Eurelectric’s Post

#ActionPlan for #AffordableEnergy. : To make #electricity more #affordable, we need: ▪️ Massive deployment of more homegrown #renewable and #cleanelectricity ▪️ #Electrification: in a #netzero scenario, direct electrification delivers three- to fivefold #energyefficiencyimprovements for end users, alongside the #decarbonisation benefits of a #renewable and #clean #energymix. ▪️ Long-term contracts such as Power Purchase Agreements (#PPAs) and Contracts for Difference (#CfDs) help transfer the benefits of renewable and clean energy to consumers. ..........

📚 Eurelectric's Views on the EU Plan for Affordable Energy for Households and Business In 2025, the European Comission is expected to put forward an Action Plan for Affordable Energy to support industries and households through the energy transition while ensuring EU competitiveness and affordable electricity. Within this backgroud, Eurelectric provides several elements for consideration: ⚡ Electrification for Efficiency and Decarbonisation 📉 Reducing System Costs 📊 Caution on Market Interventions #energytransition #regulation #EUActionPlan #energy

Today (30 May 2024), Energy Ministers from the 27 EU Member States adopted Conclusions on Advancing Sustainable Electricity Grid Infrastructure on behalf of the Council of the European Union. The Ministers have agreed on a series of steps to support the deployment of clean #electricity infrastructure in the European Union, including: - holistic and integrated planning across all energy carriers - applying the ‘Energy Efficiency First’ principle - improved coordination between transmission and distribution levels - supporting flexibility, system adequacy and non-wire solutions - bottom-up coordination of national plans at regional level with a European approach. COGEN Europe welcomes the adoption of these Council Conclusions. "In order to meet its energy and climate ambitions, the EU must take an integrated approach to energy systems, fostering #energyefficiency and renewable energy across electricity, heat and gas grids," says COGEN Europe's Managing Director, Hans Korteweg. "Smart and efficient #cogeneration is embedded in Europe’s cities and industries, efficiently linking energy vectors at local level, reducing electricity system costs and strengthening security of supply. The expansion of cogeneration capacity must be prioritised in order to further enhance energy efficiency and resilience, whilst also enabling the efficient integration of #renewables and supporting #electrification." For further information, see the Press Release issued by the Council of the EU ➡ https://bit.ly/PR-300524

To deliver the energy transition, we need to empower Europe's energy infrastructure! Read our letter to the EU Energy Ministers 👉 https://lnkd.in/eUk3Kgcm.. With an estimated 70% of new renewable assets being connected at the distribution level by 2030, there is an urgent need for smartening and reinforcing Europe’s energy grid infrastructure. However, the current regulatory and financial framework is insufficient for the necessary infrastructure delivery. This is why we call on EU Energy Ministers to: ▪ Strategically upsize our distribution grids through anticipatory investments, while deploying grid-friendly flexibility. ▪ Ensure sufficient capital flows towards strengthening the EU’s electricity networks, where the uptake needs are expected to almost triple through 2050 from roughly 20 to 60%. This could be done by empowering national regulators, mobilising private equity, and introducing innovative funding mechanisms. ▪ Accelerate electrification to implicitly tackle affordability by spreading the development costs among more system users. ▪ Streamline permitting for grid build-out ▪ Secure access to critical materials and chemicals for the power system Belgian Presidency of the Council of the European Union 2024 | Leo Birnbaum | E.ON | Kristian Ruby | Cillian O'Donoghue | Savannah Altvater #Grids4Speed #energy #energytransition #electricity #electrification #decarbonisation

🚨 The European Commission's State of the Energy Union 2024 is out🚨 It highlights some critical points that will define the EU's path to achieving its 2030 climate and energy targets, many of which will have direct impacts on the #EVcharging industry: 🔌 €584 billion investment by #2030: The EU needs €584 billion in total investments, with €375-425 billion dedicated to distribution grids - great news for EV charging, where poor grid connections are the number 1 bottleneck in effective rollout! 🚗 Transport #decarbonization is on track for 2030 targets: Progress is strong, but the pace must accelerate. The EU needs to maintain ambition on electrification while tackling grid connection challenges. 🗝️ Implementation is key: Effective implementation of the National Energy and Climate Plans (NECPs) will be crucial. Member States should focus on delivering the goals of the Electricity Market Design (EMD) to ensure a stable, affordable, and clean energy market. ⚡ Renewable energy & EV charging: Renewable energy growth and EV charging go hand in hand. Grid expansion and modernization are essential for integrating renewables and electrifying transport. ⚙️ Flexibility: Enhancing flexibility in power systems and electricity markets is key to integrating renewable energy sources. At this stage, an effective national-level implementation is now critical. Now let’s see what’s in store from next week’s State of the Union address!

