Eurelectric

🚨 50% Emissions Cut! The power sector has halved its emissions since 2008, according to today's newly released Power Barometer: https://bit.ly/3N6Sf9s This marks the largest emissions reduction to date. Yet, the climate clock is ticking faster. Europe’s #electrification rate has stagnated at 23% over the past decade - well short of the 50% target set for 2040. Another concern for the sector is the growing price volatility, with electricity prices occasionally dropping below zero (mostly during solar peaks). This makes it harder to build a strong business case for further renewable investments. Given these trends, Eurelectric calls on policymakers to: 1 - Implement the #GreenDeal 2 - Maintain a market-compatible investment framework 3 - Establish a clear electrification strategy for a competitive, decarbonised European industry. “The missing piece between going green and staying competitive is electrifying. Industrial sectors hold a huge potential to electrify further based on available technologies”, said Eurelectric’s Secretary General Kristian Ruby Explore the #PowerBarometer24 for an in-depth look at the state of Europe’s energy transition: https://bit.ly/3N6Sf9s European Commission | Niels Fuglsang | European Parliament | Sam Peacock | SSE plc | Stefan Håkansson | GFG Alliance | #energy #electricity #electrification #decarbonisation

Two consequential Council meetings took place this week, touching on the power sector’s role in a competitive Europe. The conclusions from both Councils and the potential action taken on them will have an impact on both industrial competitiveness in the EU, as well as the power sector’s ability to provide clean, reliable and affordable power to those industries. We are here to dissect that for you today in this week’s #FridayFeature 👇 ____________________________________________ Are you or someone you know interested in regular updates from the power sector? Be sure to follow these weekly articles and subscribe to our monthly Power Bulletin. Subscribe here 👉 https://lnkd.in/eet5HgPn #energy #energytransition #electricity #electrification

Join us at #EnlitEurope to discover new solutions to accelerate the energy transition by innovative start-ups 👉 https://lnkd.in/eTZ6UJ7K With Enlit Europe, we're co-hosting the 𝗘𝗻𝗲𝗿𝗴𝘆 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗼𝗿𝘀 𝗣𝗶𝘁𝗰𝗵𝗶𝗻𝗴 𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝗼𝗻, with three different sessions - and a winner for each one! In the session "𝗣𝗹𝗮𝘁𝗳𝗼𝗿𝗺𝘀 𝗮𝗻𝗱 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 𝗳𝗼𝗿 𝗘𝗻𝗲𝗿𝗴𝘆 𝗘𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆, 𝗖𝗼𝗺𝗺𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗮𝗻𝗱 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁" we will discover start-ups that help homes, businesses, and communities to better manage, share, and optimise energy use, promoting a more sustainable and participatory energy ecosystem. It will feature: - Enercade, Italy - Apollo Green Solutions, Germany - j4energy, Italy - KOALA, Italy - Synergi, Finland - MOOST, Switzerland 🗓 23 October 🕜 15:35-16:30 📍 Energy Democracy Hub Theatre (Hall 7) at #EnlitEurope, Fiera di Milano Rho A special thanks to the jury members Savannah Altvater, Felipe Bethencourt Meinster, Peter Warren, and Thomas Müller!

According to the International Energy Agency (IEA)'s World Energy Outlook, in 2022, data centres consumed around 1% of total global electricity demand and this share is expected to increase in the coming years as the rapid growth in the sector continues.   With data centres driving a significant rise in power demand, it is important to explore the impact on the power sector and how to regulate such massive electricity consumption.   Today we had the pleasure of hosting our 𝗕𝗿𝘂𝘀𝘀𝗲𝗹𝘀 𝗘𝗹𝗲𝗰𝘁𝗿𝗶𝗰𝗶𝘁𝘆 𝗖𝗹𝘂𝗯 on Electricity Demand in Data Centres, and discussing these issues and much more.   Thanks to Eren Çam (International Energy Agency (IEA)), Zivile Venslaviciute (Google), Mo Cloonan (EPRI) and Robert Nuij (European Commission) for sharing their insights and for the great discussion 👏 Cillian O'Donoghue | Aida García | #energy #electricity #electrification #decarbonisation #datacenters #poweringpeople

Representing over 50% of EU #energy demand, the heating and cooling sector is crucial to achieving climate-neutrality and energy independence. Join the #districtheating & cooling community at the Euroheat & Power policy flagship event to discover the latest EU policy and research updates to accelerate the heat transition.   📅 5 - 6 November 2024  📍 Sparks Meeting, Brussels      Register now for the #EHPSummit 👉 https://bit.ly/3Ayah1i #energy #heating #cooling #enerytransition #REPowerEU #Fitfor55

