Luxembourg

More than a dozen European ministers of economic affairs have released a statement setting out the next steps to turn Europe into an industrial hub for large-scale cell production. The role of SMEs and competition was highlighted as ministers said European cells should provide innovation in terms of raw material use and sustainability, hinting at a pivot away from lithium-ion.

Venerable Swiss brand Leclanché is on an expansionist trail, notably in India and low-carbon shipping, but restructuring its debts will involve ceding even more control of the famous company to institutional investors.

China Construction Bank Corporation (CCB) and the European Investment Bank (EIB) have each listed a €500 million bond. The bond issuance of the Chinese company was made on the newly created Luxembourg Green Exchange, a platform exclusively dedicated to sustainable finance.

The Ministry of Economic Affairs is currently working on a new Electricity Market Act. In the future, the use of plug-in solar devices in Luxembourg should be allowed. Furthermore, self-consumption from solar sources may be exempt from paying the electricity tax.

The research team found that sodium, contrary to common belief, does not decrease per se indium and gallium interdiffusion, but instead hinders intergrain diffusion by segregating at grain boundaries.

The government of Luxembourg has also adopted a new draft legislation aimed at regulating self-consumption and promoting the active role of prosumers.

The incentive scheme includes a FIT mechanism and rebates covering up to 20% of the investment for the deployment of a PV installation. The progam is open to PV installations with a capacity of up to 200kW.

The new energy strategy of the Grand Duchy of Luxembourg aims to increase the share of renewables in its energy mix from around 6% currently to 70% by 2050. About 4.8 GW of new renewable energy power generation capacity is expected to be installed in order to reach this target, and to reduce dependence from power imports.