Germany and Intel in funding dispute over €17bn chip plant

Apr14
by on April 14, 2023 at 12:03 pm
Posted In: Uncategorized


Intel’s plan to construct a massive chip plant in Magdeburg, Germany, is arguably the centrepiece of the EU’s strategy to ramp up domestic production of semiconductors.  But cash flow has proven to be a major stumbling block for the mega-project. Intel attributes this to rising costs, partly a result of Russia’s invasion of Ukraine.  To close the funding gap, last month, the US semiconductor giant requested an additional €4-5 billion euros in subsidies to construct the plant. But German officials want Intel to meet them in the middle — they will consider boosting subsidies, but only if the company is…

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3 innovative energy storage firms bag £30M from UK government

Apr13
by on April 13, 2023 at 4:30 pm
Posted In: Uncategorized


Seeking to modernise the UK’s energy system and maximise the potential of renewables, the British government has awarded £30 million to three pioneering companies to develop new energy storage technologies. According to the government, accelerating the uptake of these technologies will not only save billions of pounds in energy costs, but also help balance the National Grid, and increase the country’s energy security. The funding will help the businesses test and prepare their technology for the market, encourage private investment, and create new jobs across the UK. The selected companies are the following: Invinity Energy Systems The battery maker will…

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Europe surpasses US in private spacetech investment for first time, report finds

Apr12
by on April 12, 2023 at 4:31 pm
Posted In: Insider


For the first time ever, Europe has surpassed the US in private spacetech investment, according to new research. A study by Seraphim, a leading spacetech VC firm, found the European sector attracted $565m in the first quarter of this year. The whole of North America, meanwhile, raised $456m. Asia followed, with investments of $306m, while the rest of the world totalled around $29m. The figures made Europe the world’s biggest market for private spacetech funding. The quarterly investment in Europe hit almost 50% of the entire previous year. In contrast, US investment has fallen further compared to 2022. Asia was the…

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Scientists renew calls to rejoin EU’s Horizon after UK unveils backup

Apr11
by on April 11, 2023 at 7:35 pm
Posted In: Insider


The UK’s proposed alternative to the EU’s Horizon research programme has failed to sway support for the bloc’s funding scheme. Named Pioneer, the programme provides a backup plan in case the UK doesn’t rejoin Horizon. A recent trade agreement for Northern Ireland had opened the door to reentering the EU scheme, but negotiations over Horizon’s terms have stalled. Pioneer will be activated if a deal is not agreed upon. “We hope our negotiations will be successful, and that is our preference, but it must be on the right terms,” said Michelle Donelan, Britain’s minister for science and technology. “We must ensure we…

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The world’s first self-driving bus fleet will soon hit Scotland’s streets

Apr07
by on April 7, 2023 at 3:02 pm
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Next time you board a bus in Scotland and it’s driving itself, don’t freak out — this is all part of a government plan to bring self-driving tech into the mainstream. Five fully autonomous buses will be taking to the streets near Edinburgh next month, announced Stagecoach, the UK’s largest bus and coach operator, who will be managing the fleet. The UK government said the project, named CAVForth, would be the world’s first full-size, self-driving public bus service. CAV stands for “connected and autonomous vehicles.” The service, which aims to transport 10,000 passengers weekly, will initially run a 22.5km circuit…

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