04/08/24
TESVOLT AG, one of the innovation and market leaders for commercial and industrial energy storage solutions in Germany and Europe, today officially started construction of its new gigafactory at its headquarters in Lutherstadt Wittenberg with a ground-breaking ceremony. With a planned annual production capacity of 4 gigawatt hours, TESVOLT will build one of the largest facilities for commercial stationary battery storage systems in Europe. An investment volume of around 30 million euros is planned for the first construction phase, which includes the construction of the production facility and the fully automated high-bay warehouse. The TESVOLT Gigafactory, which will cover an area of almost 6,000 square metres, is scheduled to go into operation in 2025.
02/22/24
Companies are currently injecting nearly three billion euros into projects in Saxony-Anhalt, marking a significant commitment to transformative initiatives. When factoring in Intel's giga-investments, an additional zero needs to be appended.
11/09/23
Bernburg (Saale), 9th November 2023. "We are delighted that we can celebrate the topping-out ceremony for our high-performance distribution center here in Bernburg (Saale) today. With the support of our partners, the city, the district and the state of Saxony-Anhalt, we consider ourselves lucky that the construction is progressing so quickly and according to plan," explains Slobodan Puljarevic, President Avnet EMEA. "For us as a company, this means that the Bernburg site will enable us to serve the growing market needs and implement our growth strategy in Europe."
10/26/23
RAYDIAX, a spin-off of the STIMULATE research campus/ Otto-vonGuericke-University Magdeburg, is developing an image assistance system based on the principles of computed tomography for use in minimally invasive cancer treatments. The company secures €3.5 million in fresh capital to advance the development of the preclinical prototype and prepare for market entry in Europe and the USA. A seed round of €2.4 million is led by HTGF and bmp Ventures with IBG funds. In addition, RAYDIAX will receive €1.1 million in funding through a top-up of an “EXIST: transfer of research” grant from the German Federal Ministry for Economic Affairs and Climate Action (BMWK).