On its way to helping companies in the challenge of decarbonisation and sustainability, Sarralle has provided a Spanish steel manufacturer with state-of-the-art technology capable of using green hydrogen in the steel manufacturing process. Sarralle has installed the first ladle preheating station capable of running entirely on green hydrogen, achieving zero CO2 emissions in this ladle. The steel industry has always been considered a traditional energy-intensive sector, with high CO2 emissions.

A large majority of medium-sized companies want to invest in renewable energies. However, long approval procedures are the main obstacle to expansion.

Sharp increases in energy prices and fears about security of supply are leading more and more SMEs to rely on their own electricity from wind and solar power. "The war in Ukraine has woken up many entrepreneurs," said an industry expert.

The Federal Reserve raised rates by a quarter of a point, a less aggressive move than before, but said that “ongoing” rate increases were warranted.