
⚡ Electrification: Europe’s Competitive Edge
Jan Rosenow, speaking at this week’s EU Energy Council, highlighted a key vulnerability in Europe’s energy system: fossil fuel dependency. Since the beginning of the war in Ukraine, European industry has paid up to five times more for energy than the US.
Electrification could cover 78% of industrial energy use, according to Agora Industry. With nearly half of Europe’s electricity now renewable, electrification offers efficiency gains and boosts competitiveness for European businesses.
Challenges remain:
- Energy taxation keeps costs high.
- Grid connections can take years.
- Supply chains are still scaling.
Policy tools are emerging. The EU is preparing the world’s first electrification auction, aimed at supporting SMEs and high-temperature industrial processes. Fiscal reform and shared grid access are also under discussion.
Europe has successfully navigated transitions before – from LEDs to electric vehicles and renewables.
Electrification is the next step.
#ElectrifyNow #EnergyTransition
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