BMW Exploring Energy Investments to Reduce Dependence on Natural Gas

BMW Exploring Energy Investments to Reduce Dependence on Natural Gas
The BMW logo is seen during the 2016 New York International Auto Show in Manhattan, on March 24, 2016. Eduardo Munoz/Reuters
Reuters
Updated:

BERLIN—BMW is exploring new investments in solar, geothermal, and hydrogen energy to lower its dependence on natural gas, the carmaker’s production chief told Reuters on Monday, warning an embargo on Russian gas would bring the industry to a standstill.

The carmaker, which relied on natural gas for 54 percent of its energy consumption in 2021, is examining where it can add solar panels to its plants and developing plans with local authorities to transport hydrogen to its plant in Leipzig, Germany.