Green Grids, Good Business?


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Apr 01 2024 27 mins  
As Germany rushes to meet deadlines to expand its electrical power grids and fill them with green energy, insiders say a plentiful supply of renewable energy will attract more and more businesses that want to tap into it.

The costs of converting Germany's power supply infrastructure to renewably generated electricity is enormous. Some skeptics fear the high cost of the transition will frighten off international companies. But there is also a case that with increasing numbers of firms committed to carbon-neutral production, Germany's green energy grids will soon a powerful argument for them to do business there.


Our Guests:
Nicolas Steinbacher is Senior Director of Strategy & Corporate Development for Swedish lithium-ion battery company Northvolt in Germany. Northvolt has broken ground on a gigafactory in northern Germany with its huge supplies of wind-generated electricity.


Marco Nix is Chief Financial Officer for 50Hertz, one of Germany's electrical transmission grid operators. His company is building thousands of kilometers of power lines to feed green grids bringing energy from wind and solar sources in the north, to manufacturing centers in the south of the country.