During today's European Council, leaders will take stock of progress on enhancing EU competitiveness, based on Mario Draghi's report ‘The future of European competitiveness’. Here are our views 👉 https://lnkd.in/eVNCPWs3 Overall, we welcome Draghi's report, which highlights #electrification and expansion of the #electricity system as the way forward. However, bolstering energy-cost competitiveness of energy-intensive industries while sustaining continued investments in the power sector will require a balanced and carefully crafted approach. In our letter, we call on EU energy leaders to deliberate following these principles: 1. The power sector and the industrial base must grow together 2. Electrification of demand must grow in tandem with supply 3. Be aware of the unwanted trade-offs in short-term measures Read the full letter 👉 https://lnkd.in/eVNCPWs3 Leo Birnbaum | Kristian Ruby | Cillian O'Donoghue | E.ON #energy #energytransition #industry #industrialcompetitiveness #draghireport

The launch of #PowerBarometer24 was a fantastic moment to dive into Europe’s decarbonisation journey! Get it here 👉 https://bit.ly/3N6Sf9s We explored the power sector’s latest trends and challenges in an insightful discussion with top panellists such as Ditte Juul Jorgensen, Niels Fuglsang, Sam Peacock, Mechthild Wörsdörfer, Stefan Håkansson and Kristian Ruby - masterfully moderated by Sasha Twining! One thing is certain: the EU needs a robust #electrification strategy for the decarbonising industry while boosting power demand and competitiveness. ⚡ We call on policymakers to implement the Green Deal, maintain a market-compatible investment framework and establish a clear electrification strategy for a competitive, decarbonised European industry. Don’t miss the insights—download #PowerBarometer24 now 👉https://bit.ly/3N6Sf9s SSE plc | European Commission | European Parliament | GFG Alliance | Marianne Leonet Karu | Emily O'Leary | Ann Strzelczyk | Nadège MANDIE | Matteo Redaelli | Gael Glorieux | Sparks meeting #energy #energytransition #electricity #electrification #decarbonisation

Join us at #EnlitEurope to discover new solutions to accelerate the energy transition by innovative start-ups 👉 https://lnkd.in/eTZ6UJ7K With Enlit Europe, we're co-hosting the 𝗘𝗻𝗲𝗿𝗴𝘆 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗼𝗿𝘀 𝗣𝗶𝘁𝗰𝗵𝗶𝗻𝗴 𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝗼𝗻, with three different sessions - and a winner for each one! In the session "𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝘃𝗲 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 𝗳𝗼𝗿 𝗖𝗹𝗲𝗮𝗻 𝗘𝗻𝗲𝗿𝗴𝘆 𝗮𝗻𝗱 𝗦𝘁𝗼𝗿𝗮𝗴𝗲" we will discover a wide range of tech solutions, from AI-powered nuclear design and virtual energy storage to robotics for wind turbine maintenance and repurposing solar PV modules. It will feature: - SF Energy, Italy - BladeBUG, UK - REBLADE, Denmark - CAELUS, Italy - GE4A - Green Energy for All, Netherlands - Allye, UK 🗓 23 October 🕜 14:35-15:30 📍 Energy Democracy Hub Theatre (Hall 7) at #EnlitEurope, Fiera di Milano Rho A special thanks to the jury members Marios Bompoulos, Christian Orthofer, Jantine Zwinkels, John McKiernan!