𝐅𝐨𝐫𝐛𝐞𝐬 2025 𝐄𝐧𝐞𝐫𝐠𝐲 𝐏𝐫𝐞𝐝𝐢𝐜𝐭𝐢𝐨𝐧𝐬: 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐂𝐨𝐬𝐭𝐬 𝐅𝐚𝐥𝐥, 𝐄𝐧𝐞𝐫𝐠𝐲 𝐒𝐭𝐨𝐫𝐚𝐠𝐞 𝐁𝐨𝐨𝐦𝐬, 𝐂𝐚𝐫𝐛𝐨𝐧 𝐑𝐞𝐦𝐨𝐯𝐚𝐥 𝐆𝐫𝐨𝐰𝐬, 𝐅𝐞𝐝𝐬 𝐏𝐮𝐫𝐬𝐮𝐞 𝐏𝐞𝐫𝐦𝐢𝐭𝐭𝐢𝐧𝐠 𝐑𝐞𝐟𝐨𝐫𝐦 **Declining Battery Costs and Energy Storage Expansion** Industry experts forecast a significant reduction in electric vehicle (EV) battery costs for 2025, potentially reaching as low as $80 per kilowatt-hour. This decline is expected to drive a substantial increase in energy storage installations, enhancing grid reliability and supporting the integration of renewable energy sources. **Advancements in Carbon Removal Technologies** The carbon removal sector is projected to experience notable growth, with increased investments and technological advancements aimed at achieving large-scale deployment. These developments are crucial for meeting climate targets and mitigating the impacts of greenhouse gas emissions. **Federal Initiatives on Permitting Reform** The federal government is anticipated to pursue permitting reforms to streamline the approval process for energy infrastructure projects. Such reforms are intended to accelerate the deployment of clean energy technologies and modernize the nation's energy infrastructure. https://lnkd.in/eWWgn2rN #EnergyStorage #CarbonRemoval #PermittingReform #CleanEnergy #EnergyInnovation

The new UK government is setting its sights on an important goal: to fast-track the widespread use of renewable energy by 2030. Take a look... The Engineer - Comment: Battery storage and the UK's clean energy future This is a critical step toward moving away from fossil fuels and reaching our Net Zero goals, but it requires more than just increasing the number of renewable projects. The modernisation of our grid infrastructure is important to ensure a stable energy supply. The journey is challenging, but with the right investments and infrastructure, we can power a sustainable future. #renewableenergy #energytransition

The UK Government has published today the Clean Power 2030 Action Plan which aims to achieve a clean power system by 2030, reducing reliance on fossil fuels and protecting households from energy price spikes. The plan includes measures to streamline the grid system, prioritise critical energy projects, and speed up planning decisions. In addition, the action plan seeks to expand the renewable auction process to stop delays and get more projects connected.  https://lnkd.in/e9fHFqJ4 #renewableenergy #planning Aitchison Raffety

US Clean Energy Investment Surge Highlights Progress And Challenges, Report Shows The United States has made substantial strides towards enhancing energy security, affordability, and decarbonisation goals, driven by major energy and climate initiatives that spurred a boom in clean energy investments. According to the latest review by the International Energy Agency (IEA) on US energy policies, these efforts have positioned the nation as a leader in clean technology manufacturing while bolstering its clean energy economy. Published today, the “United States 2024: Energy Policy Review” evaluates US policies and their impacts on national energy and climate objectives. It underscores the expansion of the clean energy sector as a result of federal initiatives […] Read the full story here: https://lnkd.in/gVvM8cgr #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #cleanenergy #internationalenergyagency #renewableenergy #solarenergy #u.s. #usa

The European Commission published the State of the Energy Union Report 2024 yesterday, highlighting the EU’s success in navigating the unprecedented energy challenges. This annual report analyses the state of play of the Energy Union regarding all its five dimensions: security, climate action and decarbonizing the economy, innovation and competitiveness, efficiency, and the internal market. Highlights: ✅ 50% renewable energy: By mid-2024, half of the EU's electricity was generated from renewables, breaking records in clean energy growth. ✅ Lower emissions: Greenhouse gas emissions fell by 32.5% between 1990 and 2022, while the EU's economy grew by 67%. As we accelerate the clean energy transition, the report finds the challenges ahead, such as EU’s energy efficiency efforts. Read the full article here: https://lnkd.in/g-v4Exbk #Nuventura #SF6Free #innovation #energytransition #netzero #dryairgis #switchgear #mvswitchgear #electricalengineering #sustainability #greentechnology #globalimpact #energyinnovation #energysolutions #greendeal #EUgreendeal #EnergyUnion #CleanEnergy