The German government has charted a clear course towards an energy future that is free of fossil fuels by amending the Climate Protection Act. This amendment has intensified the government's commitment to climate protection and set a target of achieving greenhouse gas neutrality by 2045. The plan calls for emissions to fall by 65 per cent by the end of the 2020s compared to 1990 levels. If Germany's "traffic-light coalition" has its way (this refers to the coalition government of the Social Democratic Party (SPD), the Free Democratic Party (FDP) and Alliance 90/The Greens), at least 65 per cent of new heating systems will be powered by renewable energies starting next year.
Amidst an unprecedented energy crisis, the focus is clearly on the security of supply and energy affordability. Investment and political and economic partnerships are required to achieve these goals and to create and maintain a liveable and sustainable future.
To reach the investment potential of €16 billion that we envision for EWE, we must work closely with other companies, the scientific community, and policymakers. This requires many different partnerships and support mechanisms.
Stefan Dohler, Chief Executive Officer of EWE AG
We are convinced that Germany's advancement in electrification, digitalisation, decentralisation, and decarbonisation is vital for the future of energy, and, based on our decades of experience, we firmly believe that EWE is capable of meeting these challenges. This is also reflected in our plan to invest more than €16 billion in the green infrastructure of tomorrow over the next 10 years.
One of our key partners for climate-neutral energy supply, Alterric, also plans to invest €3.6 billion in additional facilities by the end of the decade, which would more than double their current installed capacity.
The German government and environmental experts agree that climate targets can only be achieved if wind and solar energy are expanded more than previously planned. Green hydrogen is also considered to be an indispensable future energy carrier since it can be stored and used in a variety of ways, and is completely climate-neutral. One thing is clear: modern lifestyles require ever-increasing amounts of electricity.
To ensure that electricity can be stored and consistently delivered where it is needed, we are actively working on projects and carrying out tests to make sure that electricity distribution will work in the future and our power grids become intelligent.
To help you better understand all these issues, this website provides you with detailed information and explanations about our activities, projects and plans. Also, our "EWE Smart Guides" explain in their videos what we at EWE are doing to ensure the energy supply of tomorrow.
To reach the investment potential of €16 billion that we envision for EWE, we must work closely with other companies, the scientific community, and policymakers. This requires many different partnerships and support mechanisms.Stefan Dohler, Chief Executive Officer of EWE AG