To stay competitive and decarbonise, the EU needs a robust electrification strategy. Currently, only a third of energy consumed by European industries is electrified, and high-emission processes remain largely dependent on fossil fuels. Addressing these challenges can unlock significant potential for industries to leverage clean electricity.
Key findings:
- 75% of EU electricity in 2024 came from clean energy.
- Industrial electricity demand is falling, slowing down the transition.
- Negative electricity prices and price volatility pose risks to future clean generation energy investments though opening up opportunities for storage and flexibility.
Read the Power Barometer 2024 report to explore more insights and data that will shape the future of European industry.
