The inaugural German Energy Transition Outlook report by DNV highlights Germany's progress in its energy transition efforts. By 2050, the country aims to electrify almost half of its electricity demand, reducing reliance on imports significantly. The energy mix will shift dramatically, with predicted declines in imported coal and oil by 99% and 79%, respectively. Notably, natural gas and hydrogen are expected to be equal by mid-century, with a third of hydrogen produced domestically. While emissions are projected to decrease substantially, Germany is anticipated to fall short of its 2045 climate neutrality target. To bridge this gap, the country will need to continue driving policy measures and investments in renewables, hydrogen, and energy efficiency. DNV forecasts a 95% reduction in emissions by 2050 compared to 1990 levels. The transition will require substantial investments of €3.3 trillion in energy infrastructure over the next 25 years, emphasizing renewables, hydrogen, and storage. Energy efficiency improvements will also play a crucial role, with notable reductions in energy intensity per unit of GDP and per capita energy use by 2050. Despite these challenges, German industries are not expected to be jeopardized by energy prices. Support will be necessary for energy-intensive sectors to adjust their business models towards energy efficiency, electrification, and CCS. In the short term, these industries are poised to benefit from declining electricity and natural gas prices after experiencing historic highs.