shareholder #MinFin, we are actively preparing alternative structural solutions to meet our financing needs. The Dutch state is examining if and under what conditions it can meet the equity requirements. And in collaboration with the Dutch State, TenneT is also preparing for a (partial) private sale or an IPO of TenneT Germany. 💪 I would like to express my gratitude to our shareholder, #teamMinFin at Ministerie van Financiën led by Niels Heijstek, to the Ministerie van Economische Zaken en Klimaat and team led by Michel Heijdra, to the KfW team, and last but not least to our hardworking negotiation team Matthijs Jellema for their tireless commitment to finding a solid financing solution. 🔗 Let's continue lighting the way ahead together. #TenneT #EnergyInfrastructure #Energytransition #FutureEnergy #MinFin

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It seems like the energy transition is progressing very slowly, don't you think? But new data actually show that we are on track in many areas 🙌 . Like in #solarpower, for example. In 2022 (the latest data available) the global solar production reached almost 1,300 twh. This would be enough to supply Germany, France and Italy with electricity for an entire year. Isn’t that worth a “WOW”? This market also grew by 26 % in 2022, and the same figures were projected for 2023.   At Volateq we love news like these: It shows us that we are on the right track with our software, which can be used to optimise the output of solar power plants. The video here gives more interesting insights on #energytransition. We find it worth watching. It is in German but you can turn on subtitles in any language. https://lnkd.in/ekNeaqjW #solarenergy #solarpv #solarpanel #solarfarm #solarcleaning #SolarTech #solarmaintenance

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I attended a compelling keynote speech by Peter Drucker Society Europe on the topic "𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐂𝐨𝐧𝐭𝐞𝐱𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 𝐓𝐫𝐚𝐧𝐬𝐢𝐭𝐢𝐨𝐧: 𝐑𝐞𝐚𝐥𝐢𝐠𝐧 - 𝐑𝐞𝐭𝐡𝐢𝐧𝐤?" 💬 The starting point of our discussion was that the #EnergyTransition poses new challenges for location policy. What needs to be done? What needs to be considered? Here is a brief overview of the topics I addressed: 👉🏼Development of CO2 Emissions in Energy Production and Consumption: We examined how CO2 emissions have evolved and what this means for future energy strategies. 👉🏼#LandingPorts - Energy-Intensive Industries: We discussed the role of landing ports in supporting energy-intensive industries and how they can adapt to new energy standards. 👉🏼#Grid Access for Electrical Energy: Ensuring reliable and equitable access to the electrical grid is crucial for the energy transition. 👉🏼Grid Access for #Hydrogen: As hydrogen becomes a key player in sustainable energy, we explored the infrastructure and policies needed to support its integration. 👉🏼Future Perspectives: We looked at the long-term outlook of the energy transition and the strategic adjustments businesses must make to thrive in this new era. These topics are not just theoretical; they are actionable insights that can guide companies through the complexities of the energy transition. Big thanks to Winfried W. Weber, Klaus Weßing and Hermann Doppler! ▶️You can watch the entire talk on YouTube: https://lnkd.in/dHDpkiHY

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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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"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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District heating - an important building block of energy transition ⚡️💚

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In the march towards #EnergyTransition, the role of strategic asset management and portfolio management cannot be overstated. As we navigate the complexities of implementation and financing, it's clear that public acceptance hinges on cost-effective solutions. The transformation and expansion of the electric grid carry significant costs, yet they are pivotal for integrating renewable energy sources like #Wind and solar. At 50Hertz Transmission GmbH, they're committed to strategic planning and management of their assets to support one of the world's most reliable electricity networks. Their approach includes not only expanding their electricity highways but also integrating interconnectors, leveraging energy storage, and utilizing flexible loads such as power-to-heat plants. The gap between power generation and consumption locations is widening, and that calls for a strategic outlook in managing their energy portfolio. It's with this vision I look forward to hear industry leaders like Stefan Kapferer Manon van Beek, Bruno Meyer Priyantha Wijayatunga Wijayatunga, and Sonya Twohig to further this vital dialogue. Let's harness the power of strategic asset management to make energy systems more resilient, efficient, and accepted by those we serve. OHROS Consulting Group #StrategicAssetManagement #PortfolioManagement #100PercentBy2032 #ThisIsHowEnergyTransitionWor ---

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Positive articles like the one by Ulrich Fichtner on the energy revolution provide hope and inspiration by showcasing progress and success in clean energy efforts. They remind us to stay motivated and continue working towards a greener future, countering the negativity with optimism and achievements in sustainability. We need more of this!

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Loads of energy transition podcast episodes incoming - today from Berlin So what it happening? Guess... ☺️ Yes, Science Podcasting on the Energy Transition in Germany for the enPower Energiewende Podcast. Two months ago, Dorothe Ilskens and Anne Held reached out if Markus Fritz and I wanted to come to Berlin and be the "Opening Entertainment Act" at the Kopernikus-Symposium that takes place today and tomorrow in Berlin. Ok, they did not really call it "Opening Entertainment Act", but would it not be cool if that would be the way how we would interpreted it? No pressure Markus 😄😄. The following episodes are planned: 1️⃣ Resistance against large energy infrastructures and how to deals with it such as CCS, pipelines, grid extensions etc. (with Katja Treichel-Grass and Jan Hildebrand). 2️⃣ Grid flexibility and the German new Power-plant strategy (with Katrin Düning from TenneT and Hans Ulrich Buhl) 3️⃣ Future Carbon Cycles and Carbon Management (Falko Ueckerdt and Roland Dittmeyer) The Kopernikus projects are four major energy transition projects funded by the German Research Ministry (BMBF). Click on the following links to learn more: Kopernikus SynErgie Kopernikus ENSURE Kopernikus-Projekt Ariadne @Kopernikus p2x (Do you guys not have a LinkedIN handle? If not we should talk about your social media strategy 😀) Also looking forward to check-in and chat with Serafin von Roon, and potentially make a promo video for our last episode where we looked back to the energytransition developments in Germany in the first half of 2024 (find it on Spotify - link in first comment). #Energiewende #kopernikusprojekte

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World-wide Industrial Location competition Germany slips down the rankings Germany is falling further and further behind the most competitive nations in the world. From sixth to 24th place in ten years. According to a new study, there are deficits in administration, business and infrastructure. 18.06.2024 In an international comparison, Germany is going backwards in terms of competitiveness. According to a ranking by Swiss university IMD, which assesses the efficiency of the government and economy, for example, Germany has slipped to 24th place this year. Two places lower than the previous year and another step backwards. Ten years ago, Germany was ranked sixth. At least the data shows a glimmer of hope, as in 2006 the country was still lower in the ranking than it is now and then rose. The study identifies key issues, particularly in view of the discussions in the coalition government about necessary reforms and how to pay for them. For example, it shows that Germany has fallen from 27th to 32nd place when it comes to the question of how efficiently the government promotes competitiveness. In terms of how innovative, profitable and responsible companies are, the ranking fell from 29th to 35th, while Germany slipped from 14th to 20th in terms of the strength of its infrastructure.

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