The success of Europe’s #energy and #decarbonisation objectives hinges on a competitive green industry. Here's how to achieve it 👉 https://lnkd.in/eWBYKjAu Here are 5 key points that policymakers should consider for the European Union’s upcoming Clean Industrial Deal: 1. 𝗧𝗵𝗲 𝗻𝗲𝗲𝗱 𝘁𝗼 𝗰𝗵𝗮𝗻𝗻𝗲𝗹 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀 𝗶𝗻 𝗱𝗲𝗰𝗮𝗿𝗯𝗼𝗻𝗶𝘀𝗲𝗱, 𝗻𝗲𝘁-𝘇𝗲𝗿𝗼 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗲𝘀 𝗮𝗻𝗱 𝗶𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲. Regulatory certainty, accelerating permitting, simplification of administrative procedures and long-term visibility along with a conducive investment framework are paramount for the cost-efficient deployment of a technologies that will help the power sector reach net-zero around 2040. 2. 𝗠𝗲𝗮𝘀𝘂𝗿𝗲𝘀 𝘁𝗼 𝗿𝗮𝗺𝗽 𝘂𝗽 𝗲𝗹𝗲𝗰𝘁𝗿𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻, 𝗲𝗻𝗮𝗯𝗹𝗶𝗻𝗴 𝗲𝗻𝗲𝗿𝗴𝘆 𝗲𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆 𝗴𝗮𝗶𝗻𝘀 𝗮𝗻𝗱 𝗮𝗰𝘁𝗶𝘃𝗲 𝗶𝗻𝘃𝗼𝗹𝘃𝗲𝗺𝗲𝗻𝘁 𝗼𝗳 𝗰𝗼𝗻𝘀𝘂𝗺𝗲𝗿𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗲𝗻𝗲𝗿𝗴𝘆 𝘁𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻. Electrification rates have stagnated at 33% for industrial sectors, but promising solutions exist, leading to a technical potential of 92% direct electrification of industrial heat processes. Cost and regulatory barriers prevent this from happening at the scale needed. 3. 𝗠𝗮𝗸𝗶𝗻𝗴 𝘁𝗵𝗲 𝗘𝗨 𝘃𝗮𝗹𝘂𝗲 𝗰𝗵𝗮𝗶𝗻𝘀 𝗮 𝗯𝗼𝗼𝗻 𝗳𝗼𝗿 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗱𝗶𝗴𝗶𝘁𝗮𝗹𝗶𝘀𝗮𝘁𝗶𝗼𝗻 𝘁𝗼 𝗰𝗵𝗮𝗺𝗽𝗶𝗼𝗻 𝘁𝗵𝗲 𝗱𝗲𝗰𝗮𝗿𝗯𝗼𝗻𝗶𝘀𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗿𝗲𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹𝗶𝘀𝗮𝘁𝗶𝗼𝗻 𝗮𝗴𝗲𝗻𝗱𝗮. Expanding the EU’s clean tech base will be crucial for the bloc’s climate and industrial leadership, while also speeding up the EU’s push for energy independence. For that, European companies need to see a reversal of their disadvantage vis-à-vis international competitors which benefit from unfairly, heavily subsidised markets and are subject to weaker compliance on environment, sustainability and governance (ESG) standards. 4. 𝗔𝗱𝗱𝗿𝗲𝘀𝘀𝗶𝗻𝗴 𝗮 𝗱𝗶𝘀𝘁𝗼𝗿𝘁𝗶𝗻𝗴 𝘁𝗮𝘅𝗮𝘁𝗶𝗼𝗻 𝗽𝗼𝗹𝗶𝗰𝘆. While wholesale electricity prices are decreasing, on the retail end, unfair taxes and levies are exacerbating the competitiveness gap with international competitors. At present, electricity is taxed 1.4 times more than gas, a distortion given their respective environmental impacts. The revision of the European Taxation Directive should be an opportunity to address this issue. 5. 𝗧𝗵𝗲 𝗻𝗲𝗲𝗱 𝘁𝗼 𝗳𝘂𝗿𝘁𝗵𝗲𝗿 𝗱𝗲𝘃𝗲𝗹𝗼𝗽 𝗹𝗼𝗻𝗴-𝘁𝗲𝗿𝗺 𝗰𝗼𝗻𝘁𝗿𝗮𝗰𝘁𝗶𝗻𝗴 𝗳𝗼𝗿 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹𝘀. This will transfer the benefits of renewables faster to European industries and making energy prices less volatile. #energy #energytransition #electricity #electrification #decarbonisation

Are you a #journalist? Will you be at Enlit Europe in Milan next week? Then join our Press Conference on 22 October 👇 Our Secretary General Kristian Ruby will present the European power sector’s latest developments in the past year as well as decarbonisation scenarios for 2030 and 2050 from #PowerBarometer24 Join the European electricity industry to discuss everything from: 📈 𝗘𝗹𝗲𝗰𝘁𝗿𝗶𝗰𝗶𝘁𝘆 𝗽𝗿𝗶𝗰𝗲𝘀: negative prices and market volatility on the rise, PPAs market not picking up  🏭 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹 𝗘𝗹𝗲𝗰𝘁𝗿𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻: the untapped potential of electrification 🚗 𝗘-𝗺𝗼𝗯𝗶𝗹𝗶𝘁𝘆: where are we headed and where we should be going (or driving)  ⚡ 𝗣𝗼𝘄𝗲𝗿 𝗶𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲: challenges and opportunities Emission reductions across sectors 📃 𝗙𝘂𝘁𝘂𝗿𝗲 𝗘𝗨 𝗽𝗼𝗹𝗶𝗰𝗶𝗲𝘀: our key asks for the new European Parliament and future European Commission Make sure to secure your seat here: https://lnkd.in/eDR6Z3DK   For additional information, reach out to Eleonora Rinaldi at erinaldi@eurelectric.org 📆 22 October 📍 Enlit Europe - Fiera Rho Milano #EnlitEurope #Milan #energy #energytransition #electricity #electrification #decarbonisation